CHESTERFIELD, Mo., Aug. 6 /PRNewswire-FirstCall/ -- Reliv International,
Inc. (Nasdaq: RELV), an international manufacturer and network marketer of
nutritional supplements and other food technology products, today announced
its results of operations for the quarter and six months ended June 30, 2003.
The company reported strong increases in net sales and net income, driven by
the growth of its network marketing activities in the United States and other
key markets worldwide.
For the second quarter of 2003, Reliv reported net income available to
common shareholders totaling $909,000 (or $0.08 per share basic, or $0.07
diluted). This represents a 45 percent increase over the $625,000 in net
income (or $0.06 per share basic, $0.05 per share diluted), reported in the
For the six months ended June 30, 2003, the company reported net income
available to common shareholders of $1,886,000 (or $0.16 per share basic, or
$0.14 diluted), a 74 percent increase over the $1,084,000 (or $0.10 per share
basic, $0.09 diluted) in net income available to common shareholders reported
for the first half of 2002.
Reliv net sales also showed strong growth in the second quarter period,
and in the first half of 2003. Net sales totaled $17.8 million in 2Q 2003, up
16 percent from $15.4 million in the same period last year. For the first six
months of 2003, Reliv net sales surged to $36.4 million, an increase of 22
percent compared to $29.9 million in net sales for the first half of 2002.
Robert L. Montgomery, President and Chief Executive Officer of Reliv,
noted that sales in the United States -- the company's largest geographic
market -- continued to set the pace for the company. Net sales in the U.S.
grew 20 percent compared to 2Q 2002, he said, while the company's operations
in Mexico and Canada also reported double-digit percentage increases in sales
for the quarter.
Mr. Montgomery said, "Our strong second quarter results reflect the impact
of efforts to expand our network of independent distributors. We continue to
see growth in the recruitment of new distributors in key geographic markets
such as the United States, Canada and Mexico. We're also excited about the
potential for growth in Malaysia -- where we were recently licensed to begin
operations. All of these developments should provide a solid foundation for
continued growth in the months ahead."
Reliv International, Inc., based in suburban St. Louis (USA), manufactures
and distributes several lines of food products, including nutritional and
fiber supplements, diet management products, functional foods, sports drink
mixes and 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.
The Company will host an earnings conference call at 1:00 p.m. Eastern on
Wednesday, August 6, 2003. The call can be accessed via listen-only dial-in
conference lines by dialing 913-981-4900. A replay of this call will be
available by telephone from 3:00 p.m. Eastern until midnight by calling
719-457-0820 and using the password 241882. To listen to the live call, please
call at least 10 minutes before the scheduled conference call to register.