AMS Health Sciences, Inc. Announces Implementation of Expense Reductions.OKLAHOMA CITY Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm -- 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 ) (AMS), announced a cost-cutting program designed to better align expenses with revenue. The program, along with changes in the enrollment offerings of the Company, is expected to result in a decrease in the Company's cost of sales and operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. of approximately 20%, and generate positive operational cash flow immediately. The expense reductions include reduction in staffing in the Oklahoma City office implemented on Monday, April 18, 2005, as well as reductions in contract services and a voluntary pay cut by C.E.O. and Chairman, John Hail. Mr. Hail's salary reduction will remain in force until the Company returns to profitable operations. The second quarter goal of the Company is to execute a plan that will begin to maximize the capital outlay capital outlay See capital expenditure. it has made over the last 12 months, reduce expenses, increase margins and maintain a positive cash flow, while also maintaining attractive incentives for sales associates and customers. Under the new program, which initiates April 20, 2005, all enrollment options and customer recruiting for the Company is profitable and generate positive cash flow. About AMS Health Sciences, Inc. AMS Health Sciences, Inc., sells more than 60 natural nutritional supplements Nutritional Supplements Definition Nutritional supplements include vitamins, minerals, herbs, meal supplements, sports nutrition products, natural food supplements, and other related products used to boost the nutritional content of the diet. , weight management products, and natural skincare products, including the world's number-one all-natural weight loss and stress reliever, Prime One, through independent distributors across the U.S. and Canada. More information about the Company is available at http://www.amsonline.com Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Certain, but not necessarily all, of such forward-looking statements can be identified by the use of forward-looking terminology such as "anticipates," "believes," "expects," "may," "will," or "should" or other variations thereon, or by discussions of strategies that involve risks and uncertainties. The actual results of the Company or industry results may be materially different from any future results expressed or implied by such forward-looking statements. |
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