HBRM News
Herborium Group Preliminary 3rd Quarter Revenues show the record results. 2012 expected to end with strong financial results and record demand for HBRM products.
2012-09-19 05:00 ET - News Release
HERBORIUM GROUP, INC. COMMENCES REPURCHASING OF UP TO 100 MILLION SHARES OF ITS COMMON STOCK; 1150 of 2300 cases of Kamasutra™ lands in the USA today for immediate distribution FORT LEE, N.J. , Sept. 19, 2012 /PRNewswire/ -- Herborium Group, Inc., (OTC Pink: HBRM) www.herborium.com , a Botanical Therapeutics® Company is pleased to announce that it has now commenced the repurchase of the Company's common shares . "We have now commenced our share buyback program which was announced on April 23, 2012 . After review of our strong 3rd quarter revenues along with the rapidly increasing orders of AcnEase® and enthusiastic response to Kamasutra™ Spirit with our proprietary blend of exotic herbs, that are being processed for the 4th quarter we have decided that this gives us the financial opportunity to repurchase up to 100 million shares which process begun and will continue in this 4th Quarter to the end of 2012," stated Dr. Agnes P. Olszewski Chairwoman and CEO of Herborium. "Thanks to our very successful social media marketing strategy, a demand for AcnEase®, our unique all botanical acne treatment targeting over 120 million acne sufferers in the US and Europe , has been up for the 3rd consecutive Quarter with sales up over 20% yet again. The Company is anticipating to continue its growth in 4th Quarter making 2012 not only a very successful sales year, but the beginning of a new phase for the future. The 4 Th Quarter of 2012 is also the time when the Company is to launch its unique Botanical Therapeutics® for Sexual Health for Women and Men, and its all botanical ingredients based healthy Energy formula. Together with an introduction of Kamasutra™ we are indeed on the road to build a much larger Herborium as we enter new avenues for the use of our product," concluded Dr. Olszewski.
