NEW YORK--(BUSINESS WIRE)--Frederick’ Buy seroquel without prescription, s of Hollywood Group Inc. (formerly Movie Star, Inc.) (AMEX: FOH) (“Company”) today announced financial results for its fiscal 2008 second quarter and six months ended December 31, 2007. The financial results do not include the financial results of FOH Holdings, Inc., seroquel buy online, which became a wholly-owned subsidiary of the Company upon the consummation of its merger with FOH Holdings, Inc. on January 28, 2008 (the “Merger”) because the Merger occurred after the end of the Company’s fiscal 2008 second quarter. Order seroquel from us, FOH Holdings, Inc. is the parent and sole stockholder of Frederick’s of Hollywood, Inc, buy seroquel without prescription. Frederick’s of Hollywood Group Inc. will report combined financial results for the fiscal 2008 third quarter ending April 26, 2008.
Net sales for the fiscal 2008 second quarter were $17,735, generic seroquel cheap,000, compared to last year’s $17,524,000. Seroquel side effects, Gross margin, as a percentage of sales, was 33.6% for the fiscal 2008 second quarter, compared to 34.6% in the fiscal 2007 second quarter. Pre-tax income for the fiscal 2008 second quarter was $495,000, seroquel australia, compared to $963,000 in the same quarter last year. Buy seroquel without prescription, Pre-tax income for the fiscal 2008 second quarter included $559,000 of merger related fees. The fiscal 2007 second quarter pre-tax income included a $496,000 gain on the sale of property, Cheap price seroquel, plant and equipment and $803,000 of merger related fees. The Company recorded net income of $297,000, or $0.02 per diluted share, for the fiscal 2008 second quarter, buying generic seroquel, as compared to $578,000, or $0.04 per diluted share, for the fiscal 2007 second quarter. Seroquel in malaysia, All per share data contained in this press release does not reflect the one-for-two reverse stock split effected by the Company on January 28, 2008 in connection with the Merger.
Net sales for the first half of fiscal 2008 were $29,674,000, compared to $36,214, discount seroquel without prescription,000 in the same period last year. For the first half of fiscal 2008, the gross margin was 31.4%, compared to 32.8% in the comparable period of fiscal 2007. For the fiscal 2008 first half, the Company recorded a net loss of $669,000, or $0.04 per share, compared to net income of $944,000, or $0.06 per diluted share, in the comparable period of fiscal 2007, buy seroquel without prescription. Cheapest seroquel prices, Net income for the first half of fiscal 2008 included $917,000 of merger related fees. Net income for the first half of fiscal 2007 included $1,342,000 of merger related fees and a $496,000 gain on the sale of property, seroquel for order, plant and equipment, which was primarily attributable to the sale of the Company’s former distribution center in Pennsylvania.
Mel Knigin, President and CEO of the Company’s Movie Star division, stated, Buy seroquel generic, “We expect second-half sales for the Movie Star division to compare favorably to last year’s second half, as a result of our strong open order position, which was approximately $26,830,000 at December 31, 2007, get seroquel, compared with $25,241,000 at December 31, 2006, Cheap seroquel on internet, as well as our subsequent receipt of a $2,500,000 order that was not included in our open orders at December 31, 2007. In the prior year, we had received a comparable order in the month of December and it was therefore included in our open order position at December 31, seroquel india, 2006. This additional order brings our increase in comparable open orders to approximately $4,000,000.”
Mr. Buy seroquel without prescription, Knigin continued, “We have worked hard to complete the merger and are excited that we can now focus on successfully growing a company that currently has over $200 million in combined annual revenue and offers greater growth opportunities than each company had previously on a stand alone basis.”
About Frederick’s of Hollywood Group Inc.
Frederick’s of Hollywood Group Inc. Purchase seroquel no rx, (formerly Movie Star, Inc.) operates two divisions, the Movie Star division and the Frederick’s of Hollywood division:
About the Frederick’s of Hollywood Division
FREDERICK’S OF HOLLYWOOD has been recognized as one of the world’s most well known brands, with more than 135 specialty retail stores nationwide, a world-famous catalog and online shop at www.fredericks.com. By keeping an eye toward modern Hollywood as well as its own legendary history, order no rx seroquel, FREDERICK’S OF HOLLYWOOD creates innovative, alluring lingerie that is coveted by its customers. With its exclusive product offerings including Seduction by Frederick’s of Hollywood, and the Hollywood Exxtreme Cleavage Bra, Seroquel cheap price, FREDERICK’S OF HOLLYWOOD is the Original Sex Symbol™.
