Advantage Marketing Systems Announces First Quarter 2004 Financial Results and Projection
May 11 2004 - 5:00PM
PR Newswire (US)
Advantage Marketing Systems Announces First Quarter 2004 Financial
Results and Projection Financial Guidance: 2004 Q2 Earnings
Projection: $.01-.02/share and Full Year Earnings Projection:
$.10-.30/share OKLAHOMA CITY, May 11 /PRNewswire-FirstCall/ --
Advantage Marketing Systems, Inc., , today announced net income for
the first quarter 2004 of $54,068, or $0.01 per common (diluted)
share, on 7.9 million shares outstanding, compared to a net loss of
$270,740, or $(0.06) per common (diluted) share, on 4.4 million
shares outstanding in the first quarter of 2003. Sales totaled $4.5
million for the quarter compared to sales of $4.6 million for the
quarter ended March 31, 2003 and sales of $4.3 million for the
quarter ended December 31,2003. Cash and Marketable Securities at
March 31, 2004 totaled $6.3 million compared to $4.2 million at
December 31, 2003. The quick ratio of assets to liabilities was
8:1, compared to 3:1 at December 31, 2003, while shareholders'
equity at March 31, 2004 was $12.5 million. In January of 2004, we
completed the redemption of all our 1997-A warrants, Redeemable
Common Stock Purchase Warrants and Underwriter's Warrants. A
portion of the proceeds from our warrant redemption was used to
repay all our current and long-term debt, making us a debt-free
company. "We are clearly focused on 2004 sales execution, and are
expanding our marketing effort," said AMS President David
D'Arcangelo. "We continue to see success with our preferred
customer free trial program, as evidenced by 3,414 new auto
shipments in March and 3,732 in April, as we work to expand our net
new monthly recurring auto ship customers." Advantage Marketing
Systems, Inc. sells more than 60 natural nutritional supplements,
weight management products, and natural skincare including the
world's number-one all-natural stress reliever, Prime One, through
independent distributors 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/
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