AMS Health Sciences, Inc., (Amex: AMM), today announced a net�loss
from continuing operations for the third quarter 2006 of $583,299,
or $0.07 per common share, on 7.8 million shares outstanding.
Results for the three months ended September 30, 2006, including
discontinued operations, was a net loss of $635,774 or $0.08 per
common share, on 7.8 million shares outstanding. This compares to a
net loss of $513,868, or $0.07 per common share, on 7.5 million
shares outstanding in the third quarter of 2005. Sales totaled $2.3
million for the quarter�compared to sales of $2.6 million for the
quarter ended September 30, 2005. Sales for the first nine months
of the current fiscal year totaled $7.1 million compared to $10.2
million for the same period in 2005. Net loss for the first nine
months of 2006 was $1,104,989, or $0.14 per common share, on 7.8
million shares outstanding, compared to a net loss of $2,621,737,
or $0.36 per common share, on 7.2 million shares outstanding, in
the year 2005. Cost of sales in the third quarter of 2006 decreased
by $342,939 to $1,422,788, or 61.2% of net sales. During the same
period in 2005, cost of sales was $1,765,727, or 67.2% of net
sales. Cost of sales in the first nine months of 2006 decreased by
$3,225,108 to $4,475,427, or 63.3% of net sales, compared to cost
of sales of $7,700,535, or 75.7% of net sales, in the same period
of 2005. �The key element to focus on is our profit from continuing
operations in the first six months of 2006 of $52,017 versus a loss
in the same period of 2005 of $2,107,869. We continue to establish
the fact that we can make a profit in our core operations. We have
eliminated many of the detractors that hurt us in 2005 and early
2006 and can now turn all of our efforts to driving top of line
sales and bottom line profits. During the third quarter, we
incurred the cost for our annual convention, settled the last
lawsuit dealing with ephedra, hired a professional branding company
to help with the launch of our new binary compensation program and
started a pro-active effort to market the stock of the Company. All
of these efforts and initiatives increased our administrative costs
by $369,000 in the third quarter but are expected to pay dividends
in the future. Also in the third quarter, we incurred interest
expense and loan amortization costs of $205,000 related to our new
financing incurred to jumpstart our sales efforts. If you consider
this total additional cost of $574,000 for the quarter and compare
that to our loss from continuing operation of $583,000, you will
understand that we are basically at a breakeven for the quarter on
our normal, core business of selling nutritional supplements. �The
life blood of any network marketing company is recruiting. In the
third quarter of 2005, we recruited 1,205 new associates. In the
third quarter of 2006, we recruited 2,343, or a 94.4% increase over
the prior year. Currently, the fourth quarter is producing the same
type results; October 2006 recruiting was up 46.7% over October
2005, and collectively for the fourth quarter of 2006, we are up
33.8% over fourth quarter of 2005,� said Dr. Jerry W. Grizzle,
Chairman and CEO. AMS Health Sciences, Inc., sells more than 60
natural nutritional supplements, weight management products, and
natural skincare products through independent distributors across
the U.S. and Canada. More information about the Company is
available at http://www.amsonline.com. AMS Health Sciences, Inc.,
(Amex: AMM), today announced a net loss from continuing operations
for the third quarter 2006 of $583,299, or $0.07 per common share,
on 7.8 million shares outstanding. Results for the three months
ended September 30, 2006, including discontinued operations, was a
net loss of $635,774 or $0.08 per common share, on 7.8 million
shares outstanding. This compares to a net loss of $513,868, or
$0.07 per common share, on 7.5 million shares outstanding in the
third quarter of 2005. Sales totaled $2.3 million for the quarter
compared to sales of $2.6 million for the quarter ended September
30, 2005. Sales for the first nine months of the current fiscal
year totaled $7.1 million compared to $10.2 million for the same
period in 2005. Net loss for the first nine months of 2006 was
$1,104,989, or $0.14 per common share, on 7.8 million shares
outstanding, compared to a net loss of $2,621,737, or $0.36 per
common share, on 7.2 million shares outstanding, in the year 2005.
Cost of sales in the third quarter of 2006 decreased by $342,939 to
$1,422,788, or 61.2% of net sales. During the same period in 2005,
cost of sales was $1,765,727, or 67.2% of net sales. Cost of sales
in the first nine months of 2006 decreased by $3,225,108 to
$4,475,427, or 63.3% of net sales, compared to cost of sales of
$7,700,535, or 75.7% of net sales, in the same period of 2005. "The
key element to focus on is our profit from continuing operations in
the first six months of 2006 of $52,017 versus a loss in the same
period of 2005 of $2,107,869. We continue to establish the fact
that we can make a profit in our core operations. We have
eliminated many of the detractors that hurt us in 2005 and early
2006 and can now turn all of our efforts to driving top of line
sales and bottom line profits. During the third quarter, we
incurred the cost for our annual convention, settled the last
lawsuit dealing with ephedra, hired a professional branding company
to help with the launch of our new binary compensation program and
started a pro-active effort to market the stock of the Company. All
of these efforts and initiatives increased our administrative costs
by $369,000 in the third quarter but are expected to pay dividends
in the future. Also in the third quarter, we incurred interest
expense and loan amortization costs of $205,000 related to our new
financing incurred to jumpstart our sales efforts. If you consider
this total additional cost of $574,000 for the quarter and compare
that to our loss from continuing operation of $583,000, you will
understand that we are basically at a breakeven for the quarter on
our normal, core business of selling nutritional supplements. "The
life blood of any network marketing company is recruiting. In the
third quarter of 2005, we recruited 1,205 new associates. In the
third quarter of 2006, we recruited 2,343, or a 94.4% increase over
the prior year. Currently, the fourth quarter is producing the same
type results; October 2006 recruiting was up 46.7% over October
2005, and collectively for the fourth quarter of 2006, we are up
33.8% over fourth quarter of 2005," said Dr. Jerry W. Grizzle,
Chairman and CEO. AMS Health Sciences, Inc., sells more than 60
natural nutritional supplements, weight management products, and
natural skincare products through independent distributors across
the U.S. and Canada. More information about the Company is
available at http://www.amsonline.com.
Safety First Trust Principal-Protected Trust Certificates Linked TO The S&P 500 Index (AMEX:AMM)
Historical Stock Chart
From Nov 2024 to Dec 2024
Safety First Trust Principal-Protected Trust Certificates Linked TO The S&P 500 Index (AMEX:AMM)
Historical Stock Chart
From Dec 2023 to Dec 2024