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Re: bernardsamuel post# 5273

Monday, 05/16/2016 8:40:09 PM

Monday, May 16, 2016 8:40:09 PM

Post# of 8579
The Registrant expects to report revenues of approximately $4,456,933 for the nine months ended March 31, 2016 as compared to $3,590,044 for the nine months ended March 31, 2015. The increase in revenues compared to the prior year period primarily results from growth of the Registrant’s wholesale distribution and direct distribution to retail store sales.

The Registrant expects to report a net loss from operations of $131,330 for the nine months ended March 31, 2016 as compared to a net loss from operations of $318,809 for the nine months ended March 31, 2015. The decrease in loss from operations compared to the prior year period primarily results from growth in the Registrant’s sales along with an increase in gross margin.

The foregoing results of operations are estimates and are subject to and qualified by the unaudited financial statements to be filed as part of the Registrant’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2016.