Whole Living, the US-based company which produces and markets nutrition products via its Brain Garden subsidiary, has reached profitability for the first time after a strong rise in sales.
Revenues in May rose by 20 per cent to $624,844 compared to the previous month, helping the company to reach operational profitability during the month.
"I am excited to see that the changes that have been made within Whole Living have begun to affect the company's business model resulting in today's profitability," said Doug Burdick, chief operating officer of Whole Living.
"I believe this is the first time in the company's history that we have shown profitability, and we expect this trend to continue as more and more individuals embrace Whole Living's philosophies, including convenient whole food nutrition."
Burdick continued: "These numbers do not include the company's most recent acquisition, which we anticipate to close within the next two weeks. At the time the companies are consolidated, we expect exponential growth for Whole Living and its shareholders."
Whole Living recently projected combined earnings of $0.12 per share in 2002 compared to a loss of $0.20 per share in 2001 with gross revenues projected at $34,500,000 for 2002.
The company describes itself as a whole-foods nutrition company in the direct-selling industry, and sells its products in the United States, Canada, Japan, Australia and New Zealand.