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Friday, May 03, 2013 10:06:38 AM
http://ih.advfn.com/p.php?pid=nmona&article=57427198
MamaMancini's Holdings, Inc. (the "Company") (OTCBB:MMMB), a marketer of specialty pre-prepared and frozen and refrigerated foods, today reported its first quarter financial results for the three months ended March 31, 2013.
The Company announced today that its net sales for the quarter ended March 31, 2013 was $1,772,164, a 56% increase over the comparable quarter sales of $1,137,201, for the same period in 2012. Net loss for the quarter ended March 31, 2013 was $611,388 or $.03 per share on 20,854,000 shares outstanding, compared with net loss of $400,157 for the quarter ended March 31, 2012, or $.03 per share on 15,000,000 shares outstanding.
Reflecting on the Company's 2013 first quarter performance, Carl Wolf, Chairman and CEO of the Company stated, "We believe we are on track to further expand our sales and distribution in 2013. The Company anticipates adding many new product placements throughout the spring and summer, substantially increasing our total placements on supermarket or retailer shelves."
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About MamaMancini's
MamaMancini's, Holdings, Inc. through its wholly owned subsidiary, MamaMancini's, Inc. markets a line of fully cooked and ready to serve Italian specialty foods, primarily meatballs, in slow cooked Italian sauce. The Company's products are principally sold through the frozen, perishable and prepared foods sections of supermarkets and mass retailers.
CONTACT /For more information:
Carl Wolf
carl@mamamancinis.com
Tel: (201) 531-1212
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