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Naturally registers excellent results in Q2

31 Jul '07

2 min read

Naturally Advanced Technologies the leading provider of sustainable, environmental fibers and fabrics such as hemp, bamboo, organic cotton and soy through its HT Naturals brand announced continued strong results of sales and gross profit for its 2007 second quarter ended June 30, 2007 - revealing continued record numbers, excellent progress on the Company's strategic growth plan, and introduction of a new initiative with global leader, COSTCO Canada.

For the 2nd quarter, the Company posted sales of $475,000 an increase of 475% over the same period last year. Year to date sales are $1,075,000, an increase of 280% over the same period 2006. Gross profit year to date was 355,000, an increase of 411% over the same period last year.

The Company also introduced a unique program with Warehouse Store Club Chain, COSTCO Canada. For Costco, this marks a new initiative in sustainable and organic apparel.

"Sales for the second quarter continued to gain momentum from the impressive results of Q1, generating revenue in the first six months of this year that almost eclipsed sales for the entire 2006 year", said Ken Barker, CEO of Naturally Advanced Technologies.

"Our sustainable, organic fabric developments, along with a consumer focused design approach to our seasonal collections, are being extremely well supported by our retailers and customers."

"We expect this momentum to continue throughout the remainder of this year and into 2008, thanks in part to a new supplier initiative entered into with Costco Canada in July that is proving to be extremely well received by environmentally aware Costco customers."

NAT's leadership in the development of new, sustainable and organic fiber continues with the filing of patents that protect the collaboration agreements entered into in Q4 of 2006.

These patents provide a cost effective environmentally sustainable means of processing fiber for textiles of regenerated cellulose that will have a marked impact on moisture management fibers and fabrics.

Naturally Advanced Technologies Inc

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