Westbrook, Maine, Nov. 21, 2017 (GLOBE NEWSWIRE) — Synergy CHC Corp. (OTCQB: SNYR) (“Synergy” or a “Company”), a consumer health caring beauty company, reported formula for a entertain finished Sep 30, 2017.
Quarter 3 2017 and Recent Highlights:
- Secured $10 million of appropriation from Knight Therapeutics (Barbados) Inc. with a intensity to boost to $30 million
- Launched The Queen Pegasus, a lash elixir pack sole regulating The Synergy Effect
- Hired Robin Mendenhall as Head of Sales – Beauty
- Hired Jeffrey Kadanoff as Chief Financial Officer
- Hired Patrick McCullough as President
- Appointed Gale Bensussen as an eccentric Board Member
- Finalized doing of new systems that will foster exponential growth
Net sales for a third entertain were $9.2 million, compared to $11.5 million for a same entertain in 2016, a 20% decrease. For a third quarter, a net income was $0.01 million or $0.00 (basic and diluted) gain per share, compared to net income of $3 million or $0.04 (basic and diluted) gain per share for 2016.
Net sales for a 9 months finished Sep 30, 2017 were $29.3 million, compared to $28 million for a same duration in 2016, a 4.6% increase. For a 9 months finished Sep 30, 2017, net income was $2.6 million, or $0.03 (basic and diluted) gain per share, compared to net income of $5.8 million or $0.07 (basic and diluted) gain per share for a same duration in 2016.
We now thoroughness on Adjusted EBITDA to weigh a business relations and a ensuing handling opening and financial position. Adjusted EBITDA for a entertain was $1.3 million and for a 9 months finished Sep 30, 2017 it was $5.7 million.
EBITDA and Adjusted EBITDA are deliberate non-GAAP financial measures. The Company’s definitions of EBITDA and practiced EBITDA competence not be allied to likewise patrician measures reported by other companies.
“The past few months were highlighted by Synergy solidifying a executive team, systems and finances to capacitate postulated expansion in a years to come,” pronounced Jack Ross, CEO of Synergy. “More over with a launch of The Queen Pegasus, this outlines a third loyal quarter, following Per-fékt Beauty and Sneaky Vaunt, that Synergy combined a new code to a expanding portfolio of products.”
About Synergy CHC Corp.
Synergy CHC Corp. is a consumer health caring beauty association that is in a routine of building a portfolio of best-in-class consumer product brands. Synergy’s plan is to grow a portfolio both organically and by serve acquisition. Synergy’s diversified portfolio now includes FOCUSFactor™, Flat Tummy Tea™, Per-fékt Beauty™, Sneaky Vaunt™, The Queen Pegasus™, Neuragen™, and Hand MD™. For some-more information, greatfully revisit www.synergychc.com.
Synergy’s brands:
Flat Tummy Tea®
Flat Tummy Tea’s singly formulated two-step herbal detox tea works to naturally assistance speed metabolism, boost appetite and revoke bloating to squash your tummy. It is now sole exclusively online to a global, 20-30 year aged female, primarily American market.
Since being founded in 2013, Flat Tummy Tea has grown rapidly, mostly attributed to a strength of their branding and their innovative and effective use of amicable media. Their tip is a really specific routine and ROI formed algorithm used on several online platforms. To date, Flat Tummy Tea has built a targeted amicable media following of over 1,400,000, many of whom are now customers.
Flat Tummy Tea now has over 13,000 certain created reviews on their website, www.flattummyco.com or revisit their Instagram page.
FOCUSfactor®
FOCUSfactor is sole during America’s heading retailers such as Costco, Sam’s Club, Wal-Mart, BJ’s Walgreens, CVS and The Vitamin Shoppe. FOCUSfactor, America’s heading mind health supplement, is a nutritive addition that includes a exclusive mix of mind ancillary vitamins, minerals, antioxidants and other nutrients. In Dec 2012, a United States Patent and Trademark Office released US Patent 8,329,227 covering FOCUSfactor’s exclusive plan “for extended mental function.” The placement of a obvious noted one of a few times a obvious has been released for a nationally branded nutritive supplement. FOCUSfactor is clinically tested with formula demonstrating improvements in focus, thoroughness and memory in healthy adults. www.focusfactor.com
Per-fékt Beauty®
Per-fékt Beauty is one of Synergy’s newest brands that was acquired in Jun of 2017. Per-fékt Beauty markets and sells a specialized operation of beauty products (makeup, skin-care body) around retailers and online by amicable media channels.
