Cosmetic Group U.S.A., Inc. Announces Marketing of Zegarelli Products on The Home Shopping Network.SUN VALLEY, Calif.--(BUSINESS WIRE)--Aug. 13, 1997-- Loss Expected for Second Quarter Cosmetic Group U.S.A., 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 : CUSA CUSA Conference USA (Collegiate Athletic Conference) CUSA Carleton University Students Association (Canada) CUSA Certified Utility Safety Administrator (US National Safety Council) ) has entered into a vendor relationship with The Home Shopping Network “HSN” redirects here. For other uses, see HSN (disambiguation). The Home Shopping Network (HSN) is a mostly 24-hour shopping network that is seen on cable, satellite, and some terrestrial channels in the United States. to incorporate the Zegarelli line of professional hair care products in its sales programming starting in September. "The program will introduce the Zegarelli line to The Home Shopping Home Shopping commonly refers to the electronic retailing / home shopping channels industry, which includes such billion dollar companies as HSN, QVC, eBay, ShopNBC, Buy.com, and Amazon.com. Network's audience in a live presentation of the many benefits of the products. Arnold Zegarelli will be appearing live to answer questions and demonstrate usage of the products. A program designed to showcase the products and techniques of Mr. Zegarelli has been developed," commented Alfred E. Booth, Jr., Chief Executive Officer of Cosmetic Group. The Zegarelli products will premier on September 10 and 11 on The Home Shopping Network. The company expects that the introduction of the Zegarelli line on The Home Shopping Network will provide significant additional distribution opportunities. "The company anticipates being able to make more definitive projections after reviewing detailed sales information provided by The Home Shopping Network shortly after the debut of the Zegarelli line," continued Booth. The company expects to report a significant loss for the three months ended June 30, 1997. This will be comprised of a significant loss for the continuing Zegarelli business and a substantially reduced profit on the contract packaging business. As previously reported Cosmetic Group has announced an asset purchase agreement whereby the company prosposes to sell the contract packaging assets and business. As a result the operations of this business and the Zegarelli hair care business will be reported separately. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: The statements which are not historical facts contained in this press release are forward looking statements that involve risks and uncertainties, including but not limited to, risks associated with the company's future growth and profitability, the ability of the Company to continue to successfully integrate its operations and the effect of general economic conditions and other risks detailed in the Company's Securities and Exchange Commission filings. CONTACT: Cosmetic Group U.S.A., Inc. Alfred E. Booth, Jr. or Jennifer Eggers Eggers may refer to:
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