CHARLOTTE, N.C., June 5, 2012 /PRNewswire/ -- Organic Plant
Health, Inc. (OTCQB: OPHI), an exclusive manufacturer and
distributor of organic-based fertilizers and soil conditioners and
pest controls, is pleased to provide an update on its operations
for the quarter ended March 31,
2012.
On May 21, 2012 the company filed
its Form 10-Q with the Securities and Exchange Commission for the
quarter ending March 31, 2012. The complete filing can be
accessed on www.sec.gov.
For the first quarter of 2012, Organic Plant Health Inc.
realized improvement in the following areas over the same period
last year:
- 12% increase on gross sales of $251,169
- 13% increase on gross profits of $170,525
- 14% reduction on operating expenses of $174,898
- 92% reduction on operational losses of ($4,373)
- 60% reduction in net losses, from interest expense of
($28,979)
"We are extremely pleased with the progress we have realized and
even more so in the direction that our company is headed," stated
President and CEO of Organic Plant Health, Billy Styles. "While we will never be
completely content with where we are, we are very happy to be
experiencing growth at a time when the national economic conditions
are not ideal. Our management team feels that our most difficult
times are behind us and we are currently positioned to continue to
experience significant growth."
Mr. Styles further commented, "Over the past 12 to 18 months we
have proceeded with great caution and elected not to pursue some
potential opportunities out of concern for the possibility of
stretching ourselves to thin. Because of that cautious
posture last year, our company is in a much stronger position this
year, and we are now able to seize new opportunities before us with
confidence. We expect to move aggressively on our plans for growth
and expansion throughout the current quarter and into the 3rd
quarter 2012. The projects we have planned and expect to announce
throughout the year should bring about significant revenue growth
over the next 6 to 12 months and beyond."
Among the action items the company plans to address is the
hiring of a National Sales Manager. After a thorough search,
company management has identified its top candidate and hopes to
finalize the hiring process and make an announcement in the next
few weeks.
Mr. Styles concluded, "We are very excited about this
development and are looking forward to finalizing the process and
introducing our new National Sales Manager to our
shareholders."
About Organic Plant Health
Based in Charlotte, NC,
Organic Plant Health (OPH), provides organic-based, natural and
environmentally responsible fertilizers, soil conditioners,
herbicides, insecticides and fungicides for the continual care of
residential and commercial landscapes.
Organic Plant Health brand products are currently sold in a
variety of independent retail locations across North and
South Carolina, including hardware
stores, garden centers and plant nurseries. Key customers
using Organic Plant Health products include environmentally
conscious do-it-yourself homeowners and commercial landscape
companies; secondary markets served include real estate development
companies, vineyards and agriculture.
This press release contains "forward-looking statements" within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. You are cautioned that such statements are
subject to a multitude of risks and uncertainties that could cause
future circumstances, events, or results to differ materially from
those projected in the forward-looking statements as a result of
various factors, and other risks. You should consider these factors
in evaluating the forward-looking statements included herein, and
not place undue reliance on such statements. The forward-looking
statements in this release are made as of the date hereof and
Organic Plant Health takes no obligation to update such
statements.
CONTACT:
Investor Relations:
Ph. (704) 745-OPHI (6744)
E-mail: investorrelations@organicplanthealth.com
Facebook: www.facebook.com/organicplanthealth
YouTube: www.youtube.com/organicplanthealth
SOURCE Organic Plant Health, Inc.