SOURCE: Hoodia International Inc.

February 08, 2007 09:30 ET

Hoodia Products International Provides 2006 Year-End Report

DUBLIN, CA -- (MARKET WIRE) -- February 8, 2007 --Hoodia Products International Inc. (PINKSHEETS: HDIA), the California-based manufacturer of appetite suppression products made from the Hoodia gordonii plant, today released a year-end report for its shareholders.


The company recorded FY2006 total sales of $85,089.35, an increase of 538% as compared to FY2005 sales of $13,342.62. The increase is sales is due to the company having launched a public advertising campaign in FY06, whereby there was virtually no external advertising in FY2005.

Net Loss

The company recorded a FY2006 net loss of $36,387.82, or approximately $.0002 per share. The net loss is attributed to the company not yet having significant volume in sales to generate a profit. As of January 1, the company returned the POWERSLIM pricing to its original $39.99 price point to stimulate new sales.

Product Mix

The company plans to introduce at least two additional products in FY07, both of which feature authentic Hoodia gordonii, but in very different capacities to the existing POWERSLIM products. For competitive purposes, the company will not release any further details until specific announcements are released, likely sometime in the second quarter.

Marketing & Joint Ventures

Red Bricks Media has completed the initial design of the previously announced health portal joint venture at The companies expect to have the site optimized and generating traffic and sales early in the second quarter. Additionally, the company is near completion of a unrelated marketing agreement to provide POWERSLIM exposure across a heavily-trafficked online poker website. The proposed agreement will be on a commission basis and be of no direct cost to the company.

Shares Outstanding & Stock Structure

As of February 1, the company currently had 169,931,230 shares outstanding with approximately 148,850,362 of those shares restricted and held by management or affiliates. The company does not currently have any preferred or convertible securities present in its share structure. The company transfer agent is Interstate Transfer Company and can be reached at (801) 281-9746.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking information is inherently subject to risks and uncertainties, and actual results could differ materially from those currently anticipated due to a number of factors, which include but are not limited to, risk factors inherent in doing business. Forward-looking statements may be identified by terms such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "forecasts," "potential," or "continue," or similar terms or the negative of these terms. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. The company has no obligation to update these forward-looking statements.

Contact Information

  • Contact:
    Hoodia Products International Inc.
    Jacob V.O. Mullins