The Knoxville News-Sentinel | February 23, 2005
- Feb. 23--Jewelry Television is a step closer to building a new multimillion-dollar corporate headquarters in West Knoxville after getting preliminary approval for a 20-year tax break Tuesday.
- "This is so important in terms of creating jobs," County Commissioner Diane Jordan said after the vote, which drew applause from about 200 Jewelry Television employees.
- Jewelry Television would pay $275,000 per year for 20 years instead of paying property taxes -- slightly less than a $3.3 million mortgage at 6 percent and slightly more than property taxes on a $20 million building.
MARKET WIRE | February 24, 2005
- AeroGrow International, Inc. today announced that it has filed an SB-2 Registration Statement with the U.S. Securities & Exchange Commission for a proposed $7 million offering of its common stock and warrants.
- The AeroGrow Kitchen Garden(TM) has been designed for the mass-consumer market and uses a new, patent-pending technology to create a self-watering, self-feeding, high-yield "Smart Garden."
- The Kitchen Garden is intended to provide a fun, convenient, simple-to-use way to enjoy an ongoing, year-round supply of tasty, organic, vine-ripened herbs, vegetables, and tomatoes, ripe from the garden in homes, apartments and offices, regardless of climate and space restrictions.
Gazette, The; Colorado Springs, Colo. | February 21, 2005
- Few things are new in the fitness world.
- If some fitness guru could find a way to sell this next big thing, he would be richer than all the late-night Butt-Be-Gone infomercial experts combined.
- "Essentials of Strength Training and Conditioning," by Thomas Baechle and Robert W. Earle, says specificity "holds that training is most effective when resistance exercises are similar to the sport activity in which improvement is sought (the target activity)."
Business Wire | February 24, 2005
- AdSouth Partners, Inc. (OTCBB "ADPR") and L'Avenir, LLC have signed an exclusive retail distribution deal covering the United States, Canada and Mexico for a period of two years.
- L'Avenir has developed a new line of skin care products exclusively for AdSouth targeted for the mass market.
- The L'Avenir line of products were developed to solve today's most common skin care problems including cellulite, psoriasis, eczema, rosacea, acne, thinning hair, wrinkles, arthritis and more.
The Atlanta Journal and Constitution | February 24, 2005
- Feb. 24--Orlando -- There was "the Grass Hog," "the Comb" and a spritz called "Sinus Magic."
- That's what the inventors were hoping for as they stood in line at the Orlando airport Hyatt for the QVC Product Search, an all-day cattle call and the second stop in a five-city quest for new products to sell on TV.
- In the end, just 100 new products would be selected -- from thousands of entries nationally -- to appear on a QVC program to air this summer.
MARKET WIRE | February 24, 2005
- Profit margin on the average newly acquired subscriber turned positive in Q4
- "Higher online ad rates significantly impacted our first half results in 2004, and we responded with tactical changes to the business that increased revenue per subscriber and decreased our cost to acquire a subscriber," commented David Humble, CEO of eDiets.com.
- eDiets.com, Inc. Summary of Consolidated Financial Information (Unaudited) (In thousands, except per share amounts) Three Months Ended Twelve Months Ended Dec. Sept. Dec. Dec. Dec. 31, 30, 31, 31, 31, 2004 2004 2003 2004 2003 -------- -------- ------- ------- ------- INCOME STATEMENT DATA: Revenues: Membership $ 9,762 $ 10,316 $ 9,674 $39,196 $32,935 Other revenue 1,374 1,494 1,159 6,211 5,397 -------- -------- ------- ------- ------- Total revenues 11,136 11,810 10,833 45,407 38,332 Cost and expenses: Cost of revenue 1,792 1,526 1,437 6,437 4,701 Product development 755 657 425 2,507 1,581 Sales and marketing 7,202 9,411 6,326 39,936 28,199 General and administrative 1,255 1,392 1,358 5,645 4,476 Depreciation and amortization 238 223 190 879 1,171 Impairment of intangible assets - - - 54 183 -------- -------- ------- ------- ------- (Loss) Income from operations (106) (1,399) 1,097 (10,051) (1,979) Other income, net 44 33 - 115 13 Income tax benefit 3 3 18 33 258 -------- -------- ------- ------- ------- Net (loss) Income $ (59) $ (1,363)$ 1,115 $(9,903) $(1,708) ======== ======== ======= ======= ======= Earnings (loss) per common share Basic $ (0.00) $ (0.07)$ 0.06 $ (0.49) $ (0.10) ======== ======== ======= ======= ======= Diluted $ (0.00) $ (0.07)$ 0.06 $ (0.49) $ (0.10) ======== ======== ======= ======= ======= Weighted average common and common equivalent shares outstanding Basic 21,076 20,633 18,017 20,091 16,675 ======== ======== ======= ======= ======= Diluted 21,076 20,633 19,796 20,091 16,675 ======== ======== ======= ======= ======= Three Months Ended Twelve Months Ended Dec. Sept. Dec. Dec. Dec. 31, 30, 31, 31, 31, 2004 2004 2003 2004 2003 -------- -------- ------- ------- ------- STATEMENT OF CASH FLOW DATA: Net cash provided by (used in): Operations $(3,225) $ (758)$ (233) $(7,690) $ 2,917 Investing $ (538) $ 3,065 $ (200) $ 2,066 (677) Financing $ 746 $ 431 $ 498 $ 8,348 1,679 Three Months Ended Dec. Sept. Dec. 31, 30, 31, 2004 2004 2003 ------- ------- ------- BALANCE SHEET DATA: Cash and cash equivalents (including restricted cash)$ 8,787 $12,012 $ 6,265 Total assets 20,140 22,841 14,143 Deferred revenue 5,844 5,957 3,945 Long-term debt (excluding capital leases) - - - Stockholders' equity 5,296 4,558 5,950