ATP Announces 25% Increase in Nicotrol/Nicorette Inhaler Sales, Fiscal 2002 Results and Dividend.Business Editors SAN ANTONIO--(BUSINESS WIRE)--Dec. 3, 2002 Advanced Tobacco Products Inc., d/b/a Advanced Therapeutic Products Inc ("ATP ATP: see adenosine triphosphate. ATP in full adenosine triphosphate Organic compound, substrate in many enzyme-catalyzed reactions (see catalysis) in the cells of animals, plants, and microorganisms. ") (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. : AVTH) today reported after tax earnings of $642,239 (8 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. ) on operating revenues of $826,771 for the fiscal year ending Sept. 30, 2002, as compared to $529,091 (6 cents per share) on operating revenues of $643,399 for the fiscal year ending Sept. 30, 2001. The Board of Directors of ATP also declared a dividend of 8 cents per share payable on Jan. 9, 2003, to stockholders of record as of Dec. 20, 2002. According to Pharmacia Corporation's (NYSE NYSE See: New York Stock Exchange :PHA PHA abbr. phytohemagglutinin PHA phytohemagglutinin, a plant lectin. ) quarterly update to ATP, Nicotrol(R)/Nicorette(R) Inhaler inhaler /in·hal·er/ (in-hal´er) 1. an apparatus for administering vapor or volatilized medications by inhalation. 2. ventilator (2). in·hal·er n. sales were up over twenty-five percent (25%) for the 12 month period ending Sept. 30, 2002, as compared to the same period last year. PHA saw significant growth of the Nicotrol(R)/ Nicorette(R) Inhaler in North America, Europe, Asia and Latin America; however, the US market, which has seen a double-digit increase in prescriptions for thirteen (13) consecutive months, generated about two-thirds (2/3) of this growth. PHA indicated it will continue to support the Nicotrol(R) Inhaler in the U.S. as well as increase overall brand support during the re-launch of PHA's Nicotrol(R) Patch. ATP sold patented nicotine technology, which forms the basis of the Nicotrol(R)/Nicorette(R) Inhaler, to Pharmacia in exchange for payments of 3% of Pharmacia's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight of the Nicotrol(R)/Nicorette(R) Inhaler. In September, 1998, Pharmacia launched the Nicotrol(R) Inhaler as a prescription product in the U.S. The Nicorette(R) Inhaler is sold, primarily as an over-the-counter product, in Australia, Austria, Belgium, Czech Republic, Denmark, Estonia, Finland, France, Hong Kong, Iceland, Ireland, Italy, Malaysia, Malta, Mexico, Netherlands, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Norway, Portugal, Russia, Singapore, South Africa, Sweden, Switzerland, Taiwan and the United Kingdom. The Inhaler is the only nicotine replacement product designed to help control a smoker's cravings for cigarettes while providing a key behavioral component of smoking, the hand-to-mouth ritual. The foregoing information concerning the status of the Inhaler includes forward-looking statements. These forward-looking statements are as of the date of this press release. The forward-looking information contained in these statements is subject to change as the result of business, economic, competitive, regulatory, or other contingencies and uncertainties which cannot be predicted and which are beyond the control of PHA or ATP. The forward-looking information is also subject to changes in the plans of PHA with regard to the Nicotrol(R)/Nicorette(R) Inhaler which are entirely at the discretion of PHA. |
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