Salt Lake City-based nutraceutical company LifeSmart Nutrition Technologies has announced sales of US$784,000 for its Q4 ended 31 May 2002, up 68% compared with US$466,000 for the same period last year.
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Also on a preliminary, unaudited basis, sales for the year ended 31 May 2002 were US$3.53m, an increase of over 200% compared to US$1.15m for the prior year.
CEO and president Darald Donnell said: “Last year was a pivotal year for LifeSmart. In addition to new product launches with our existing customers, we also began to implement our long range plan. This included developing strategic relationships with new retailers and expanding our product line into new key nutraceutical areas.”
He continued, “We made significant strides this past year toward achieving our goals while maintaining a strong presence in our existing business segments. Next year we will bring on several very exciting new products which will greatly enhance both our profitability and market share.”
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