About the Movie Star Division
Movie Star designs, manufactures (through independent contractors), imports, markets and distributes women’s intimate apparel, including sleepwear, robes, seroquel no rx required, leisurewear and daywear, to mass merchandisers, specialty and department stores, discount retailers, Fda approved seroquel, national and regional chains and direct mail catalog marketers throughout the United States. Current collections include the Cinema Etoile premium line of intimate apparel and the Movie Star line of apparel sold as private label programs.
Forward Looking Statement
Certain of the matters set forth in this press release are forward-looking and involve a number of risks and uncertainties. Among the factors that could cause actual results to differ materially are the following: competition; business conditions and industry growth; rapidly changing consumer preferences and trends; general economic conditions; large variations in sales volume with significant customers; addition or loss of significant customers; continued compliance with government regulations; loss of key personnel; labor practices; management of growth, increases in costs of operations or inability to meet efficiency or cost reduction objectives; the timing of orders and deliveries of products; foreign government regulations and risks of doing business abroad; failure to realize the merger’s anticipated synergies; and the other risks that are described from time to time in Frederick’s of Hollywood Group Inc.’s SEC reports.
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FREDERICK'S OF HOLLYWOOD GROUP INC. (formerly MOVIE STAR, INC.) |
CONSOLIDATED CONDENSED BALANCE SHEETS |
(In Thousands, seroquel cheap drug, Except Share Information) |
|
|
|
|
|
|
|
|
|
December 31,
|
|
June 30, |
|
December 31, |
|
|
2007
|
|
2007a
|
|
2006
|
|
|
(Unaudited) |
|
|
|
(Unaudited) |
|
|
|
|
|
|
|
Assets |
|
|
|
|
|
|
|
Current Assets |
|
|
|
|
|
|
Cash |
|
$ |
215 |
|
|
$ |
53 |
|
|
$ |
90 |
|
Receivables, Order seroquel in canada, net |
|
|
10,018 |
|
|
|
8,266 |
|
|
|
10,090 |
|
Inventory |
|
|
10,729 |
|
|
|
6,816 |
|
|
|
10, buy seroquel online,168 |
|
Deferred income taxes |
|
|
1,322 |
|
|
|
1,518 |
|
|
|
1,728 |
|
Prepaid expenses and other current assets |
|
|
223 |
|
|
|
291 |
|
|
|
244 |
|
Total current assets |
|
|
22, Seroquel without rx, 507 |
|
|
|
16,944 |
|
|
|
22,320 |
|
|
|
|
|
|
|
|
Property, plant and equipment, net |
|
|
1,156 |
|
|
|
943 |
|
|
|
1, no rx seroquel,028 |
|
Deferred income taxes |
|
|
4,096 |
|
|
|
3,438 |
|
|
|
2,915 |
|
Goodwill |
|
|
537 |
|
|
|
537 |
|
|
|
537 |
|
Other assets |
|
|
646 |
|
|
|
476 |
|
|
|
453 |
|
|
|
|
|
|
|
|
Total assets |
|
$ |
28, Seroquel non prescription, 942 |
|
|
$ |
22,338 |
|
|
$ |
27,253 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Liabilities and Shareholders' Equity |
|
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
|
Note payable |
|
$ |
11,328 |
|
|
$ |
4,126 |
|
|
$ |
7,651 |
|
Current maturities of capital lease obligations |
|
|
58 |
|
|
|
57 |
|
|
|
55 |
|
Accounts payable and other current liabilities |
|
|
3, buy cheap seroquel,213 |
|
|
|
3,171 |
|
|
|
4,074 |
|
Total current liabilities |
|
|
14,599 |
|
|
|
7, Buy seroquel online without prescription, 354 |
|
|
|
11,780 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Long-term liabilities |
|
|
304 |
|
|
|
379 |
|
|
|
434 |
|
|
|
|
|
|
|
|
Shareholders’ equityb
|
|
|
|
|
|
|
Common stock, $.01 par value – authorized 30,000,000 shares; issued 18,502, seroquel sales,000 shares at December 31, 2007, 18,440, Compare seroquel prices online, 000 shares at June 30, 2007 and 17,960,000 shares at December 31, 2006
|
|
|
|
|
|
|
|
|
185
|
|
|
|
184
|
|
|
|
180
|
|
Additional paid-in capital |
|
|
5,640 |
|
|
|
5, seroquel no prescription,552 |
|
|
|
5,180 |
|
Retained earnings |
|
|
11,838 |
|
|
|
12,507 |
|
|
|
13, Drug seroquel, 305 |
|
Accumulated other comprehensive loss |
|
|
(6 |
) |
|
|
(20 |
) |
|
|
(8 |
) |
Treasury stock, at cost—2,017,000 shares |
|
|
(3,618 |
) |
|
|
(3,618 |
) |
|
|
(3, discount seroquel without prescription,618 |
) |
Total shareholders’ equity |
|
|
14,039 |
|
|
|
14,605 |
|
|
|
15,039 |
|
|
|
|
|
|
|
|
Total liabilities and shareholders’ equity |
|
$ |
28, Seroquel tablets, 942 |
|
|
$ |
22,338 |
|
|
$ |
27,253 |
|
|
|
|
|
|
|
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a Derived from audited financial statements.
