FAVORED(R) Inc. Reports Q3 and Year to Date Sales Performance
WEST LAFYETTE, IN -- (MARKET WIRE) -- December 15, 2006 -- FAVORED® Inc. (PINKSHEETS: FVRD) announced today that it has made its financial statements for the 9 months ending 2006 publicly available. The Company's financial statements may be found on the Company's website (www.favoredgrain.com) and will soon be available on the Pink Sheets' website (www.pinksheets.com).
Revenue from continuing operations of $7,157,000 for the first nine months of 2006 increased $2,292,000 versus the same period of 2005. This represents an increase in sales of 42% for the period ending September 30, 2006.
Dr. Claude Page, Chairman and C.E.O of FAVORED® Inc., stated, "We are pleased to announce our results for the nine months ending 2006 because they show an increase in revenues from previous years. More importantly, we believe that by a further implementation of our initiatives in the year 2007 and with proper capitalization, FAVORED® Inc. will continue to capture an ever increasing share of our targeted market segment."
Highlighted Links
MacReport.Net
"Our planned launch and roll-out of the FAVORED® Dairy program should add to our growing FAVORED® seed and grain businesses. Furthermore, given a growing demand for grain products bred specifically for the Ethanol Industry, we expect strong increases in the sales of a number of our ethanol specific, FAVORED® grains," Dr. Page concluded.
About FAVORED® Inc.
The all natural, patent pending, FAVORED® System delivers food products that are completely traceable from the seed farm to the consumer (from "seed to plate"). This System focuses on delivering those traits that today's educated consumers demand. Specifically, these are nutritionally enhanced, superior quality food products free from growth hormones and antibiotics all produced with non genetically modified feed rations.
As a result, FAVORED® Inc. participates in a market segment that represents approximately 33% of the U.S. population. In fact, sales to consumers who demand natural/organic foods now exceed US $30 billion each year.
For more information about FAVORED® Inc., please visit us at: www.favoredgrain.com and www.favored.tv .
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
--------------------------------------------------------------------------------
Contact information:
Peter George
fvrdIR@favoredgrain.com
SOURCE: FAVORED Inc.
--------------------------------------------------------------------------------
Back To Recent News
Issuers of news releases, not Market Wire, are solely responsible for the accuracy of the content.
WEST LAFYETTE, IN -- (MARKET WIRE) -- December 15, 2006 -- FAVORED® Inc. (PINKSHEETS: FVRD) announced today that it has made its financial statements for the 9 months ending 2006 publicly available. The Company's financial statements may be found on the Company's website (www.favoredgrain.com) and will soon be available on the Pink Sheets' website (www.pinksheets.com).
Revenue from continuing operations of $7,157,000 for the first nine months of 2006 increased $2,292,000 versus the same period of 2005. This represents an increase in sales of 42% for the period ending September 30, 2006.
Dr. Claude Page, Chairman and C.E.O of FAVORED® Inc., stated, "We are pleased to announce our results for the nine months ending 2006 because they show an increase in revenues from previous years. More importantly, we believe that by a further implementation of our initiatives in the year 2007 and with proper capitalization, FAVORED® Inc. will continue to capture an ever increasing share of our targeted market segment."
Highlighted Links
MacReport.Net
"Our planned launch and roll-out of the FAVORED® Dairy program should add to our growing FAVORED® seed and grain businesses. Furthermore, given a growing demand for grain products bred specifically for the Ethanol Industry, we expect strong increases in the sales of a number of our ethanol specific, FAVORED® grains," Dr. Page concluded.
About FAVORED® Inc.
The all natural, patent pending, FAVORED® System delivers food products that are completely traceable from the seed farm to the consumer (from "seed to plate"). This System focuses on delivering those traits that today's educated consumers demand. Specifically, these are nutritionally enhanced, superior quality food products free from growth hormones and antibiotics all produced with non genetically modified feed rations.
As a result, FAVORED® Inc. participates in a market segment that represents approximately 33% of the U.S. population. In fact, sales to consumers who demand natural/organic foods now exceed US $30 billion each year.
For more information about FAVORED® Inc., please visit us at: www.favoredgrain.com and www.favored.tv .
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements can be identified by the lead-in "Looking Forward." These statements are not guarantees of future performance and involve significant risks and uncertainties. Actual results may vary materially from those in the forward-looking statements as a result of the effectiveness of management's strategies and decisions, general economic and business conditions, new or modified statutory or regulatory requirements, and changing price and market conditions.
--------------------------------------------------------------------------------
Contact information:
Peter George
fvrdIR@favoredgrain.com
SOURCE: FAVORED Inc.
--------------------------------------------------------------------------------
Back To Recent News
Issuers of news releases, not Market Wire, are solely responsible for the accuracy of the content.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.