CortDev, Inc. Releases Financial Projections of Botaniex Inc.; Botaniex Inc. Projects Fiscal 2005 Revenue of over $2,000,000.HOUSTON -- CortDev, Inc. (CDVJ: Pink Sheets), today released the financial projections of Botaniex Inc., following its acquisition of the Company. Botaniex Inc. projects fiscal 2005 net income of approximately $500,000 on revenue of $2,300,000. The Company forecasts net income and revenue growth of over 80% and 160% respectively from fiscal 2005 to 2006. Furthermore, Botaniex projects that in fiscal 2007 the Company will generate close to $7,000,000 in revenue and earn over $2,600,000 on a net basis. Based on these financial projections from fiscal 2005 to 2007, Botaniex Inc. will achieve growth rates Growth Rates The compounded annualized rate of growth of a company's revenues, earnings, dividends, or other figures. Notes: Remember, historically high growth rates don't always mean a high rate of growth looking into the future. of approximately 200% in revenue and 400% in net income. The above conservative financial projections are based on Botaniex Inc.'s existing customer base and innovative product portfolio. Botaniex's growth strategy centres on the competitive advantage of its leading-edge botanical bo·tan·i·cal also bo·tan·ic adj. 1. Of or relating to plants or plant life. 2. Of or relating to the science of botany. n. extraction technology and its extensive expertise in the sales and marketing of herbal extracts Herbal extract is a liquid solution of herbs and alcohol. The dried or fresh herbs are combined with alcohol, then the solid matter is removed leaving only the oils of the herbs mixed with the alcohol. This process is called extraction, hence the name, herbal extract. . The Company's main source of revenue is derived from the sale of herbal herbal, early botanical book containing descriptions and illustrations of herbs and plants with their properties, chiefly those qualities that made them useful as medicines or condiments. Most of the herbals were written between c.1470 and c. ingredients to major international dietary supplement Noun 1. dietary supplement - something added to complete a diet or to make up for a dietary deficiency diet - a prescribed selection of foods vitamin pill - a pill containing one or more vitamins; taken as a dietary supplement manufacturers. Key products that will drive the rapid sales and net income growth of Botaniex include Luo Han Kuo, a natural sweetener Sweetener A special feature added to a debt obligation or preferred stock to promote marketability. Notes: Warrants and convertibles are two popular sweeteners. See also: Convertible Bond, Kicker, Warrant Sweetener that is an ideal replacement for sugar and functions as an anti-diabetic, which has a sizeable market of more than 300 million people worldwide that are currently at risk of developing diabetes. Another innovative product that is manufactured with the Company's patent-pending technology is 5-HTP PureMax, an extract from South Africa's Griffonia simplicifolia seed, which functions as an anti-depressant and weight loss agent. Demand for Botaniex Inc.'s products is expected to rise significantly in the next couple of years capitalizing on the rapid expansion of the nutraceuticals and functional foods market from about $6 billion in 1999 to nearly $11 billion in 2004; representing a sharp increase of 83% over the past five years. The Company plans to expand its operations and asset-base in China and overseas to meet the rising global demand for its products and profit from the prevailing favorable fa·vor·a·ble adj. 1. Advantageous; helpful: favorable winds. 2. Encouraging; propitious: a favorable diagnosis. 3. market trends. About Botaniex Inc. Botaniex Inc. is a leading manufacturer of botanical extracts in China, serving the industries of dietary supplements, functional beverage, functional foods, cosmetic/personal care and pharmaceuticals. The Company's product line is broad, ranging from tea extracts and essential oils to other herbal extracts. Botaniex not only provides customized ingredients, but also offers value-added services A value-added service (VAS) is a telecommunications industry term for non-core services or, in short, all services beyond standard voice calls and fax transmissions. for its customers and/or business partners. The Company is in the process of expanding its operations, including its client and asset-base, in Asia and overseas. Botaniex's goal is to become a major player in the multi-billion dollar global herbal products industry. For further information visit the Corporate website at www.botaniex.com. For more information please contact current CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , until the completion of the name change, Andrea Cortellazzi at 514-288-9699. 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. Please be advised that statements made herein, other than historical data, constitute forward-looking statements that involve risks and uncertainties that could cause actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, potential volatility in the company's stock price, increased competition, customer acceptance of new products and services offered by the company, and uncertainty of future revenue and profitability and fluctuations in its quarterly operating results. Please also be advised that the company's stock is not currently registered with the Securities and Exchange Commission. |
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