ICTV Brands Inc. Reports First Quarter 2015 Financial Results

Friday, June 19th, 2015


Wayne, PA (PRWEB) May 07, 2015

ICTV Brands, Inc. (OTCQX: ICTV), (CSE: ITV), a direct response marketing and branding company focused on the health, wellness and beauty sector, today reported financial results for the three months ended March 31, 2015.

First Quarter 2015 Highlights:

Launched media campaigns for five new products, resulting in incremental revenue of $ 232,000.
Sellout on The Shopping Channel Canada as DermaWand returns to live televised home shopping for the first time in 2 years.
$ 1.8 million in International third party distributor sales, an increase of $ 846,000 year over year.
Adjusted EBIDTA loss of $ 94,000, including up front expenditures for five new campaign launches.
Current working capital of $ 1.9 million.

Richard Ransom, President, stated, “I am happy with the progress we have continued to make throughout the first quarter in developing five new brands, while continuing to open new channels of distribution for our flagship product, DermaWand. Each day hundreds of new customers enter the ICTV Brands family and it is very exciting for our team to have a vast portfolio of products to offer them. As the year progresses, I am confident the investment made in these brands will yield a great return to our shareholders.”

Financial Results:

During the first quarter of 2015, we allocated considerable resources to our portfolio of brands still in a rollout phase, and as a result, we made a strategic decision to reduce the amount of airings of our DermaWand infomercial. Media expenditures were approximately $ 3.2 million and $ 3.9 million for the three months ended March 31, 2015 and 2014, respectively. Accordingly, our net sales decreased to approximately $ 8.9 million for the three months ended March 31, 2015, from approximately $ 9.8 million recorded during the three months ended March 31, 2014. Further, due to the reduced media spend, sales related to the DermaVital skin care line during the three months ended March 31, 2015 were approximately $ 822,000 compared to $ 1.2 million during the three months ended March 31, 2014.

The Company resumed airings on live televised home shopping in the first quarter of 2015 which resulted in an increase of $ 49,000 to the revenue for the three months ended March 31, 2015, compared to no live televised home shopping sales in the prior year. The Company expects to continue airings on live televised home shopping throughout the remainder of 2015. Additionally, international third party distributor sales were approximately $ 1.8 million during the three months ended March 31, 2015, as compared to approximately $ 956,000 during the three months ended March 31, 2014.

Gross profit percentage was approximately 70% for the three months ended March 31, 2015, compared to approximately 74% during the three months in 2014. For the three months ended March 31, 2015 we generated approximately $ 6.2 million in gross profit, compared to approximately $ 7.2 million for the three months ended March 31, 2014. The decrease in gross profit percentage is a result of a higher percentage of international sales compared to DRTV sales, due to international sales having a lower gross profit.

Total operating expenses decreased to approximately $ 6.5 million from approximately $ 7.7 million as a result of the decrease in media spend and volume. Despite the volume related decreases, the Company had a number of significant one time expenditures in Q1, specifically approximately $ 84,000 in print media costs related to the Company’s retail strategy for DermaWand as well as approximately $ 50,000 in radio media expenses for CoralActives. Furthermore, the Company had a number of expenditures for products in the early stages of their life cycle as the Company tested new creative and media outlets. For products with continuity programs, a significant portion of its profits are during the second continuity sale after the initial customer acquisition. The Company’s new products, including CoralActives, Derma Brilliance, elastin-rp, Juvion, and Good Planet Super Solution, contributed net revenue of approximately $ 223,000, gross profit of approximately $ 145,000 and total operating expenses of approximately $ 415,000.

The Company generated a net loss of approximately $ 270,000 for the three months ended March 31, 2015, compared with a net loss of approximately $ 515,000 for the three months ended March 31, 2014. Net loss per share was approximately ($ 0.01) compared to net loss per share of approximately ($ 0.02). Included in the net loss is non-cash share based compensation of approximately $ 162,000 and the investment mentioned above in our new products. Adjusted EBITDA loss was approximately $ 94,000 compared to adjusted EBITDA loss of approximately $ 304,000 in the prior year quarter.

Balance Sheet as of March 31, 2015

As of March 31, 2015 and December 31, 2014, the Company had $ 1.1 million in cash and cash equivalents and working capital of $ 1.9 million, which demonstrates our strong liquidity and continued investment in the growth of ICTV. Additionally, the Company had no debt obligations at both March 31, 2015 and December 31, 2014.

Conference Call

ICTV will hold a conference call to discuss the Company’s first quarter 2015 results and answer questions today, May 7, 2015, beginning at 4:30pm EDT. The call will be open to the public and will have a corporate update presented by ICTV’s Chairman and Chief Executive Officer, Kelvin Claney, President, Richard Ransom and Chief Financial Officer, Ryan LeBon, followed by a question and answer period.

The live conference call can be accessed by dialing (866) 952-1906 or (785) 424-1825. Participants should ask for the ICTV Brands Earnings Conference Call. Participants are recommended to dial-in approximately 10 minutes prior to the start of the event. A replay of the call will be available approximately two hours after completion through May 21, 2015. To listen to the replay, dial (800) 753-5575 (domestic) or (402) 220-0683 (international). The conference call transcript will be posted to the Company’s corporate website (http://www.ictvbrands.com) for those who are unable to attend the live call.

