CNS, Inc. to Webcast Annual Meeting on August 30 at 11 a.m. CT.MINNEAPOLIS -- CNS See Continuous net settlement. CNS See continuous net settlement (CNS). , Inc. (Nasdaq:CNXS), the Breathe Right Breathe Right™ Sports medicine A proprietary Band-Aid™-like nasal strip worn on the nasal bridge, said to improve breathing by opening the nasal passages Indications Temporary relief of breathing difficulties due to deviated nasal (R) company, today announced that it will host a live Webcast of its fiscal 2005 annual shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. on Tuesday, August 30, 2005, at 11 a.m. CT. Marti Morfitt, CNS' president and chief executive officer, will recap results for the fiscal year ended March 31, 2005, and outline future plans. Net income in fiscal 2005 rose 60 percent to $13.7 million, or $0.93 per fully diluted share, on record revenue of $94 million. Yesterday, CNS reported that net income for the 2006 first quarter grew 142 percent to $4.0 million, or $0.27 per fully diluted share. The company also raised its estimates for fiscal 2006 sales and earnings per share. For the current fiscal year ending March 31, 2006, CNS now anticipates sales will increase to between $106 million and $112 million, with fully diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of in the range of $1.00 to $1.10. To access the annual meeting Webcast, go to the "Investor Relations Investor relations The process by which the corporation communicates with its investors. " section of the company's Web site, www.cns.com, and click on the Webcast icon. A replay of the annual meeting presentation will be available on the company's Web site following the meeting. About CNS, Inc. CNS, based in Minneapolis, designs and markets consumer health care products, including Breathe Right(R) nasal strips and FiberChoice(R) dietary fiber dietary fiber n. Coarse, indigestible plant matter, consisting primarily of polysaccharides, that when eaten stimulates intestinal peristalsis. supplements. The company focuses on products that address important consumer needs within the aging well/self-care market, including better breathing and digestive health. Its common stock is listed on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CNXS." More information about CNS and its products is available at www.cns.com. Some of the information contained in this news release is forward-looking and subject to certain business risks as described in the company's filings with the Securities and Exchange Commission, including those referred to in its Annual Report on Form 10-K for the year ended March 31, 2005. This news release contains forward-looking statements, which involve risks and uncertainties. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion