News Flash

Hemptown Clothing Inc: Revenues up 31% to $178,563 for Q1 2005

17 May '05

2 min read

World's largest hemp T-shirt apparel brand and seller Hemptown Clothing Inc announced financial results for the first quarter ended March 31, 2005.

Highlights of the first quarter included: (All figures expressed in US Dollars)
-- Revenues of $178,563 and Margin of 31%.
-- Development of patentable enzyme process for hemp-derived "CRAILAR" fiber with National Research Council of Canada continues on schedule.
-- First purchase order for 9 million pounds of CRAILAR received for fulfillment beginning in Q4 2005.
-- Launch of HT Naturals as an "eco-fabric" brand, crafted from an expanded combination of fabric blends including organic cotton, bamboo, soy, recycled polyester, and other textiles.
-- $174,893 net received (April 2005) from the Government of Canada's Scientific Research and

Experimental Development program (SR&ED), in recognition of the Company's 2002 and 2003 work in the development of its unique environmentally friendly fabrics and garments.

Jason Finnis, President of Hemptown, stated, "We continue to build the biotechnical aspects of our business with the pending CRAILAR process. Our HT Naturals product line has been well received, and we will continue to aggressively use our sales team to develop interest and generate revenues. And this summer, the Company is planning to build market awareness of its new and forthcoming products with attendance at a number of major trade shows, and through
increased public relations campaigns."
c relations campaigns."

Hemptown Clothing Inc. is the world's largest hemp T-shirt apparel brand and sells a line of hemp/cotton activewear: T-shirts, sweatshirts and ball caps to wholesalers, retailers and consumers. Hemptown is also involved in ongoing bio-technology fiber research and development of quality and conservation-based textile technology, working vertically to enhance its products and the benefits they provide to crop farmers, consumers and the environment.

Hemptown Clothing Inc

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