Advantage Life Products announces improved second quarter results; booked orders for Secret Hair exceed $10 million.IRVINE, Calif.--(BUSINESS WIRE)--Dec. 15, 1994--Advantage Life Products Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADVT ADVT Advertisement ADVT Advertising (college course) ADVT Acquirer Device Validation Toolkit ADVT Advance Development Verification Test ) Thursday announced that 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 for the three-month period ended Oct. 31, 1994, were $1,542,579, compared with $911,307 in the same period last year, an increase of 69 percent. Sales for the six-month period ended Oct. 31, 1994, were $1,630,037, compared with $1,408,713 in the same period last year, an increase of 16 percent. The net loss for the three-month period ended Oct. 31, 1994, was $75,128, compared with a loss of $126,928 in the same period last year. The net loss for the six-month period ended Oct. 31, 1994, was $220,899, compared with a loss of $120,709 in the same period last year. To date, the Secret Hair infomercial in·fo·mer·cial also in·for·mer·cial n. A relatively long commercial in the format of a television program. [info(rmation) + (com)mercial.] Noun 1. has generated in excess of $10 million in orders, and Advantage has shipped in excess of $5 million. Don Danks, president of Advantage, commenting on the results of the infomercial, said, "Sales from the infomercial continue to exceed our projections and although our production has increased substantially, we still have a three- to four-week backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. ." Danks added, "The success achieved by our infomercial has established Advantage as a leader in this expanding product category. Beginning in January 1995, we will be launching this product through hair salons A hair salon (also called 'Hairdresser' and 'Hair Parlour')is a place where one goes to get their hair cut, as well as styled, highlighted or coloured. There are many different types of hair salons that one can choose to go to. , and have already signed up over 500 salons. "We expect to sign up our first 5,000 salons prior to the end of our fiscal year, April 30, 1995. Advantage will be selling Secret Hair direct to hair salons through an innovative program which will allow the salons to offer the product to customers on a commission basis without the need for them to maintain any inventory." Additionally, for the second consecutive week, its Jose Eber's Secret Hair infomercial was the No. 1 ranked infomercial in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the Jordan Whitney "Greensheet" Direct Response Television Monitoring Report. -0-
ADVANTAGE LIFE PRODUCTS INC.
Financial Highlights (unaudited)
Six Months Ended Three Months Ended
10/31/94 10/31/93 10/31/94 10/31/93
Net Revenues $1,630,037 $1,408,713 $1,542,579 $ 911,307
Net (Loss) (220,899) (120,709) (75,128) (126,928)
(Loss) per share (6 cents) (4 cents) (2 cents) (4 cents)
Weighted average
shares outstanding 3,515,970 3,031,579 3,524,000 3,448,304
CONTACT: Advantage Life Products Inc., Irvine
Jim Stapleton, 714/752-2797
or
Radcliffe & Associates, New York
Don Radcliffe, 212/605-0287
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