CHESTERFIELD, Mo., May 4, 2005 /PRNewswire-FirstCall via COMTEX/ -- Reliv International, Inc. (RELV), an international manufacturer and network marketer of nutritional supplements and other food technology products, today announced its results of operations for the three months ended March 31, 2005.
Reliv produced a 26 percent gain in net income available to common shareholders during the first quarter of 2005, generating earnings of $2.06 million, or $0.12 per diluted share, compared to $1.63 million, or $0.10 per diluted share, in the same period last year. Reliv's worldwide net sales grew 23 percent during the first quarter of 2005, reaching $29.0 million -- up from the $23.5 million reported in the first quarter of 2004.
Commenting on the results of the quarter, Robert L. Montgomery, President and Chief Executive Officer of Reliv, stated, "Reliv's increased earnings are primarily attributable to the continued strong performance of its operations in its largest market, the United States -- where first quarter net sales grew 26 percent compared to the first quarter of 2004. This marks the 12th consecutive quarter in which Reliv's U.S. sales grew at least 20 percent compared to the prior-year period."
Sales from international markets advanced 4 percent -- with sales increases in Canada (up 14 percent), the Philippines (up 15 percent), the United Kingdom (up 16 percent) and Malaysia/Singapore (up 17 percent). First quarter sales also included sales from a new product -- CardioSentials(TM) -- introduced in February 2005. This new dietary supplement, shown through an independent clinical study to be safe and effective in supporting healthy cardiovascular function, generated over a million dollars in net sales during its initial roll-out period in the first quarter of 2005.
Mr. Montgomery commented further, "Even with our existing product line, Reliv has been performing at a very high level, thanks to the outstanding efforts of our independent distributors. It's exciting now to add our new CardioSentials(TM) product to our proven line-up of nutritional supplements -- providing one more tool to fuel our continued growth."
Mr. Montgomery also noted that Reliv continues to see strong results from its efforts to recruit new distributors for its marketing network. Reliv's worldwide distributor count was 14 percent higher on March 31, 2005 than it was at the same point last year.
"Work is proceeding on Reliv's expansion into Germany," Mr. Montgomery continued, "with sales planned to commence in the fall of 2005. We are excited about the level of distributor enthusiasm generated by this expansion and are eager to begin operations in this outstanding market."
About Reliv International:
Reliv International, Inc., based in suburban St. Louis, manufactures and distributes several lines of food products, including nutritional and fiber supplements, diet management products, functional foods, sports drink mixes and a line of premium skin care products. Its proprietary product lines include an extensive line of soy-based products. Reliv International's common stock trades on The Nasdaq Stock Market(R) under the symbol RELV.
NOTE: Any statement released by Reliv International, Inc. that is forward-looking is made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect Reliv's business prospect and performance. This includes economic, competitive, governmental, technological and other factors described in Reliv's filings with the SEC on forms 10-K and 10-Q.