MIAMI BEACH, Fla., Dec. 21, 2011 /PRNewswire/ -- The team at Divine Skin (OTC Bulletin Board: DSKX) has been working to maintain strong growth and exceed expectations across its diverse consumer goods business and accelerate development through its strong biotechnology program. Some highlights for the year include:
RECORD 2010 REVENUE. Divine Skin started the year by announcing record sales for 2010 ($5.4 million), up $1.9 million or 55 percent over 2009.
RECORD 2011 QUARTERS. We posted record sales again in Q1 ($2.2 million) and Q2 ($2.3 million) of this year, and the first nine-month period ($6.6 million) was up 74 percent, reaping the benefits of production investments and explosive demand.
SALONS. In May, DS Laboratories announced new agreements with four distributors that supply 27,000 salons and professionals in the Northwest, Southwest, Southeast, and Midwest.
FANTASTIC SAMS. DS Labs installed more locations of the huge Fantastic Sams chain of salons, supplying unique product, professional training, and promotional assistance.
NEIMAN MARCUS. Prestigious fashion retailer Neiman Marcus picked up our super-premium Sigma Skin line for hair and skin.
AUDITORS. Top-30 auditing firm Cherry, Bekaert & Holland LLP began advising us, bringing valuable experience with publicly traded manufacturers and lending credibility to financial statements.
BRAZIL. A new Brazilian distributor conducted the successful trials and earned the required certificates needed to import into that burgeoning market of 201 million eager consumers.
ORAL ANALGESIC. We announced our foray into pharmaceuticals with an oral analgesic to compete with Tylenol, Advil, and aspirin. Like our other products, it targets the market that appreciates more advanced biotechnology.
NUTRAORIGIN. Expanding into nutritional supplements, Divine Skin acquired rights to NutraOrigin, with 63 formulas that can be incorporated easily into any health regimen.
RANBAXY LABS. We announced a global partnership with India's largest pharmaceutical company, Ranbaxy Laboratories, to sell DS Labs products worldwide.
NANOXIDIL. The company introduced a new compound, Nanoxidil, engineered to surpass minoxidil for efficacy and tolerability. It debuted in new Spectral.DNC-N.
ASTRESSIN-B. DS Labs became the first biotech brand to commercialize a hair-growth treatment based on astressin-B, a peptide (protein fragment) newly discovered to regrow hair on bald mice. It debuted in new Spectral.F7.
CAPITALIZATION. Divine Skin secured new capital through Littlebanc Advisors to be used to build our mounting inventory and service our expanding distribution.
API SOLUTION 9. Polaris Research rolled out API Solution 9, a customizable topical kit to be sold by physicians. It delivers unprecedented concentrations of minoxidil, finasteride, and alfatradiol, and it has no competitor.
WHOLE FOODS. NutraOrigin tested successfully in Whole Foods, a chain of 297 retail stores in the United States, plus seven in Canada and six in the United Kingdom.
ZACKS INVESTMENT RESEARCH. Zacks gave Divine Skin an "outperform" rating and a six-month target price of $0.65 per share.
Divine Skin announces that its plans for expansion in 2012 are even more aggressive, and that they will further diversify its core business.
About Divine Skin
Divine Skin Inc. leads in the development of biotechnology for topical, nutritional, and pharmaceutical therapies. It markets worldwide through online and specialty retailers, cosmetics wholesalers, salons, and medical offices. The fast-growing company went public in 2009.
DS Laboratories, its flagship brand, offers high-performance topical solutions with broad spectrum of activity across a range of personal care applications. Bioavailability is enhanced through encapsulation (www.dslaboratories.com).
The Sigma Skin brand sells through upscale retailers like Neiman Marcus in the United States and Harvey Nichols in the United Kingdom . The topical products address hair loss and other signs of aging (www.sigmaskin.com).
Polaris Research Laboratories makes high-potency hair-growth formulas (www.polarisresearchlabs.com).
The Pure Guild offers purity with performance: Botanical compounds proven effective in clinical trials are extracted without industrial solvents or damaging heat and are sold through premium retailers (www.thepureguild.com).
NutraOrigin blends nutritional supplements that address the health concerns expressed by consumers, including fatigue, headache, obesity, mobility, menopause, erectile dysfunction, and others. In clinical trials for the US government, its Omega line proved to enhance mental function (www.nutraorigin.com).
Divine Skin Inc.
|SOURCE Divine Skin Inc.|
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