SOHM Announces Financial Results for 2013
April 09 2014 - 9:30AM
Marketwired
SOHM Announces Financial Results for 2013
SOHM Achieves More Than 65 Percent Growth in Revenue During the
Fiscal Year of 2013
BUENA PARK, CA--(Marketwired - Apr 9, 2014) - SOHM, Inc.
(PINKSHEETS: SHMN), a generic pharmaceutical manufacturer that
produces and markets generic drugs covering all major treatment
categories, announced the financial results for the Company's
fiscal year 2013, ended December 31, 2013. Revenue in the fiscal
the fiscal year of 2013 was $1,959,891 compared to revenue of
$1,296,450 during the fiscal year of 2012. This growth of over 65%
was achieved due to focused and concerted efforts put in in
developing the OTC Generic Drugs business in USA.
Shailesh Shah, President and CEO of SOHM, Inc., stated, "During
the year of 2013 SOHM continued to upgrade the manufacturing
infrastructure in India as well as kept its focus on developing the
business of OTC drugs in child resistant profile pouches through
one of its USA based buyer." Mr. Shah Further stated, "Besides
continued focus on developing the pouch business through this buyer
SOHM is also actively developing the chain store channel for its
Skin Care products and OTC Drugs in Travel Pack. The goal is to
have nationwide distribution of SOHM products and enlarge its reach
to consumer for cost effective therapies that would give a big
boost to company revenue and profitability during 2014 and beyond
for sustainable basis of growth and innovation."
ABOUT US
SOHM, Inc. is a generic pharmaceutical manufacturer that
produces and markets generic drugs covering all major treatment
categories. Besides Generic Drugs, SOHM also has manufacturing
facilities for Food Supplements and Cosmetics. The Company's global
headquarters is located in California, USA, with manufacturing
facilities in India. SOHM, Inc. exports generic pharmaceuticals
globally, with a focus on distribution in emerging markets in
Africa, Latin America, and Southeast Asia. www.sohm.com
SAFE HARBOR STATEMENT
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of SOHM, Inc., and members of their management
as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
For More Information Contact Investor Relations SOHM Inc.
714-522-6700
SOHM (PK) (USOTC:SHMN)
Historical Stock Chart
From Oct 2024 to Nov 2024
SOHM (PK) (USOTC:SHMN)
Historical Stock Chart
From Nov 2023 to Nov 2024