BeautiControl Announces First Quarter 2000 Earnings and Leading Edge Beautinet.com and Beauticontrol.com Internet Sites.Business Editors DALLAS--(BUSINESS WIRE)--March 21, 2000 BeautiControl, Inc. (Nasdaq:BUTI BUTI Boston University Tanglewood Institute ), a Dallas-based direct sales marketer and manufacturer of cosmetics-related products and 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. reported on first quarter 2000 earnings, new products and technologically advanced e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. introductions. BeautiControl reported first quarter 2000 sales of $15,937,425 and income of $982,469 or $.14 per share (including a non-recurring gain of $909,664 or $.13 per share on the sale of an airplane airplane, aeroplane, or aircraft, heavier-than-air vehicle, mechanically driven and fitted with fixed wings that support it in flight through the dynamic action of the air. ) as compared to sales of $16,808,135 and a loss of ($849,521) or ($.12) per share in the same quarter of 1999. "In late 1999, BeautiControl initiated efforts designed to streamline operations and to return the company to profitability. In the first quarter of 2000, the Company has begun to see the favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. impact of these restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , cost reduction and strategic efforts. In addition, sales in the first quarter of 2000 reflected an increase over sales in the fourth quarter of 1999. This increase has not typically been the trend for these two quarters in previous years," noted Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a W. Heath heath, tract of open land heath, tract of open land characterized by a few scattered trees, abundant moss cover, and numerous low shrubs, principally of the heath family (see heath, in botany). , Chief Executive Officer. "BeautiControl has already taken bold steps in its internet initiatives in 2000, combining the best of high-tech with high-touch," stated Mr. Heath. "We are now selling directly on the internet where the consumer chooses high-touch by asking for a Consultant via the Consultant's own personal web page, high-tech where the Company sells directly to the consumer online, or a combination of both. Our Consultants receive commissions on every sale. This positioning has allowed us to uniquely broaden our business while always including our Consultants as we position the company as both a direct sales company and a 'dot.com' company. "In this age of 'dot.com' businesses, BeautiControl's company wide focus during much of 1999 was on increasing its internet presence starting with the rollout of an internet site designed specifically for our independent Consultants, beautinet.com. This web site provides a 'virtual office' that enables Consultants to order and recruit online as well as manage all aspects of their businesses with real time data. We believe this internet-based support far surpasses the industry norm," stated Mr. Heath. "The Company is committed to supporting our Consultants' focus on growing their businesses using the high-tech, high-touch tools that BeautiControl is continually con·tin·u·al adj. 1. Recurring regularly or frequently: the continual need to pay the mortgage. 2. developing and enhancing. Our field organization is both pleased and excited about these new online offerings and e-commerce capabilities. They can now carry on party plan direct sales with industry-leading high-tech support," continued Mr. Heath. "I invite you to visit our web sites at www.beauticontrol.com." Company stock is traded on The Nasdaq Stock Market Nasdaq stock market The first electronic stock market listing over 5000 companies. The Nasdaq stock market comprises two separate markets, namely the Nasdaq National Market, which trades large, active securities and the Nasdaq Smallcap Market that trades emerging growth companies. under the symbol "BUTI" and is listed in alphabetical quotation QUOTATION, practice. The allegation of some authority or case, or passage of some law, in support of a position which it is desired to establish. 2. Quotations when properly made, assist the reader, but when misplaced, they are inconvenient. as "BeautiCtl" or "BeauCtl." The information contained in this news release includes certain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. . It is important to note that actual results could differ materially from those projected by such forward-looking statements. Important factors that could cause actual results to differ materially from those projected in such forward-looking statements include, but are not limited to, the following: independent Consultant and Distributor activity levels, recruiting of new Consultants and Distributors, new product introductions, changes in senior management, protection of intellectual property rights and third party infringement The encroachment, breach, or violation of a right, law, regulation, or contract. The term is most frequently used in reference to the invasion of rights secured by Copyright, patent, or trademark. , changes in U.S. or international economic conditions, results of international operations Internal Operations (I.O., IO or I/O) is a fictional American Intelligence Agency in Wildstorm comics. It was originally called International Operations. I.O. first appeared in WildC.A.T.S. volume 1 #1 (August, 1992) and was created by Brandon Choi and Jim Lee. including governmental, regulatory, political, foreign exchange rate impacts and the impact of competition, results of operations in new markets, global and domestic expansion efforts, capital resources and the ability to obtain financing, market risks, and risks and costs related to the Year 2000.
BEAUTICONTROL COSMETICS, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
Three Months Ended February 28,
2000 1999
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Net Sales $15,937,425 $16,808,135
Cost of Sales 3,740,954 4,080,027
Selling, general & administrative 12,219,783 13,918,663
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Income (loss) from operations (23,312) (1,190,555)
Interest and other income
(expense), net 2,128,387 (76,135)
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Income (loss) before income taxes 2,105,075 (1,266,690)
Income taxes (benefit) 1,122,606 (417,169)
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Net income (loss) $982,469 ($849,521)
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Earnings (loss) per common share $0.14 ($0.12)
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Weighted average common shares 7,231,448 7,229,448
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Earnings (loss) per common share-
assuming dilution $0.14 ($0.12)
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Weighted average common and
common equivalent shares 7,231,879 7,229,448
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