WFMC -- Wholefood Farmacy Corp. (The)
Com ($0.001)
The Wholefood Farmacy (WFMC - news) announced today revenues for the month of September 2007 and the third quarter $325,500 and $1,015,400, respectively, compared to $254,424 and $718,015 for the same periods last year, for a growth rate of approximately 40% for the quarter. The revenues for the year to-date are $3,005,832 compared to revenues of $2,316,402 the first three quarters of 2006.
The company's efforts to launch USDA Certified Organic versions for four of its main products should be complete in the fourth quarter.
CEO Steven L. Tilton commented, "The Wholefood Farmacy team is very excited as we expand into the ever-growing Organic market. The Organic Trade Association 2006 market survey has shown consistent annual growth of approximately 18% since 1997 which compared favorably to overall food revenue growth for the same period. Due to an adjustment of the commission structure, the company will be able to offer Organic products at the same prices as similar non-organic products were offered prior to obtaining the Organic Certification. That accomplishment runs counter to the industry trend of higher prices for organic goods, which creates an opportunity for distributors to increase sales and win new customers. Once our organic process is firmly implemented, the doors to the Organic market place will open, and the Wholefood Farmacy team envisions a greater rate of growth than was achieved over the last twelve months."
About The Wholefood Farmacy.
The company is a leader in the health and wellness industry. The Company's premier product is the whole food product Phi Plus, a combination of raw whole food ingredients. Other products include Farmacy Pro Power, a revolutionary super-food drink mix, Farmacy Gourmet Coffee, a fresh roasted organic coffee infused with organic extracts containing polysaccharides, and TropiPhi, which includes all natural fibers and no cholesterol. Products also include soups, vegetables, fruit snack meals and body care products. A complete list of products is available through http://www.wholefoodfarmacy.com.
Forward-Looking Statement
This Press release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on the Company's current expectations as to future events. However, the forward-looking events and circumstances discussed in this press release might not occur, and actual results could differ materially from those anticipated or implied in the forward-looking statements.
CONTACT: Wholefood Farmacy Corp., +1-423-921-7848; or Brokers and Analysts