VERNON, British Columbia--(BUSINESS WIRE)--Darford International Inc. ("Darford"), today released its financial results for the three months ended September 30, 2011.
Darford's total revenues for the three months ending September 30, 2011 were $2,303,228 compared to $1,454,734 for the three months ending September 30, 2010. The net loss for the three months ended September 30, 2011 was $224,493 compared to a net loss of $380,961 for the three months ending September 30, 2010.
"The second quarter of 2012 saw another sizeable increase in branded sales following the successful re-launch of our Zero/G® Food Line. Our regional reps have worked hard selling the line into distributors and fulfillment from our new distribution centers on each coast is transitioning well. The new flexible packaging format for our product lines have been very well received and we continue to receive positive reviews from both retailers and our industry peers. The food line has been placed in hundreds of new retail locations and initial sales results look very promising. We look forward to signing up more retail partners and focusing our energies on building pull-through at the store level and consumer demand." Darford President and CEO, Darcy Bomford.
Darford markets and manufactures treats and food for dogs under its own Darford® brand name in Canada and in the United States. Darford also contract manufactures products for well known North American brands.
Management's Discussion and Analysis, unaudited financial statements and accompanying notes of Darford International Inc. for the three months ended September 30, 2011, are available on the Canadian Securities Administrator's website at www.sedar.com.
Forward Looking Statements
Statements contained in this press release, which are not based on historical fact, including without limitation, statements containing the words "may", "will", "plans", "intends", "expects", "anticipates", "believes", "estimate", "continue" and similar expressions, constitute "forward looking information" within the meaning of applicable Canadian securities laws. Forward looking statements contained in this document may involve, but are not limited to, statements relating to the Company's objectives, priorities, strategies, actions, targets, expectations and outlook. Forward looking statements are necessarily based upon assumptions and predictions with respect to the future, including but not limited to, the factors referred to below. As a result, forward looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, events or developments to be materially different from any future results, events or developments expressed or implied thereby. These risks, uncertainties and other factors include, but are not limited to, changes in the pet products industry and external market factors. In light of these uncertainties, assumptions and risks, readers are cautioned not to place undue reliance on such forward looking statements. Except as required by law, the Company assumes no obligation to update or revise forward looking information to reflect later events or developments.
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