EAST RUTHERFORD, N.J., July 7 /PRNewswire-FirstCall/ -- CCA Industries,
Inc. (Amex: CAW) declared today a dividend for the third quarter of $0.11 per
share to all shareholders of record as of August 1, 2008, payable on September
1, 2008.
Revenues for the second quarter ending May 31, 2008 were $17,389,985. Net
income was $790,692 and earnings per share were $0.11 fully diluted versus
revenues of $18,457,562, net income of $1,292,921 and earnings per share of
$0.18 fully diluted for the second quarter of 2007.
Revenue for the six months ended May 31, 2008 were $31,261,025, net income
was $1,134,375 and earnings per share were $0.16 fully diluted, compared to
revenues of $32,285,140, net income of $1,765,669 and earnings per share of
$0.25 fully diluted for the same period in 2007.
'Net sales and earnings were somewhat lower in both the second quarter and
for the first six (6) months of the 2008 fiscal year. The aforementioned was
primarily due to a 10% sales reduction of the Company's Mega-T weight loss
brand. The Company attributes the sales decline to the heavily advertised
former prescriptive diet aid by a leading pharmaceutical company. CCA will be
introducing several new unique diet aids in their fourth quarter in order to
offset the recent sales decline in their Mega-T diet aid sales. In addition,
the Company will be introducing a number of new SKUs to their other brands
also in the upcoming third and fourth quarters,' stated Dunnan Edell,
President of CCA.
CCA also announces today that it has been added to the Russell Microcap
Index after the Russell Investment Group reconstituted its comprehensive set
of U.S. and global equity indexes on June 27, 2008. 'Russell is an industry
leader for stock indexes, and we are pleased to be included in their Microcap
Index,' said Dunnan Edell. 'We expect our inclusion will generate greater
interest in our stock among institutional investors.'
CCA Industries, Inc. manufactures and markets health and beauty aids, each
under its individual brand name. The products include, principally,
'Plus+White' toothpastes and teeth whiteners, 'Mega-T' Green Tea diet
supplements, 'Mega-T' Green Tea gum and mint products, 'Bikini Zone' medicated
topicals and shave gels, 'Nutra Nail' nail care treatments, 'Scar Zone' scar
treatment products, 'Sudden Change' anti-aging skin care products, 'Parfume de
Vanille' fragrances, 'Solar Sense' sun protection products, 'Hair Off' hair
removal and depilatory products, and 'Wash 'N Curl' shampoos and conditioners.
Statements contained in the news release that are not historical facts are
forward looking statements as that term is defined in the Private Securities
Litigation Reform Act of 1995. Such forward-looking statements are subject to
risks and uncertainties, which would cause actual results to differ materially
from estimated results. Such risks and uncertainties are detailed in the
Company's filings with the Securities and Exchange Commission.
SOURCE CCA Industries, Inc.
