15, 2000 - Leading Brands, Inc appoints new
chief financial officer.
July 11 , 2000
- Leading Brands, Inc announces record first quarter results 141% sales
increase and $0.09Cdn ($0.06US) per share profit.
May 24, 2000 - Leading
Brands, Inc. subsidiary,
Quick.com, Inc. , appoints Gerry Kenyon to head Retail Operations.
16 , 2000
- retains Tompkins Associates Inc. to complete design of Quick.com Proprietary
Warehousing and Delivery System and appoints Dr. James A. Tompkins to
Board of Quick.com Inc.
January 26, 2000
Leading Brands, Inc. announces record Third Quarter Revenues; Increase
- see below Consolidated
Statement Of Income (Loss)
18, 2000 - Leading Brands, Inc. announces resolution
of outstanding tax claims
16, 1999 - Leading
Brands, Inc. to receive $3,000,000Cdn from Cott Corporation in Settlement
December 15, 1999 - Leading
Brands, Inc. announces joint venture with Sentai Software Consulting Corp.
to design Business to Consumer and Business to Business E-Commerce Website
and Integrated High Technology Fulfillment System for Quick.com, Inc.
December 13, 1999 - Leading Brands, Inc. acquires Quick, Inc.
and announces Internet-based Local Home Delivery and Business to Business
November 10, 1999 - Leading Brands,
Inc. announces record Second Quarter Revenues.
October 19, 1999 - Brio Industries
Inc. is pleased to announce that effective Monday, October 25, 1999, the
Company will change its name to "Leading Brands, Inc.".
Ending December 4, 1999
Statement Of Income (Loss) Third Quarter (PDF Format)
Quarter Ending September 11, 1999
Leading Brands, Inc., Canada's largest fully integrated brand
management company, is pleased to announce that its sales for its second
quarter ended September 11, 1999 reached $14,837,000Cdn (versus $13,359,000Cdn
in the same quarter last year). These results were attained despite the
coldest and wettest summer in recorded history in the Company's major
sales territory and a lengthy labour dispute at one of the Company's largest
customers that materially slowed production at the Company's Vancouver
Quarter Ending May 22, 1999
with the first quarter of fiscal 1999, the Company moved from reporting
periods consisting of twelve calendar months to thirteen four-week periods.
As a consequence, the number of days in the first quarter was reduced
by nine. When this is combined with the focus of the Company's Vancouver
plant on commissioning of Gatorade and Ocean Spray products, sales for
the period are reported lower than the same period last year ($9,137,650
Cdn versus $11,310,981 Cdn). Again, due to the commissioning process undertaken
in the Vancouver plant, the net loss for the period increased from $588,600
Cdn (or $0.09 Cdn per share) to $937,332Cdn (or $0.13 Cdn per share).
This was exacerbated by the wettest and dullest Spring in the recorded
history of Western Canada and a prolonged labor disruption that interrupted
business at one of our major customers.
End, ending February 28, 1999
Brio announced reported revenues of $40,232,000 Cdn* during the 1998 fiscal
year ended February 28,1999 (compared to revenues of $35,667,000 during
fiscal 1997), an increase of more than 20%, year over year. The Company
reported a net loss after all extraordinary items of $1,787,000Cdn (or
$0.26Cdn per share) versus a net loss of $7,223,000Cdn (or $1.12Cdn per
share) for fiscal 1997. The loss for the year was contributed to primarily
by the shut down of its largest plant in Vancouver for most of the Winter
and Spring for installation of the new packaging line, a much wetter than
average Fall and Winter season, and the transition of its product lineup.
The results exclude any accrual for the Company's earnout from Cott Corporation,
which was not paid. The Company disputes Cott's earnout calculation of
that earnout amount and is pursuing its recovery.
For more information, contact:
Leading Brand, Inc.
7400 River Road
Tel: 604-214-9722 ext. 240
Toll-free: 1-800-729-2746 ext. 240