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News
September 16, 2008 | Press ReleaseeFoodSafety.com, Inc. Reports First Cash Positive Profit in Company History
September 03, 2008 | Press ReleaseeFoodSafety Commences Marketing Campaign for Cinnechol™ with National Radio Blitz
August 21, 2008 | Press ReleaseeFoodSafety Finalizes Marketing Program for Cinnergen™ and Cinnechol™
June 26, 2008 | Press ReleaseeFoodSafety’s OraPhyte™ Patent Granted by U.S. Patent and Trademark Office
News
eFoodSafety.com, Inc. Reports First Cash Positive Profit in Company History
September 16, 2008 |Press Release
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--eFoodSafety.com, Inc. (OTCBB: EFSF), a researcher, developer, and marketer of whole foods and nutraceutical products, announced today the results for the first quarter ended July 31, 2008.
The Company was able to report on a cash basis a profit of $5,403, exhibited a slight sales increase, improved gross profit margins by nearly 50%, and dramatically reduced sales and marketing expenses, as well as research and development expenses. Overall, as reported on the Company’s Form 10-QSB, EFSF reported a total non-cash loss for the quarter of $504,029, which was comprised of non-cash expenditures, including $498,626 in stock for services and the balance in depreciation.
“We are pleased that we continue to increase sales and reduce expenses and to manage our resources effectively in an extremely challenging economic environment. We anticipate increases in revenue next quarter with the launch of the Cinnechol and Cinnergen marketing campaigns and we will continue to carefully monitor expenses and working capital,” stated Patricia Gruden, Chairman and CEO of eFoodSafety.com, Inc.
The Company is further pleased to announce to its shareholders that our current cash position remains strong without any debt. Our current assets exceed our liabilities by $3,322,994, which in its current status, is indicative of a company fully sufficient to maintain operations and projected future growth.
About eFoodSafety.com
eFoodSafety.com, Inc., based in Scottsdale, Arizona, is dedicated to improving health conditions around the world through its innovative technologies. Among the eFoodSafety products currently available:
Citroxin™: an environmentally safe product formulated entirely of food-grade components that kills six major bacteria as well as avian influenza.
Cinnergen™: made with clinically researched ingredients, this non-prescription liquid whole food nutritional supplement promotes healthy glucose metabolism.
Cinnechol™: a multi-faceted nutritional supplement specifically designed to naturally promote healthy cholesterol and triglyceride levels without causing any negative side effects, as well as enhance overall cardiovascular health.
PurEffect™: an anti-acne skin care system.
Immune Boost Bar™: a non-dairy, no refined sugar, all-natural and comprehensive multi-nutrient product that helps fortify the body’s immune system and is available in four delicious flavors: chocolate, oatmeal-raisin, chocolate mint and peanut butter.
Talsyn™: a product that has been clinically proven to facilitate and improve the appearance, redness, and strength of scars.
Please visit the company’s website at: http://www.efoodsafety.com.
Safe Harbor Forward-Looking Statements
Statements contained in this release that are not strictly historical are “forward-looking statements.” Such forward-looking statements are sometimes identified by words such as “intends,” “anticipates,” “believes,” “expects,” and “hopes.” The forward-looking statements are made based on information available as of the date hereof, and the Company assumes no obligation to update such forward-looking statements. Editors and investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause the Company’s actual results to differ materially from those in these forward-looking statements. Such risks and uncertainties include, but are not limited to, demand for the Company’s products and services, our ability to continue to develop markets, general economic conditions, our ability to secure additional financing for the Company and other factors that may be more fully described in reports to shareholders and periodic filings with the Securities and Exchange Commission.
