WINCHESTER, ON, May 25 /CNW Telbec/ - Natunola Health Biosciences Inc.
(TSX-V:NHI) ("Natunola") reports that the sales for the three months ended on
March 31, 2009 was $281,688 as compared to $626,662 for the comparative period
for 2008, which represented a decrease of $344,974 or 55%. The decrease in
revenue is due to the economic slow down and the decrease in sales to several
customers. As a result, the Company had a net loss of $130,605 or -$0.01 per
share for the three months ended March 31, 2009.
The sales for the Company's personal care product lines decreased by
24.4% or $25,036 for the three months ended March 31, 2009 versus the
comparative period for 2008. The decline is a result of fewer orders in Q1
The sales for the Company's flax product lines decreased by 61% or
$319,938 for the three months ended March 31, 2009 versus the comparative
period for 2008. The decline is a result of fewer orders and decrease in sales
to specific customers in Q1 2009.
Many of the Company's customers are either contract manufacturers or
manufacturers who are affected by the global economic slow down. However, the
management believes the situation should improve and the revenue should pick
up as the orders and shipments for months of April and May (to date) are
Some of the statements contained in the release are forward-looking
statements, such as estimates and statements that describe the Company's
future plans, objectives or goals, including words to the effect that the
Company or management expects a stated condition or result to occur. Since
forward-looking statements address future events and conditions, by their very
nature, they involve inherent risks and uncertainties. Actual results in each
case could differ materially from those currently anticipated in such
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this press release.
For further information:
For further information: Dr. Murray McLaughlin, Chairman, Natunola
Health Biosciences Inc., (613) 774-0008