BEDMINSTER, N.J.--(BUSINESS WIRE)--Nov. 10, 2003--PURE WORLD, INC., (PURW-NASDAQ) ("Pure World" or the "Company") today announced that revenues for the third quarter ended September 30, 2003 were $5,286,000, an increase of approximately $955,000 or 22% from revenues of $4,331,000 in the third quarter ended September 30, 2002. Net income for the third quarter of 2003, was $66,000 ($.01 per share) compared to a net loss of $979,000 ($.13 per share) reported during the comparable quarter in 2002.
For the nine months ended September 30, 2003, revenues were $17,352,000 with net income of $375,000 ($.05 per share) compared to revenues of $12,262,000 with a net loss of $2,058,000 ($.26 per share) in the same period of the prior year.
Pure World has 7,513,624 shares of common stock outstanding.
This release contains forward-looking statements which may involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results and performance in future periods to be materially different from any future results or performance suggested by these statements. Pure World cautions investors not to place undue reliance on forward-looking statements, which speak only to management's expectations on this date. The per share earnings in the text of the news release are diluted earnings per share.