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will continue as these newly developed businesses do not have historical
references or comparisons to date.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.