Med Gen March Revenue Shows Strong Increases
BOCA RATON, Fla.--(BUSINESS WIRE)--Med Gen Inc. (OTCBB:MGEN), manufacturers of nationally branded OTC healthier life products reports a 438% increase over same month revenue in 2006. Revenue for March was $107,257. Revenue for the 3-month period ending March 31 was $566,360, a 418% increase over same period revenue in 2006. The projected revenue based on the above numbers annualized is $2.3 million.
The continued improvement in revenue was the subject of an analyst conference and review and Mr. Kravitz, Chairman and CEO highlighted the following continuing events that could double the projected annual revenue. Mr. Kravitz reported the unfolding near term events as follows: 1) “The increasing commitment to TV advertising of our weight loss products, UnDiet®, after months of testing and re-makes; 2) The introduction of our new, all natural Good Nights Sleep®; 3) The repackaging of our sales leader, Snorenz®; 4) The launch of fabUlust™ female sexual enhancement roll-on cream; 5) Our continuing growth in the International segment; 6) Our newly formed consulting and financial services division, and lastly; 7) Our very strong financial position.
“These seven factors and the large markets in which we operate are only a small part of the reportable progress Med Gen has made and is making to insure the success of a program of bringing shareholder value back to the company during this calendar year,” concluded Kravitz.
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