QualityStocks News - Divine Skin Posts Triple-digit Preliminary Revenue Growth

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Despite significant increases, company anticipates further growth and notes key achievements

QualityStocks would like to highlight Divine Skin, Inc., a publicly traded company focused on the development of biotechnology for topical, nutritional, and pharmaceutical therapies. DS Laboratories, its flagship brand, offers high-performance topical solutions to restore growth and radiance to hair, suppress dandruff and unwanted hair, control acne, improve hygiene, and reduce cellulite and wrinkles.

In the company’s news yesterday,

Divine Skin posted its preliminary revenue results for the fourth quarter of 2011.

The company reported fourth-quarter revenue at $3.1 million, a 63 percent increase over the comparable quarter of 2010. Full-year 2011 revenue totaled $9.6 million, a 78 percent increase over full-year 2010.

Divine Skin markets its products via online and specialty retailers, cosmetics wholesalers, salons, and medical offices. CEO Daniel Khesin said that while the company reports triple-digit growth for 2011, the company is “far from satisfied with this result” and anticipates further improvement as it continues to optimize logistics.

“Our formulas are very complex, and bringing these one-of-a-kind products to market is a challenge,” Khesin stated in the press release. “The issue is our top priority going forward, and we are very excited about our prospects for 2012.”

The company also noted key achievements in the last year, including the establishment of new agreements with 19 salon distributors in the U.S. to sell its flagship brand, DS Laboratories. In addition, high fashion retailer Neiman Marcus picked up Divine Skin’s super-premium Sigma Skin line for hair and skin; and the company’s NutraOrigin line was tested successfully in Whole Foods, which has stores in the U.S., Canada and the UK.

Other achievements include the company’s ventures into the pharmaceutical and nutritional markets, as well as partnerships supporting its introduction into the Brazilian and Indian market.

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Forward-Looking Statement:
This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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