TSXT....News just out!
Three Sixty, Inc. Reports First Quarter Revenues
Wednesday June 13, 2:00 pm ET
ATHENS, GA--(MARKET WIRE)--Jun 13, 2007 -- Three Sixty, Inc. (Other OTC:TSXT.PK - News), innovator of the 360 OTC brand (www.360otc.com) of over-the-counter pharmaceutical products, announced today their First Quarter Revenues.
The company's First Quarter Revenues were a total of $2,463,126 Dollars; Revenues were derived by the initial (February 18, 2007) product launch of its 360 OTC brand and its share of advertising revenues. The breakdown of Earnings is as follows:
Initial 360 OTC product orders: $1,313,126
**Advertising Revenues: $1,150,000
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Total $2,463,126
The company launched its first products (360 OTC) brand in February of this year in all CVS Pharmacies, all Walgreens, and Meijer (11,846) stores nationally and will be adding several new retail accounts within the next 30 days. The company will begin shipping product in August to all 15,000 Target stores nationally.
The company will also be rolling out its 360 OTC Hangover line to all of its retail accounts in July, which will increase revenues significantly. The company is projecting company wide sales for 2007 to be approximately $32,500,000 to $35,000,000.
** Rockford - Montgomery Labs, Inc. is the lease holder of the 360/Ginn blimp, hence the company receives advertising revenues from such. The company is in the process of leasing a second blimp (currently under construction) that will be exclusive to the 360 OTC brand and will also receive the revenues from advertising sales.
ABOUT THREE SIXTY, INC:
Three Sixty Inc. is an acquisition company of branded healthcare and food products. The Company targets niche market segments of nationally distributed brands in their respective categories across food, drug, convenience stores and mass merchandisers.
The Company's portfolio of products include the recognized 360 OTC brand which include 360 OTC Pain Relief, 360 OTC Ignite Alertness Aid, 360 OTC Hangover Relief, 360 OTC Hangover Lite and three other products to be announced in the next few weeks.
For more information, please visit the Company's website: www.360OTC.com.
This press release does not constitute an offer of any securities for sale. This press release contains certain 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 forward-looking statements involve certain risks and uncertainties that could cause actual results to differ, including, without limitation, the company's limited operating history and history of losses, the inability to successfully obtain further funding, the inability to raise capital on terms acceptable to the company, the inability to compete effectively in the marketplace, the inability to complete the proposed acquisition and such other risks that could cause the actual results to differ materially from those contained in the company's projections or forward-looking statements. All forward-looking statements in this press release are based on information available to the company as of the date hereof, and the company undertakes no obligation to update forward-looking statements to reflect events or circumstances occurring after the date of this press release.
Contact:
Contact:
Three Sixty,Inc.
Investor Relations
Tel: 1-706-354-3725
Fax: 1-800-927-1593
http://www.360OTC.com
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