VERNON, British Columbia--(BUSINESS WIRE)--Darford International Inc. (“Darford”), today released its financial results for the three months ended December 31, 2010.
Darford’s total revenues for the three months ending December 31, 2010 were $1,717,407 compared to $1,399,005 for the three months ending December 31, 2009. The net loss for the three months ended December 31, 2010 was $346,722 compared to a net loss of $91,278 for the three months ending December 31, 2009.
“During the third quarter of fiscal 2011, the Company continued to execute the rollout plan for the completely new Darford Brand product line. Sales for the Darford Brand products continue to increase. We are encouraged to see positive signs from our branded customers, including two new additional distributors for our product. Year to date, sales for Darford brand products are up 27% over the same period last year. We continue to work on streamlining our operations and lowering our costs.” 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 nine months ended December 31, 2010, 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.
For more information please visit www.darford.com and www.ilovealldogs.org.
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