EQLB announced today that it began a national advertising campaign with a 5 minute spot on ABC affiliate KTNV (Channel 13) in Las Vegas. Chief Executive Officer, Maurice Owens, was featured on “The Morning Blend” show talking about the virtues of EQ Energy drink while also displaying the company’s complete product line.
In the interview, Owens stresses the health factor of EQ, “No sugar, five calories.”
Owens continued, “The flavors are super. We have Mo Apple and Strawberry Dream. It takes about 30 seconds to get going.”
Chief Executive Officer Owens also stated that the market for EQ is very large and that he expects EQ Energy drink to be in 5,000 additional stores by year end as the company’s products are already in 45 states. Owens stated that the “Healthy Energy Drink” is being used by students, truck drivers and young adults because of its wide spread appeal.
Owens added toward the end of the interview, “We have three top distributors so we have access to about 150,000 stores.”
EQLB is engaged in the development, marketing and sale of EQ (”The Smart Energy Drink”). EQ is an effervescent tablet that can be dissolved in any beverage to provide instant energy. Consisting of a blend of essential vitamins, Gingko Biloba, and less caffeine than a cup of coffee. EQ is currently sold at Best Buy, 7-Eleven, Walgreens and other leading retailers.
To learn more about EQLB visit: http://www.drinkeq.com
Jamba, Inc. (NASDAQ:JMBA)
Highlights for the 12 weeks ended July 13, 2010, compared to the 12 weeks ended July 14, 2009:
Net income for Q210 was $1.6 million, an improvement of $6.7 million over the prior year period, driven primarily by a decrease in impairment of long-lived assets, a reduction in interest expense, and a gain from the Company’s refranchising activities, partially offset by one-time charges to settle outstanding litigation.
Diluted earnings per share was $0.02 per share for the 12 weeks ended July 13, 2010 compared to a loss per share of ($0.10) for the prior year period.
Total revenue for Q210 decreased (10.9%) to $74.1 million from $83.2 million for Q209 reflecting a decrease of $9.1 million primarily due to the reduction in the number of company-owned stores and the decrease in comparable store sales.
Company-owned comparable store sales for Q210 decreased (2.4%) compared to (13.7%) for the prior year period. This result reflects a 90 basis point sequential improvement over Q110. (1)
Store-level EBITDA(2) for Q210 decreased $2.2 million to $16.3 million compared to $18.5 million for the prior year period. Adjusted for the impact of refranchised stores, Adjusted Store-level EBITDA(3) decreased $1.6 million to $15.5 million for the 12 week period compared to $17.1 million for the prior year period.
Consolidated EBITDA(2) for Q210 decreased $3.4 million to $6.9 million compared to $10.3 million for the prior year period. Adjusted for the impact of refranchised stores, Adjusted Consolidated EBITDA(3) decreased $2.8 million to $6.1 million for Q210 compared to $8.9 million for the prior year period.
General and administrative expenses for Q210 increased 14.4% to $9.4 million, compared to $8.2 million in the prior year period, primarily attributable to one-time charges to settle outstanding litigation and associated legal fees.
Jamba, Inc. (NASDAQ:JMBA)
Warren Resources, Inc. (Nasdaq:WRES)
Warren Resources, Inc. is an independent energy exploration, development and production company that uses advanced technologies to systematically explore, develop and produce domestic on-shore oil and natural gas reserves. Warren's activities are primarily focused on oil in the Wilmington field in California and natural gas in the Washakie Basin in Wyoming. The Company is headquartered in New York, New York, and its exploration and development subsidiary, Warren E&P, Inc., has offices in Casper, Wyoming and Long Beach, California. For more information visit www.warrenresources.com.
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