MusclePharm Enters Into Fulfillment Agreement With IVitals
MusclePharm(NYSE:R) Corporation (OTCBB:MSLP), one of the fastest growing nutritional supplement companies in the United States, announced a fulfillment agreement with IVitals that is expected to improve cash flow, reduce backorders, improve turnaround time on all orders and allow management to focus its time and resources on the marketing and selling of MusclePharm's growing portfolio of products.
The Company expects to achieve over $4 million in sales for the full year of 2010, which is over 300% growth compared to the same period last year. The rapid growth and strong customer demand for the MusclePharm products has created back orders for 5 of the 12 months in 2010. The new fulfillment agreement is expect to greatly improve the back orders for the remainder of 2010 and reduce the insufficient levels of stock needed to complete all orders.
MusclePharm's President, Cory Gregory stated, "This fulfillment agreement will reduce the cost and delivery time for all product shipments to our many retail and online customers. In addition, by outsourcing our fulfillment function, management will be able to focus our time and resources on expanding sales opportunities and enhancing our brand."
Mr. Gregory continued, "With rapid growth of 300% come a few growing pains such as back orders. I am pleased that we expect to achieve this growth in 2010 despite having 40% of our orders on back-order. However, with this fulfillment agreement, we have greatly improved our operating platform and believe we have rectified our back order situation. With a dramatically improved operating platform and leading nutritional supplements that are 100% free of any banned substances we are very well positioned for continued strong growth in 2011."
Headquartered in Denver, Colorado, MusclePharm is a rapidly expanding healthy life-style company that develops and manufactures a full line of NSF and scientifically approved, nutritional supplements that are 100% free of any banned substances. Based on years of research, MusclePharm products are created through an advanced six-stage research protocol involving the expertise of top nutritional scientists and field tested by more than 100 elite professional athletes from various sports including the NFL, MMA, and MLB.
The Company's propriety and award winning products address all categories of an active lifestyle including muscle building, weight loss, and maintaining general fitness through a daily nutritional supplement regimen. MusclePharm is sold in over 120 countries and available in over 5,000 US retail outlets that include GNC, and Vitamin Shoppe, as well as over 100 online stores, including bodybuilding.com, Amazon and Vitacost.com.
GreenHouse Holdings, Inc. (Pinksheets:GRHU), a San Diego, California-based integrated energy solutions provider and developer of eco-friendly infrastructure, reported the results of operations for the third quarter of Fiscal Year 2010 and is providing a shareholder update.
Revenues for the three months ended September 30, 2010 were approximately $1,724,000 compared to approximately $1,671,000 for the three months ended September 30, 2009, an increase of approximately $53,000 or 3%. This increase was due to increased sales of our energy efficient products and services to residential customers as a result of our expansion of our sales and marketing infrastructure.
Gross profit percentage decreased from 43% for the three months ended September 30, 2009 to 37% for the three months ended September 30, 2010 due to normal fluctuations in the sales mix of products and services.
During the three months ended September 30, 2010, the Company received signed contracts totaling approximately $2,312,000, its highest quarterly amount through September 30, 2010, resulting in a backlog of $1,501,000 as of September 30, 2010.
Operating expenses for the three months ended September 30, 2010 were approximately $1,605,000 compared to approximately $1,053,000 for the three months ended September 30, 2009, an increase of approximately $552,000. Approximately $354,000 of this increase was due to the increase in the number of employees to support our growth, and the related payroll burden costs.
Interest expense for the three months ended September 30, 2010 was approximately $29,000 compared to approximately $27,000 for the three months ended September 30, 2009, an increase of approximately $2,000.
As a result, net loss was approximately $991,000 for the three months ended September 30, 2010 compared to a net loss of approximately $363,000 for the three months ended September 30, 2009.
GreenHouse Holdings, Inc. is a San Diego, California based integrator of some of the world’s most innovative environmental, public safety, infrastructure technologies. GreenHouse provides systems that are financially sound and sustainable to residential, commercial, and industrial and government markets around the globe. GreenHouse provides energy-efficiency products, energy management systems, eco-friendly infrastructure, scalable waste-to-fuel bio-fuel and closed loop systems, as well as other proprietary technologies and products that are utilized to provide a greener and safer future for millions of people. Other flagship products and solutions include the Green Village, R.A.P.S., and One Link.
For more information, please visit: www.greenhouseintl.com
Corporate Universe Inc. Unveils Operations and Expansion Plans
Corporate Universe Inc. (Pink Sheets:COUV) is pleased to announce the following corporate and operational matters to its shareholders and followers.
- COUV is opening its new corporate office at 3771 Nesconset Highway, South Setauket, NY, effective October 4, 2010. The new office will allow the Company to operate all of its divisions and subsidiaries in a centrally located place. Manhattan Transfer Registrar Company will continue to be located in Miller Place.
- Now that the corporate changes are fully implemented, including the name change to Corporate Universe Inc., trading under the symbol (Pink Sheets:COUV), and the forward split of 10 new shares for each old share of common stock, the company is ready for business and intends to keep its followers advised on a timely basis.
COUV corporate website, www.corp-universe.com, went live just recently, and has officially been launched!
The management will continue to update and improve it over the coming weeks.
John Ahearn, President, stated, “In a few short weeks we have made great strides in getting our company reorganized and moving forward.
I believe that many great things are in store for Corporate Universe Inc. in the future and all of us are working very hard and diligently to make it happen.
As part of our growth strategy COUV intends to grow the company both organically and through mergers of successful companies in our business industry or business space.
More updates will be provided shortly!!
Knight Transportation, Inc. (NYSE:KNX) announced that its Board of Directors has declared the company’s quarterly cash dividend of $0.06 per share of common stock. This quarterly dividend is pursuant to a cash dividend policy approved by the Board of Directors. The actual declaration of future cash dividends, and the establishment of record and payment dates, is subject to final determination by the Board of Directors each quarter after its review of the company’s financial performance. The company’s dividend is payable to shareholders of record on December 3, 2010 and is expected to be paid on December 23, 2010.
Knight Transportation, Inc., together with its subsidiaries, operates as a short to medium-haul truckload carrier of general commodities in the United States.
Waste Connections, Inc. (NYSE:WCN) announced that its Board of Directors has authorized a three-for-two split of its common stock, in the form of a 50% stock dividend, paid on November 12, 2010, to stockholders of record as of October 29, 2010. To effect the 3-for-2 stock split, one additional share of the Company's common stock was issued on November 12, 2010 for every two shares of common stock held by stockholders of record as of the close of business on October 29, 2010.
Waste Connections, Inc., an integrated solid waste services company, provides solid waste collection, transfer, disposal, and recycling services.
Bridge Bancorp, Inc. (Nasdaq:BDGE), announced net income and earnings per share for the third quarter of 2010. Highlights for the quarter include:
* Net income of $2.4 million or $.38 per share, 3% higher than the comparable 2009 period.
* Returns on average assets and equity of .94% and 15.58%, respectively.
* Net interest income of $9.4 million, with a net interest margin of 4.09%.
* Total assets exceeded $1 billion at September 30, 2010.
Bridge Bancorp, Inc. operates as the holding company for The Bridgehampton National Bank that provides a range of commercial and consumer banking services in eastern Long Island, New York.
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