Advantage Marketing Systems Announces Year-End Financial Results and 2004 Projection
March 25 2004 - 4:30PM
PR Newswire (US)
Advantage Marketing Systems Announces Year-End Financial Results
and 2004 Projection Financial Guidance: 2004 Q1 Earnings
Projection: $.01-.02/Share and Full Year Earnings Projection:
$.10-.30/Share OKLAHOMA CITY, March 25 /PRNewswire-FirstCall/ --
Advantage Marketing Systems, Inc., , today announced net sales of
$18.5 million for the year ended December 31, 2003 compared to
sales of $22.3 million for the year ended December 31, 2002, a 17.1
percent decrease. Net loss for 2003 was $2.6 million, or $(0.57)
per common (diluted) share, on 4.5 million shares outstanding,
compared to net loss of $3.2 million, or $(0.73) per common
(diluted) share, on 4.4 million shares outstanding in the year
2002. The loss marks the completion of the 2003 restructuring year
and the beginning of the business execution for 2004, which started
with the completion of our warrant redemption in January and the
initiation of our customer acquisition program on March 6, 2004.
The March first month goal for the acquisition program was 1,500
new customer signups. As of March 24, the first month goal has been
surpassed with a total of over 2,000 new customer signups. Cash and
cash equivalents at December 31, 2003 totaled $2,309,281 compared
to $1,207,299 at December 31, 2002. The quick ratio of assets to
liabilities was 3:1, compared to 3:2 at December 31, 2002, while
shareholders' equity at December 31, 2003 was $8.3 million. A
substantial improvement is expected in 2004 with net sales
projected for the year of $23.5 million. Earnings for the first
quarter are expected to be $.01 - $.02 cents per share with annual
earnings in the $.10 - $.30 cents per share range. "With the
restructuring complete, a virtually debt free balance sheet and a
strong cash position, we are clearly focused on 2004 sales
execution," said AMS President David D'Arcangelo. "With a base of
over 16,000 customers and associates on monthly product auto ship
averaging $61 per order, our goal is to expand the success of our
new customer acquisition program, which produced 2,000 new
customers in the first 18 days, and continue to execute delivering
profitability in the first quarter and the year 2004." Advantage
Marketing Systems, Inc., sells more than 75 natural nutritional
supplements,weight management products, and natural skincare and
cosmetics, including the world's number-one all-natural human
performance enhancer, Prime One and the weight loss products which
the company to date has sold over 500 million servings through AMS
independent associates across the U.S. and Canada. More information
about the Company is available at http://www.amsonline.com/ .
Certain statements in this release may constitute "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. Certain, but not necessarily all, of such
forward-looking statements can be identified by the use of
forward-looking terminology such as "anticipates," "believes,"
"expects," "may," "will," or "should" or other variations thereon,
or by discussions of strategies that involve risks and
uncertainties. The actual results of the Company or industry
results may be materially different from any future results
expressed or implied by such forward-looking statements. CONTACT:
Suzanne Smith 405/419-4955 DATASOURCE: Advantage Marketing Systems,
Inc. CONTACT: Suzanne Smith of Advantage Marketing Systems, Inc.,
+1-405-419-4955 Web site: http://www.amsonline.com/
Copyright
Safety First Trust Principal-Protected Trust Certificates Linked TO The S&P 500 Index (AMEX:AMM)
Historical Stock Chart
From Feb 2025 to Mar 2025
Safety First Trust Principal-Protected Trust Certificates Linked TO The S&P 500 Index (AMEX:AMM)
Historical Stock Chart
From Mar 2024 to Mar 2025