AMS Health Sciences, Inc. Announces First Quarter 2006 Financial Results.OKLAHOMA CITY -- AMS AMS - Andrew Message System Health Sciences, Inc. (AMEX AMEX See: American Stock Exchange :AMM AMM Autorisation de Mise sur le Marche (French) AMM Autorisation de Mise sur le Marché (French: Commission of Marketing Authorization) AMM ASEAN Ministerial Meeting AMM American Metal Market ) announces a profit from continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the of $19,401 for the three months ended March 31, 2006 compared to a loss of $1,314,605 for the same period in 2005. Results for the three months ended March 31, 2006, including discontinued operations, was a net loss of $316,314. President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dr. Jerry W. Grizzle grizzle a bluish-gray or iron-gray coat color in dogs, consisting of a mixture of black and white hairs. In canaries, it describes light, grayish markings on the head, body, wings or tail. said, "To say that we are proud to announce an operating profit is an understatement. We have focused on getting our expenses back in alignment with our sales levels, eliminating non-producing assets and concentrating on driving sales and new associate membership." "Even taking into account the $335,715 allowance from the discontinued operations of Heartland Cup, we lowered the net loss per share to ($0.04) from ($0.19) in the first quarter of 2005," said Grizzle. Net Sales for the period ended March 31, 2006 were $2,351,713. This represents a decrease of $1,699,045 or 41.5% reduction from the same period in 2005. The decrease is directly attributable to a free trial program being offered in 2005. The free trial program created an increase in sales however customers dropped their associate membership after receiving the initial free product. Cost of sales decreased by $1,979,979 from $3,542,133 to $1,565,154 when compared to the same period in 2005. Cost of sales returned to it historical level as a percentage of sales of 66.6%. During the first quarter of 2005, the free trial program mentioned above increased cost of sales to 88.1%, as a percentage of sales. Total marketing and administrative expenses decreased by $990,965 to $830,664, or 35.3% of net sales, during the first quarter of 2006. During the same period in 2005 total marketing and administrative expense were $1,821,629 or 45.3% of net sales. "Our objectives have been to return the Company to profitability, divest ourselves of non-core businesses, retain our American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. listing and increase shareholder value. I think our first quarter results indicate that we are on target to reach our objectives," said Grizzle. AMS Health Sciences, Inc., sells more than 60 natural nutritional supplements, weight management products, and natural skincare products through independent distributors across the United States and Canada. More information about the Company is available at http://www.amsonline.com. |
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