Replies to post #958 on Pure Bioscience, Inc. (PURE)

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PURE Bioscience Reports 2016 Fiscal Third Quarter and Nine-Month Financial Results
Jun 09, 2016

OTC Disclosure & News Service

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PURE Bioscience, Inc. (OTCQB: PURE), creator of the patented silver dihydrogen citrate (SDC) antimicrobial, today reported financial results for the fiscal third quarter and nine-month periods ended April 30, 2016.

Update – Fiscal Q3 2016

Increasing revenues from PURE Hard Surface® disinfectant used in environmental and surface applications by both restaurant chains (to combat Norovirus) and food processors/manufacturers (to combat Listeria).
270% quarterly sales increase year over year and 53% sales increase for the nine-month period.
Improved gross margins - 71% in Q3 2016 as compared with 40% in the same period last year – attributable to the sale of higher margin formulations and packing configurations during the quarter.
Subsequent to the quarter-end, the Company raised $1.1M through the exercise of warrants.
Established Scientific Advisory Board naming as Chairman James L. Marsden, Ph.D., Emeritus Distinguished Professor–Food Safety and Security Kansas State University.
Marsden was recently appointed Executive Director of Food Safety at Chipotle Mexican Grill.
Received USDA Permission Letter granting approval to conduct an in-plant trial of FDA approved SDC-based PURE Control® antimicrobial as a poultry processing aid.
Initiated trial with a poultry processor for this final regulatory approval required to commercialize PURE Control as a raw poultry processing aid to dramatically reduce Salmonella contamination.
PURE expects to complete the process, and anticipates first sales to poultry processors (a new $350+ million US market segment), in calendar Q3 2016.
A leading produce processor is well along in pilot plant testing and optimization of PURE Control® as a fresh produce processing aid. This early adopter will open a new $300+ million market segment for PURE.
This processor is already extensively using PURE® Hard Surface disinfectant as a food contact surface sanitizer and environmental disinfectant for protection of its plant and equipment against the most frequently associated produce