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Imagenetix, Inc. Provides Net Sales Guidance for the Second Quarter Fiscal 2011
Date:8/23/2010

SAN DIEGO, Aug. 23 /PRNewswire-FirstCall/ -- Imagenetix, Inc. (OTC Bulletin Board: IAGX) announced today that based on solid bookings and sales activities in July and the first half of August that it expects its net sales for its second quarter of fiscal 2011 ending September 30, 2010, to be from $2.8 to $3.2 million, an increase of 158% to 195% compared to the first quarter of fiscal 2011 and 47% to 68% compared to the second quarter of the previous fiscal year.

"The first two months of our September ending quarter have progressed nicely as a result of shipments and bookings of our branded products in the mass market, Celadrin® and BioGuard®.  In addition BioGuard® is scheduled to be introduced at a major drug chain expanding its outreach beyond club stores," said William Spencer, Imagenetix's President and CEO. "We are not currently providing guidance on income, but expect with the significant increase in net sales that we will return to profitability.  We continue to see excellent acceptance of our products and believe we are positioned well for future revenue gains."

Cautionary Statement:The statements in this release relating to our guidance for net sales, profitability, and our being positioned for future revenue gains are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause our actual results to differ materially, including, but not limited to: the strength of the economic recovery or any further weakness or unexpected fluctuations in the U.S. or global economies; changes in demand or market acceptance of our products and the products of our customers; the mix of inventory we hold and our ability to satisfy short-term orders from our inventory; changes in utilization of our manufacturing capacit
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SOURCE Imagenetix, Inc.
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