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International Commercial Television, Inc. (OTCBB:ICTL) ("ICTV" or "The Company") a premier consumers products company employing the strength of revenue generating, prominently profiled infomercial campaigns to market and brand unique "Fountain of Youth" products to the global consumer through multi-channels of distribution including Direct Response Television ("DRTV"), retail and the internet comments on its rapid and continuing business expansion.
The Company is pleased to report that the financial performance of the Company in the second quarter of 2007 surpassed the total revenue and net profit earned by the Company in all of 2006. Gross Revenue for 2nd Quarter 2007 was $3,151,752 versus the year end 2006 total of $2,977,074.00. 2nd Quarter 2007 net profit was $468,656.00 with a 0.04 EPS compared to 2006 year end profit of $343,536.00 with a 0.03 EPS.
Other Comparative figures are as follows.
- Revenue for the 2nd Quarter 2007 of $3,151,752.00 increased 87% from 2007 1st Quarter of $1,683,045.
- Net Profit for 2nd Quarter 2007 of $468,656.00 increased 126% from 2007 1st Quarter of $206,989.00
- 2nd Quarter 2007 Gross Revenue vs. 2nd Quarter 2006 Gross Revenue increased by 1646%
- Profit growth 2nd Quarter 2007 vs. 2nd Quarter 06 was 312%
6 Month Comparative Figures
June 30, 2007 June 30, 2006
NET SALES $4,834,797 $502,573
COST OF SALES $1,296,588 $273,944
GROSS PROFIT 3,538,209 228,629
EXPENSES 2,865,774 466,100
OPERATING INCOME (LOSS) 672,435 (237,471)
NET INCOME (LOSS) $675,645 $(239,283)
NET INCOME PER SHARE $0.06 $(0.02)
About International Commercial Television, Inc.
Headquartered in Bainbridge Island Washington, International Commercial Television, Inc. is a rapidly expanding global consumer products company marketing unique and effective "Fountain of Youth" products with distribution channels in place in over 35 countries worldwide. The Company utilizes a distinctive marketing strategy and multi-channel distribution model to develop, market and sell health and beauty products under its Derma Wand and DermaVital Skincare brands. Marketing and distribution of the Company's products through infomercials, live home shopping television, mass retailers, spas and salons, online shopping and various other forms of distribution.
About the Derma Wand
The Company-owned Derma Wand is a highly effective, patented and unique in-home skin care appliance that helps reduce the appearance of fine lines and wrinkles, and assists in cosmetically improving overall skin appearance.
About Cell RX
The Company has acquired the worldwide rights through a license agreement to "Cell RX" skincare system from Smart Skincare Inc. The key ingredient of Cell RX is Nano-C Powder which uses a patented nanotechnology to preserve the potency of nature's most powerful anti-oxidant and collagen builder - Vitamin C. Nano-C starts as a powder but when applied to the skin's surface it becomes a cream which is instantly absorbed right into the skin and thereby most effectively employing the dynamic skin rejuvenating properties of Nano-C powder.
About the DermaVitál Skincare Line
ICTV's DermaVitál Skin Care range has been specially formulated to enhance the effectiveness of the results achieved by using the Derma Wand. The lead product in the range is the DermaVitál Hydra-Infusion Treatment and Hydrating Skin Mist, a formula that received a U.S. patent for effectively allowing water to be absorbed into skin.
The matters discussed in this press release may contain "Forward-Looking statements" (as such term is defined in the Private Securities Litigation Reform Act of 1995). The Company relies on the safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to Forward-looking statements made by ICTV. You should not place undue reliance on Forward-looking statements. These Forward-looking statements involve risks and uncertainties. The actual results that ICTV achieves may differ materially from any forward-looking statements due to such risks and uncertainties.
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ICTV's Investor Relations Department
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