Per-fékt Beauty is good determined in a beauty sell space (Sephora and Ulta), opening adult an sparkling sell event for a rest of a products in that industry. Even some-more sparkling is a intensity to ask a same ROI formed algorithm that Flat Tummy Tea uses and is now being used by The Synergy Effect on several online selling platforms – what could be some-more per-fekt?
Per-fékt Beauty be found during perfektbeauty.com or revisit their Instagram page.
Sneaky Vaunt®
Sneaky Vaunt is one of Synergy’s newest brands that only launched in Mar of 2017. Sneaky Vaunt markets and sells a backless, strapless, hang on, pull adult bra exclusively online by amicable media channels.
Sneaky Vaunt is being marketed on a same ROI formed algorithm that Flat Tummy Tea uses and is now being used by The Synergy Effect on several online selling platforms. In only over 6 months, Sneaky Vaunt has built a targeted amicable media following of over 400,000 on Instagram.
Sneaky Vaunt can be found during sneakyvaunt.com or revisit their Instagram page.
The Queen Pegasus®
The Queen Pegasus is Synergy’s newest code that only launched in Aug of 2017. The Queen Pegasus markets and sells a lash elixir pack exclusively online by amicable media channels.
The Queen Pegasus is being marketed on a same ROI formed algorithm that Flat Tummy Tea and Sneaky Vaunt use and is now being used by The Synergy Effect on several online selling platforms.
The Queen Pegasus can be found during thequeenpegasus.com or revisit their Instagram page.
Neuragen®
Neuragen® is a accepted product that works directly during a site of a pain as against to verbal products. Neuragen® reduces a extemporaneous banishment of shop-worn marginal nerves. By relaxing these firings during a source, Neuragen® is clinically shown to revoke sharpened and blazing heedfulness fast and but a side effects of orally taken medications. This is in partial due to a tiny lipophilic molecules found in Neuragen® that fast lift a active mixture by a severe outdoor covering of a skin to a site of a pain. Neuragen® is accessible over a opposite in many internal pharmacies possibly in a diabetic territory or a drug (pain) section. For some-more information, greatfully revisit www.neuragen.com.
Hand MD®
Hand MD is a world’s initial anti-aging skincare line formulated privately for a hands. Hands exhibit a woman’s loyal age and a rejuvenation of a palm has turn women’s #1 aging concern. Developed by Kara Harshbarger and eminent luminary dermatologist Dr. Alex Khadavi, Hand MD’s endless clinical trials uncover poignant alleviation in a coming of excellent lines and wrinkles, skin hydration, hyper-pigmentation and radiance. HAND MD launched on QVC and sole out in an startling 5 minutes. www.hand-md.com.
The Synergy Effect®
The Synergy Effect is Synergy’s fast-growth online selling platform, a expansion engine built to grow brands exponentially online. Launched in 2017, The Synergy Effect powers Synergy’s brands online, pushing income regulating best-in-class digital plan and a exclusive ROI algorithm. Already braggadocio success stories including Flat Tummy Tea and Sneaky Vaunt, both of that have gifted rare expansion in digital and amicable media, The Synergy Effect will spend a arriving year serve unlocking a outrageous online expansion intensity within Synergy’s existent portfolio of brands, as good as brands acquired by Synergy.
More information on The Synergy Effect can be found during www.thesynergyeffect.com.
Forward-Looking Statements
This press recover contains forward-looking statements within a definition of a Private Securities Litigation Reform Act of 1995 that are theme to risks and uncertainties. All statements, other than statements of chronological facts, per management’s expectations, beliefs, goals, skeleton or Synergy’s prospects should be deliberate forward-looking. Readers are cautioned that tangible formula might differ materially from projections or estimates due to a accumulation of critical factors, including: Synergy’s ability to confederate any new products into a stream operations; a risks and uncertainties compared with Synergy’s ability to conduct a money resources; receiving additional financing to support Synergy’s operations; Synergy’s coherence on third parties for a investigate and development, production and placement functions; Synergy’s coherence on a permit relationships; safeguarding a egghead skill grown by or protected to Synergy; and Synergy’s ability to build a operations to support a business plan and foster a products. These and other risks are described in larger fact in Synergy’s filings with a SEC, copies of that are accessible giveaway of assign during a SEC’s website (www.sec.gov) or on ask from Synergy. Synergy might not indeed grasp a goals or skeleton described in a forward-looking statements, and investors should not place undue faith on these statements. Synergy assumes no requirement and does not intend to refurbish these forward-looking statements, solely as compulsory by law.
Contact: Jack Ross, Chairman / CEO Synergy CHC Corp Jack@synergychc.com 615-939-9004