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b All share data contained in this press release does not reflect the one-for-two reverse stock split effected by the Company on January 28, 2008.
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FREDERICK'S OF HOLLYWOOD GROUP INC. (formerly MOVIE STAR, INC.) |
CONSOLIDATED STATEMENTS OF OPERATIONS |
(Unaudited) |
(In Thousands, seroquel without prescription, Except Per Share Amounts) |
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended
|
|
Six Months Ended
|
|
|
December 31,
|
|
December 31,
|
|
|
2007
|
|
2006
|
|
2007
|
|
2006
|
|
|
|
|
|
|
|
|
|
Net sales |
|
$ |
17,735 |
|
$ |
17, Lowest price seroquel, 524 |
|
|
$ |
29,674 |
|
|
$ |
36,214 |
|
Cost of sales |
|
|
11,780 |
|
|
11,462 |
|
|
|
20,357 |
|
|
|
24, cost of seroquel,329 |
|
Gross profit |
|
|
5,955 |
|
|
6,062 |
|
|
|
9,317 |
|
|
|
11, Approved seroquel pharmacy, 885 |
|
|
|
|
|
|
|
|
|
|
Selling, general and administrative expenses |
|
|
4,704 |
|
|
4,580 |
|
|
|
9,206 |
|
|
|
9,067 |
|
Merger related fees |
|
|
559 |
|
|
803 |
|
|
|
917 |
|
|
|
1, seroquel price,342 |
|
Gain on sale of property, plant and equipment |
|
|
- |
|
|
(496 |
) |
|
|
- |
|
|
|
(496 |
) |
|
|
|
|
|
|
|
|
|
Income/(loss) from operations |
|
|
692 |
|
|
1,175 |
|
|
|
(806 |
) |
|
|
1,972 |
|
|
|
|
|
|
|
|
|
|
Interest expense |
|
|
197 |
|
|
212 |
|
|
|
309 |
|
|
|
399 |
|
|
|
|
|
|
|
|
|
|
Income/(loss) before provision for (benefit from) income taxes |
|
|
495 |
|
|
963 |
|
|
|
(1, Find discount seroquel, 115 |
) |
|
|
1,573 |
|
Provision for (benefit from) income taxes |
|
|
198 |
|
|
385 |
|
|
|
(446 |
) |
|
|
629 |
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
297 |
|
$ |
578 |
|
|
$ |
(669 |
) |
|
$ |
944 |
|
|
|
|
|
|
|
|
|
|
BASIC NET INCOME (LOSS) PER SHAREa
|
|
$ |
.02 |
|
$ |
.04 |
|
|
$ |
(.04 |
) |
|
$ |
.06 |
|
|
|
|
|
|
|
|
|
|
DILUTED NET INCOME (LOSS) PER SHAREa
|
|
$ |
.02 |
|
$ |
.04 |
|
|
$ |
(.04 |
) |
|
$ |
.06 |
|
|
|
|
|
|
|
|
|
|
Basic weighted average number of shares outstandinga
|
|
|
16,447 |
|
|
15,810 |
|
|
|
16,439 |
|
|
|
15,786 |
|
Diluted weighted average number of shares outstandinga
|
|
|
16,924 |
|
|
16,232 |
|
|
|
16,439 |
|
|
|
16,090 |
|
|
|
|
|
|
|
|
|
|
a All share and per share data contained in this press release does not reflect the one-for-two reverse stock split effected by the Company on January 28, 2008.
|
.
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