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Matrixx Initiatives, Inc. Reports Third-Quarter Net Sales Increased 26% to $38.7 Million, Net Income Increased to $4.8 Million, or $0.50 Earnings Per Share
Date:1/26/2009

------ ------- ------ Net Income (Loss) $4,751 $(635) $10,727 $4,712 ====== ====== ======= ====== Net Income per Diluted Share $0.50 $(0.07) $1.12 $0.47 Average Shares Outstanding (mil) 9.4 9.7 9.6 10.1 Selected Balance Sheet Information Dec. 31, March 31, Dec. 31, 2008 2008 2007 (Unaudited) (Unaudited) ($000s) ------------ --------- ------------ Cash and Marketable Securities $30,666 $27,933 $13,166 Accounts Receivable - Trade $25,084 $12,052 $23,280 Inventory $10,456 $11,530 $17,421 Total Assets $92,231 $78,149 $80,836 Current Liabilities $17,741 $10,574 $16,619 Working Capital $52,695 $44,612 $41,659 Total Debt $0 $0 $0 Shareholders' Equity $72,395 $65,552 $63,002

About Matrixx Initiatives, Inc.

Matrixx Initiatives, Inc. is engaged in the development and marketing of over-the-counter healthcare products that utilize innovative drug delivery systems. Zicam, LLC, its wholly-owned subsidiary, markets and sells Zicam(R) and Nasal Comfort(TM) products in the cough and cold category, and Xcid(TM) antacid in the digestive health category. Zicam Canada, Inc., a wholly-owned subsidiary of Zicam, LLC markets and sells select Zicam products in Canada. The Company's flagship product, Zicam Cold Remedy nasal gel, is a patented, homeopathic remedy that has been clinically proven to reduce the dura
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SOURCE Matrixx Initiatives, Inc.
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