Lander and Cenuco Issue Combined Quarterly Financial Results and its Strategy for 2005; Lander Strategy to Maintain its Focus on
July 20 2005 - 9:14AM
Business Wire
Cenuco, Inc. (AMEX:ICU) announced today the first quarter combined
financials. The company's net sales for the quarter ending May
28th, 2005 were $17,323,130 with a loss of $2,167,359. Complete
financial details are included in the company's Form 10-Q filing
with the Securities and Exchange Commission. Since its founding in
1920, Lander Co., Inc. has competed primarily within the "extreme
value" sector of the Beauty Care industry. Products in this market
segment generally sell for a $1.00 retail price at retailers such
as Dollar Tree, and other value oriented retail formats. While
continuing in a market leading position in the extreme value
segment, the company has expanded its portfolio with a series of
premium value bath and body care products (suggested retail of
$2.99 and under) with its launch of Lander essentials(TM). The
Lander essentials(TM) brand, combines more elegant packaging along
with high quality formulations and on-trend fragrances - all at
attractive price points. Additionally, a series of these new
products offer multi-purpose benefits, such as Lander
essentials(TM) 3-IN-1, which can be used as a Bubble Bath, Body
Wash and Shampoo. "The Lander essentials(TM) product line has been
very well received by retailers throughout the U.S.," according to
Lander CEO Joe Falsetti. "We have obtained orders and commitments
to purchase this exciting new franchise from over 14,000 stores,
including Wal-Mart, K-Mart, Family Dollar and others. The
excitement from our 3-IN-1 Bubble Bath, Body Wash and Shampoo
success is now carrying over to the launch of additional new lines
of Lander essentials(TM) Body Lotions and Lander Essentials Foam
Bath." Falsetti continued, "The recent quarterly results highlight
a time of transition for Lander as the company has initiated an
aggressive move toward higher priced products, completed the merger
with Cenuco all while experiencing the freight and raw material
price increases that have hit the industry. We expect our financial
performance to improve beginning in September as we fill existing
orders for a series of new Lander essentials(TM) products to
thousands of retail stores across the country." "We have begun
implementing our premium brand strategy that the company plans to
build upon through organic growth and acquisitions," stated
Falsetti. "A series of brands that management is currently
targeting for acquisition fall within similar and complementary
health and beauty categories. The brands targeted are generally
priced as premium brands and would be integrated into Lander's
existing infrastructure." Falsetti concluded by saying, "Lander
currently manufacturers and distributes approximately 120,000,000
products a year worldwide. Management believes by channeling a
higher priced business within higher margin sectors, we can better
utilize our manufacturing and logistics capabilities." About Lander
Lander Co., Inc. is a manufacturer, marketer and distributor of a
leading value brand (LANDER) health and beauty care products. The
Company also produces private label brands for a limited number of
top retailers through its Canadian facility. Lander is a leader in
the rapidly growing marketplace for value health and beauty care
(HBC) products - sold in dollar store and value focused retailers
such as Wal-Mart and Kmart. http://www.lander-hba.com The Lander
brand is recognized as the largest specialty bath brand as reported
in 2004 by Information Resources, Inc. (IRI), a global provider of
market content and business performance management within consumer
goods and retail industries. The company is headquartered in
Lawrenceville, New Jersey. The company operates two manufacturing
and distribution facilities, one in Binghamton, New York and the
other in Toronto, Canada. About Cenuco Cenuco, Inc. develops
wireless and internet based software solutions for transmitting
live streaming video, and other targeted content, directly onto
cellular phones and remote computers. The Company's technology has
applications in a variety of markets. The Company's wireless data
technology is primarily focused on wireless video monitoring
solutions that allow users to view real-time streaming video of
security cameras or video content feeds at their home or place of
business from anywhere they receive a cellular connection,
regardless of the cellular carrier, user's location, or type of
cellular phone or wireless device. The Company's products address
the fast-growing security, surveillance and Homeland Security
markets, and some of its monitoring products have been listed on
the Federal General Services Administration (GSA) schedule. These
products have also been Windows Mobile Certified by Microsoft, have
received BREW certification from Qualcomm, and are listed in the
Intel Mobility Catalog. Visit http://www.cenuco.com for additional
information. Certain statements contained herein may constitute
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, 21E of the Exchange Act of 1934 and/or the
Private Securities Litigation Reform Act of 1995. Such statements
include, without limitation, statements regarding business plans,
future regulatory environment and approval and, the Company's
ability to comply with the rules and policies of independent
regulatory agencies. Although the Company believes the statements
contained herein to be accurate as of the date they were made, it
can give no assurance that such expectations will prove to be
correct. The Company undertakes no obligation to update these
forward-looking statements.
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