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SYNERGY BRANDS INC.

(SYBRQ)
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Synergy Brands Inc : Synergy Brands Provides Guidance for 2nd Quarter of 2007

07/30/2007 | 08:00am EDT

Synergy Brands (NASDAQ:SYBR) today released guidance with expectations for record second quarter Revenues reaching $21.8 million and expects a record operating profit for the same period. The Company further expects that it may report a net profit for the second quarter of 2007. Revenue growth has been helped by a material increase in private label baking mix business, material increase in Grocery and Health & Beauty wholesale distribution as well as a an increase in General Merchandise sales. Sales for the second quarter increased beyond management's estimates and are directly related to newly acquired assets as well as a newly developed product mix being offered to existing customers. However, there is no assurance that these trends in the coming quarters will continue as these newly developed businesses do not have historical references or comparisons to date.

The Company plans on releasing its full report for the second quarter and six month results on August 15, 2007.

Forward Looking Statements

This press release and Company review and assumptions made regarding the financial figures and other information, referenced and presented, state and reflect assumptions, expectations, projections, intentions and/or beliefs about past and future events that are intended as "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they do not relate to historical or current facts. They use words such as "anticipate", "estimate", "project", "forecast", "may", "will", "should", "expect", "assume", "believe" and other deviations thereof and other words of similar meaning. In particular these include, but are not limited to, statements reflecting the projected business activities and goals, revenues, earnings, profit and loss of the Company and associated costs. Any or all of the Company's forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. For a description of many of these risks and uncertainties, please refer to the Company's filings with the U.S. Securities & Exchange Commission (www.sec.gov), including Forms 10K and 10Q.

Martin E. Janis & Company, Inc.
Bev Jedynak, 312-943-1100 ext. 12
bjedynak@janispr.com


© Business Wire 2007
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Managers and Directors
Mair Faibish Chairman & Chief Executive Officer
William Edward Rancic Director
Frank A. Bellis Director
Joel Sebastian Director
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