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8-K - FORM 8-K - CCA INDUSTRIES INC | c15681e8vk.htm |
EXHIBIT 99.1
Company Contact:
Dunnan D. Edell
Chief Executive Officer
800 524-2720
Dunnan D. Edell
Chief Executive Officer
800 524-2720
FOR IMMEDIATE RELEASE
CCA INDUSTRIES, INC. REPORTS FIRST QUARTER RESULTS
East Rutherford, NJ, April 15, 2011: CCA Industries, Inc. (NYSE Amex: CAW) announced today that
it had total revenues for the first quarter of 2011 of $12,571,106, and net income of $343,105.
Total revenues for the first quarter of 2010 were $13,198,285 and net income was $541,554. Basic
and fully diluted earnings per share were $0.05 for the first quarter of 2011 as compared to
earnings of $0.08 for the first quarter of 2010.
Under my watch as the new CEO, the Company is revitalizing its marketing strategies for its core
brands that will be implemented over the next year. We have a number of new product initiatives in
the 2011 fiscal year that have generated some very positive response from our retail partners. We
anticipate that those initiatives together with a reinvigorated media advertising program will lead
to strengthening the sales and bottom line of our Company over the course of the year. We have set
a goal of substantially increasing our sales over the next two years, in alignment with the
objective of increasing and enhancing shareholder value, stated Dunnan Edell, President and Chief
Executive Officer. I am very encouraged that we can accomplish our goal with our excellent
financial liquidity in addition to our strong and dedicated personnel. We have also identified
acquisition targets that could expedite reaching our sales target. The management and board of
directors are still committed to our record of providing quarterly dividends for our shareholders,
Edell continued.
CCA Industries Inc. manufactures and markets health and beauty aids, each under its individual
brand name. The products include, principally, Plus+White toothpastes and teeth whiteners,
Mega-T Green Tea diet supplements, Mega-T Green Tea gum and mint products, Bikini Zone
medicated topical and shave gels, Nutra Nail nail care treatments, Scar Zone scar treatment
products, Sudden Change anti-aging skin care products, Parfume de Vanille fragrances, Solar
Sense sun protection products, Hair Off hair removal and depilatory products, Wash N Curl
shampoos and conditioners and Pain Bust RII an analgesic product.
Statements contained in the news release that are not historical facts are forward looking
statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are subject to risks and uncertainties, which would cause actual results
to differ materially form estimated results. Such risks and uncertainties are detailed in the
Companys filings with the Securities and Exchange Commission. No assurance can be given that the
results in any forward-looking statement will be achieved and actual results could be affected by
one or more factors, which could cause them to differ materially. For these statements, we claim
the protection of the safe harbor for forward-looking statements contained in the Private
Securities Litigation Reform Act.
CCA INDUSTRIES, INC.
FIRST QUARTER
NEWS RELEASE
NEWS RELEASE
Three Months Ended | February 28, 2011 | February 28, 2010 | ||||||
Revenues |
$ | 12,571,106 | $ | 13,198,285 | ||||
Net Income |
$ | 343,105 | $ | 541,554 | ||||
Per Share Earnings |
||||||||
Basic |
$ | 0.05 | $ | 0.08 | ||||
Diluted |
$ | 0.05 | $ | 0.08 | ||||
Weighted Average
Shares Outstanding |
||||||||
Basic |
7,054,442 | 7,054,442 | ||||||
Diluted |
7,054,442 | 7,054,442 |