Pure World Controls Costs To Stem Losses for 1Q02

Pure World Controls Costs To Stem Losses for 1Q02

BEDMINSTER, N.J.--Pure World Inc. (NASDAQ:PURW) reported May 10that for its first quarter (1Q02), ended March 31, the company managed tocontrol company costs even in the face of decreased sales.

Net sales were down 14.2 percent to $3.6 million, while gross margin roseslightly to 13.1 percent of sales. Operating expenses held at around $1.1million, compared to 1Q01's $1.3 million. Net loss for the year improved to$594,000, or $.07 per share lost, compared to 1Q01's $687,000 loss, or $.08 pershare lost.

Although the company reported sales numbers were smaller than in the sameperiod last year, the net loss was benefited by company cost control measures.While competition remains intense for the company, Chairman Paul Koether stated,the company has introduced several weight-control products within its LeanLine^TM,including YerbaLean, BanabaLean, HydroxyLean and TheobromaLean.

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