Whole Living Discloses 2Q04 Results

Whole Living Discloses 2Q04 Results

PROVO, UtahWhole Living Inc.(NASDAQ:WLIV) released its financial results for the second fiscal quarter endedJune 30 (2Q04).

Revenues for 2Q04 were $1.8 million with a net loss of$484,153, compared to revenues of $2.8 million and a net loss of $754,087 in thesecond quarter of 2003 (2Q03).

Sharm Smith, chief financial officer, said, Obviously, weare disappointed with the quarter results. However, with these final changesbeing implemented and the last of the capital investment needed in order toautomate and facilitate the growth that we have experienced in the past, andexpect to experience under our new model, we believe that the balance of 2004will bring us profitable growth to both our top and bottom line revenues. Ourmanagement team is very excited for our future.

Also in 2Q04, the company launched a new business model,ecommerce software and its Food First Leader program for its distributors;entered the condiment market and added five new varieties to its line of instantsoups.