SOHM Announces First Quarter 2013 Financial Results
11 Juin 2013 - 3:00PM
Marketwired
SOHM, Inc. (PINKSHEETS: SHMN), a generic pharmaceutical
manufacturer that produces and markets generic drugs covering all
major treatment categories, today announced financial results for
the Company's fiscal first quarter 2013, ended March 31, 2013.
Revenue in the fiscal first quarter of 2013 was $1,005,410 compared
to revenue of $375,741 for the same quarter of 2012. This
exceptional growth of 267% became possible because of concerted
effort in developing the OTC Generic Drug business and launch of
FoHM by SOHM, our flagship skincare line in USA.
Shailesh Shah, President and CEO of SOHM, Inc., stated, "During
the year 2012 SOHM continued to create infrastructure to
manufacture profile pouches of OTC drugs for one of USA based
buyer. This buyer has nationwide distribution network of over 1500
warehouse stores. All the efforts put in this started generating
the revenues during 2013." Mr. Shah further stated that "Besides
this, launch of FOHM, foam based face wash, powered by Salic-2 has
started contributing to the revenues of SOHM."
ABOUT US
SOHM, Inc. is a generic pharmaceutical manufacturer that
produces and markets generic drugs covering all major treatment
categories. Besides Generic Drugs, SOHM also has manufacturing
facilities for Food Supplements and Cosmetics. The Company's global
headquarters is located in California, USA, with manufacturing
facilities in India. SOHM, Inc. exports generic pharmaceuticals
globally, with a focus on distribution in emerging markets in
Africa, Latin America, and Southeast Asia. www.sohm.com
SAFE HARBOR STATEMENT
This press release contains statements, which may constitute
"forward-looking statements" within the meaning of the Securities
Act of 1933 and the Securities Exchange Act of 1934, as amended by
the Private Securities Litigation Reform Act of 1995. Those
statements include statements regarding the intent, belief or
current expectations of SOHM, Inc., and members of their management
as well as the assumptions on which such statements are based.
Prospective investors are cautioned that any such forward-looking
statements are not guarantees of future performance and involve
risks and uncertainties, and that actual results may differ
materially from those contemplated by such forward-looking
statements. Important factors currently known to management that
could cause actual results to differ materially from those in
forward-statements include fluctuation of operating results, the
ability to compete successfully and the ability to complete
before-mentioned transactions. The company undertakes no obligation
to update or revise forward-looking statements to reflect changed
assumptions, the statements to reflect changed assumptions, the
occurrence of unanticipated events or changes to future operating
results.
For More Information Contact Investor Relations At
714-522-6700
SOHM (PK) (USOTC:SHMN)
Graphique Historique de l'Action
De Oct 2024 à Nov 2024
SOHM (PK) (USOTC:SHMN)
Graphique Historique de l'Action
De Nov 2023 à Nov 2024