Pompano Beach, May 16, 2013 (GLOBE NEWSWIRE) -- DS Healthcare Group Inc. (NASDAQ:DSKX), a leading developer ofpersonal care products, today announced results for its 2013 firstquarter, ended March 31, 2013. Net revenues for the quarter grew to $3,965,000, a 100 percentincrease over revenues of $1,983,982 in the first quarter of 2012.Revenue growth was primarily driven by increased sales andcontinued demand for the company's products, supported by itsextensive marketing and sales efforts to expand the distributor andcustomer base. Gross profits increased by 69 percent to $1,774,684 in the firstquarter, as compared to $1,050,320 in the first quarter of fiscal2012. Net loss increased by five percent to $(457,993) or $(0.04) perbasic and diluted share in the first quarter of 2013, as comparedwith a net loss of $(440,337) or $(0.04) per basic and dilutedshare in the first quarter of 2012. . The company reported total current assets of $6,165,301 andtotal shareholders' equity of $3,850,009 for the period ended March31, 2013. "This was a very strong quarter for us. We invested in buildingour distribution network and brand awareness. These investmentsproduced results within the quarter and, more important, these arelong-term investments that we believe will continue to supportsales growth for the balance of 2103 and beyond. Customerenthusiasm for our products is strong, and we believe it willcontinue to translate into higher sales," stated DS HealthcarePresident and CEO Daniel Khesin. About DS Healthcare Group DS Healthcare Group Inc. leads in the development ofbiotechnology for topical and nutritional therapies. It marketsthrough online and specialty retailers, distributors, cosmeticswholesalers, and salons. Its brands include DS Laboratories( www.DSLaboratories.com), Sigma Skin ( www.SigmaSkin.com), PolarisResearch Laboratories ( www.PolarisReserachLabs.com) and The PureGuild ( www.ThePureGuild.com). Forward-looking statements
Except for statements of historical fact, the matters discussedin this press release are forward-looking and made pursuant to theSafe Harbor provisions of the Private Securities Litigation ReformAct of 1995. "Forward-looking statements" describe futureexpectations, plans, results, or strategies, and are generallypreceded by words such as "future," "plan" or "planned," "expects,"or "projected." These forward-looking statements reflect numerousassumptions and involve a variety of risks and uncertainties, manyof which are beyond the company's control that may cause actualresults to differ materially from stated expectations. These riskfactors include, among others, limited operating history,difficulty in developing and marketing products, intensecompetition, and additional risks factors as discussed in reportsfiled by the company with the Securities and Exchange Commission,which are available at http://www.sec.gov.
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