ICTV Brands, Inc.

ICTV Brands, Inc. sells various health, wellness and beauty products through a multi-channel distribution strategy. ICTV utilizes a distinctive marketing strategy and multi-channel distribution model to develop, market and sell products through direct response television (DRTV), Internet/digital, e-commerce, live television shopping and retail. Its products are primarily sold in the U.S. and available in over 60 countries. Its products include DermaWand, a skin care device that reduces the appearance of fine lines and wrinkles, and helps improves skin tone and texture; DermaVital, a professional quality skin care range that effects superior hydration; Jidue, a facial massager which helps alleviate stress; Derma Brilliance, a cosmetic skin resurfacing system; and CoralActives, a line of acne treatment and skin cleansing products. ICTV Brands, Inc. was founded in 2002 and headquartered in Wayne, Pennsylvania.

Non-GAAP Financial Information

Adjusted EBITDA is defined as income from continuing operations before depreciation, amortization, interest expense, interest income, and stock-based compensation. Adjusted EBITDA is not intended to replace operating income, net income, cash flow or other measures of financial performance reported in accordance with generally accepted accounting principles. Rather, Adjusted EBITDA is an important measure used by management to assess the operating performance of the Company. Adjusted EBITDA as defined here may not be comparable to similarly titled measures reported by other companies due to differences in accounting policies.

Forward-Looking Statements

Forward-Looking Statements. This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words “believe,” “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project,” “prospects,” “outlook,” and similar words or expressions, or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could” are generally forward-looking in nature and not historical facts. These forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company’s forward-looking statements, please see the Company’s Annual Report on Form 10-K for the year ended December 31, 2014, including but not limited to the discussion under “Risk Factors” therein, which the Company has filed with the SEC and which may be viewed at http://www.sec.gov.

Contact Information

Rich Ransom

ransom(at)ictvbrands(dot)com

484-598-2313

Ryan LeBon

lebon(at)ictvbrands(dot)com

484-598-2300, x318







First Facial Plastic Surgeon in Atlanta To Offer NeoGraft Advanced Hair Transplant

Wednesday, June 3rd, 2015


Atlanta, GA (PRWEB) April 28, 2015

Dr. Benjamin Stong of Kalos Facial Plastic Surgery, LLC in Atlanta, Georgia proudly offers the latest in hair loss treatment. Dr. Stong is double board certified and the only facial plastic surgeon in Atlanta to offer the NeoGraft Hair Transplant System. NeoGraft involves the automated use of Follicular Unit Extraction (FUE), which is considered the gold standard in hair transplantation.

According to the American Academy of Dermatology, hair loss affects over 50 million men and 30 million women in the United States. Hair loss can be caused by a variety of factors including hormonal changes, aging, genetics, illness and medications. Dr. Stong is qualified to accurately diagnose a patient’s hair loss cause and recommend the best possible hair restoration procedure. The NeoGraft system has helped countless men with male pattern baldness, restoring a full, healthy head of hair with natural hairlines.

In the past, hair transplant surgery consisted of a “strip method” technique, which can leave unsightly linear scarring and restrict a patient’s hairstyle. With the NeoGraft technology, patients can now undergo natural hair restoration surgery without the use of a scalpel or the need for stitches. NeoGraft is an automated machine for Follicular Unit Extraction (FUE) hair transplant surgery. It relies on the precision and skill of a surgeon to guide the device and extract individual follicular units from the donor area of the scalp. Healthy grafts are then implanted into the recipient area of the scalp in a way that is consistent with a patient’s natural hair growth pattern.

NeoGraft offers invaluable advantages to both men and women with hair loss. The procedure is highly efficient, requires minimal downtime and delivers superior, long-lasting results. “I feel fortunate to help patients, both men and women, with such innovative and minimally invasive hair transplant techniques,” said Dr. Stong. “Hair loss can significantly hinder your quality of life, impacting your emotional well being and even your professional career. We are pleased to offer NeoGraft as an effective, state-of-the-art hair loss solution that is both comfortable and convenient.”

The cost of the Neograft procedure is based strictly on the number of grafts needed to achieve a patient’s ideal results. Dr. Stong also offers Follicular Unit Transfer and Non-surgical hair loss treatment in addition to the NeoGraft automated FUE procedure.

About Dr. Benjamin Stong and Kalos Facial Plastic Surgery, LLC:

Owner and facial plastic surgeon, Dr. Benjamin Stong is dual board certified in Head and Neck Surgery and Facial Plastic and Reconstructive Surgery. He completed his fellowship under one of the most nationally renowned plastic surgeons, Dr. Andrew Jacono in New York. He has combined such a reputable level of training with his own proven experience and talent to bring patients of Atlanta outstanding results in plastic surgery. Kalos Facial Plastic and Reconstructive Surgery specializes in providing the most advanced techniques in facial plastic surgery and other cosmetic services.

