Reliv U.S. Sales Boost Record Pace
May 29, 2006
Reliv U.S. Sales Boost Record Pace
CHESTERFIELD, Mo.Reliv International Inc. (NASDAQ:RELV) reportedsingle quarter record sales and earnings for its first quarter, as strongdomestic sales more than offset lagging international markets. Worldwide, sales grew 8 percent to $31.2 million, and net income increased 19percent to $2.45 million or $0.15 per diluted share. Sales in the United States,the companys largest market, jumped 10 percent in the quarter, whileinternational sales fell by 11 percentthe only overseas markets postingquarter growth were the United Kingdom (63 percent) and Australia/New Zealand(less than 1 percent).
We are pleased that sales continue to grow at a healthy pace in the UnitedStates, and that our efforts to improve margins and control costs have produceda significant improvement in our net income performance, said Robert Montgomery, president and chief executive officer (CEO). The positive sales trends in the United Kingdom and Australia are evidencethat our international strategy introduced in 2005 is beginning to take hold;and we are confident the Reliv success system can work as well in internationalmarkets as it does in the United States. Montgomery further noted the companywill focus on distributor recruitment at all levels and international salesdevelopment in current markets in 2006. To this end, he said, Reliv(www.reliv.com) plans to invest additional resources in marketing programs tohelp spur distributor recruitment.
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