SOHM, Inc. has announced its financial results for the first quarter ended March 31, 2010. Revenues for the three months ended March 31, 2010 increased over 600% to $200,324 compared to $29,598 in the first quarter of 2009. Management believes SOHM, India's manufacturing infrastructure is in place to substantially grow sales of its private label generic pharmaceutical and nutraceutical product lines. The Company anticipates a strong second quarter and is well positioned for record quarters for the rest of 2010.
"We expect continued growth in 2010 from our large distributor networks as they continue to implement a new growth strategy, introduced late last year, to expand sales of our private-label generic pharmaceutical and nutraceutical products," stated Shailesh Shah, Vice President for Corporate Strategy at SOHM, Inc. "We also expect growth with our global distributors as our products gain a more prominent presence in the pharmaceutical markets in South East Asia and Africa."
About SOHM, Inc.
SOHM, Inc. is a generic pharmaceutical manufacturer that produces and markets generic drugs covering all major treatment categories. Global headquarters are located in North America with manufacturing sites in India. Generic pharmaceuticals are exported globally with a focus on distribution in emerging markets in Africa, Latin America, and Southeast Asia. http://www.sohm.com/
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of SOHM, Inc., and members of their management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.