PNHL | Planet Nutrition Holdings, Inc Releases 2008 and 2009 Revenue Projections

News In Penny Stocks

Jul 28, 2008 8:30:00 AM

CORNELIUS, NC -- (MARKET WIRE) -- 07/28/08 -- Planet Nutrition Holdings, Inc. (PINKSHEETS: PNHL) announces today its projected revenues for 2008 to be in excess of 2 million dollars and 2009 revenues to be in excess of 4 million dollars.

Planet Nutrition is anticipating an exceptional year based on their recent acquisition of I M & M Exercise Equipment and the continual expansion of its product lines and service offerings. Projected revenues for 2008 are based on the growth experienced over the last few quarters along with expected increase in revenues from the company's newly acquired products and service offerings.

The company's projections for 2009 revenues are in excess of 4 million dollars. By 2009 the company intends to complete 1-2 more acquisitions and launch several new exercise equipment products developed by its I M & M Exercise Equipment subsidiary. In addition the company anticipates the opening of 5 new stores over the next two years, contingent on financing.

"With what we have on the table for future acquisitions, we should be able to attain revenues of 2 million dollars and up for 2008," stated CEO Dan Starczewski.