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Infotopia, Inc. Announces Revenues of $37.5 Million for Second Quarter; Year-to-Date EPS at $1.26 Per Share.
Business/Technology Editors
CANFIELD, Ohio--(BUSINESS WIRE)--Aug. 14, 2001
Infotopia, Inc. (OTC BB:IFTA) ("Infotopia" or the "Company"), today announced its revenues and earnings for the second quarter ended June 30, 2001.
Gross revenues for the three-month period were $37.5 million compared with $0.7 million for the same period one year ago. Net income for the second quarter ended June 30, 2001 was $1.5 million, or $0.47 per diluted share, compared to a loss of ($21.90) per diluted share.
Year-to-date gross revenue is $60.3 million, with a net income of $2.7 million. Earnings per share (EPS) for the six-month period are $1.26 per diluted share.
The Company noted that the majority of its revenue for the second quarter of 2001 was derived from the extraordinary success of the Body by Jake Bun and Thigh Rocker, Total Tiger, and the Six Week Body Makeover. Additional revenue was derived from ongoing sales of the Ultimate Slimming Formula, Total Trim, Fat Fighting System, the Medicus Dual 2000 and the Backstroke.
Ernest Zavarol, President, states, "Infotopia continued to increase its position in the consumer health and fitness markets. We are quite pleased with the sustained growth we are experiencing each quarter and anticipate an even stronger third quarter with the fall retail rollout of our fitness products."
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Source: HighBeam Research, Infotopia, Inc. Announces Revenues of $37.5 Million for Second...