Dr. Stong will be holding a Neograft® event on June 29, 2015 from 6:00pm-8:30pm. There will be representatives from Neograft® at the event, as well as a presentation on medical hair loss and the Neograft® procedure. We will be highlighting the advantages of the Neograft® procedure compared to traditional strip method techniques as well as other FUE systems including minimal downtime, no scarring, and a 98% survival rate for donor grafts.

Dr. Stong believes strongly in humanitarian efforts. Dr. Stong is on the board of the Christy Sims Foundation, has volunteered his facial plastic surgery services to Christy and is also in charge of fundraising for the Christy Sims Foundation. Christy was tragically burned in a terrible act of domestic violence in 2013. Through many surgeries, laser skin treatments and other treatments, Christy has been on an arduous journey to rebuild her life.

If you would like to get more information about hair restoration offered by Kalos Facial Plastic Surgery, LLC, please call their Atlanta office at (404) 963-6665 or visit their website at http://www.kaloshairtransplant.com.







Bemis North America is the First Film Supplier to Bring the Shaka

Saturday, March 28th, 2015


Covington, LA (PRWEB) October 29, 2014

Allpax powered by Pro Mach, will display during Pack Expo 2014 in Chicago a new 2402 multimode R&D retort equipped for Shaka® agitation and custom built for Bemis Company, Inc. film testing lab in Neenah, Wisconsin. This versatile R&D retort, the fourth Allpax laboratory retort purchased by Bemis, will be used to quickly and accurately verify optimum tray and film solutions for the agitation retort process and shorten time to market for customers.

Agitation retorts sterilize low acid foods and improve food quality by thoroughly heating trays and pouches an average of 30 to 60 percent faster for Gentle Motion and 50 to 90 faster percent for Shaka than non-agitation methods. Agitation and rapid heat transfer put more stress on trays and films than the typical sterilization process. Bemis will use the multimode retort to simulate agitation production conditions.

“We have an interactive product development process with customers and are able to effectively test trays and films under simulated production conditions before those materials reach customer packaging lines, saving significant amounts of time,” said Jim Lamb, Research Engineer, Bemis North America. “Having these advanced R&D retorts enables us to partner with our customers to develop processes that bring products to market faster, ensure food product quality, and improve overall throughput of customers’ packaging operations.”

The new Allpax 2402 multimode R&D retort has been called the Swiss army knife of retorts because these units offer so many options, including simulating production conditions for water immersion, water spray, saturated steam, steam air, hydro-sim, and steri-sim, and Shaka, Gentle Motion, end-over-end rotation, rocking, and axial-sterilamatic agitation.

The Allpax MONITOR retort control system has been reviewed and accepted by both the FDA and USDA. It features automatic, on-line deviation correction, retort log reporting, electronic signatures, multi-level security, alarm reporting, and optional Ball Formula process calculation.

Allpax has demonstrated that Shaka G-force-level reciprocation is ideal for processing hard to retort foods and producing shelf-stable premium foods, abilities which can help companies achieve product differentiation. Gentle Motion lower-speed reciprocating retorts are optimal for increasing retort room throughput and quality.

“Bemis has been purchasing Allpax R&D retorts and acquiring the latest shelf-stable food sterilization technology and capabilities for nearly 20 years,” said Greg Jacob, Vice President and General Manager, Allpax. “This demonstrates outstanding leadership by Bemis and the emphasis the company places on product development partnership with its customers. We are proud to have custom built our latest and most advanced 2402 R&D retort for Bemis and to display the unit in the Allpax booth at Pack Expo 2014.”

For more information on R&D and production options for Shaka and Gentle Motion agitation retorts and the company’s extensive lines of non-agitation retorts, control systems, replacement parts, and programs for retort room revitalization and automation, call 1-888-893-9277 and visit http://www.Allpax.com.

About Allpax Products

Allpax Products, a market leader in retort technology and retort room automation, designs, manufactures, and delivers turnkey sterilization solutions for the food, beverage, pet food, and pharmaceutical industries. The company is recognized for helping customers become more successful by decreasing time to market with laboratory retort equipment, lowering overall labor costs through automation, and increasing the overall throughput of the sterilization process. http://www.Allpax.com

About Bemis Company, Inc.

Bemis in North America works collaboratively with forward-thinking customers to deliver inspired food and consumer packaging that enables customer success. They spark product breakthroughs through bold thinking, deep customer engagement and consumer insights. They are committed to high quality execution and technical support that provides peace of mind. And they find ways to streamline costs through more efficient operations and better ways of working. Bemis in North America is part of the Bemis Company, Inc., a global $ 5.0 billion Fortune 500 company with 67 facilities and 19,000 employees. With a presence across the Americas, Europe, and Asia, Bemis offers the unsurpassed scope and expertise that can truly redefine a business. Yet as individual collaborators, their experts focus on helping each customer move ahead, one success at a time. More information is available http://www.bemis.com.

About Pro Mach

Pro Mach is a leading provider of integrated packaging and processing products and solutions for food, beverage, consumer goods, pharmaceutical, and other diverse companies. Through its brands, Pro Mach provides product packaging and processing equipment, PMMI certified training, installation, parts, and service in Bottling & Capping, Primary Packaging, Flexible Packaging, Material Handling, Identification & Tracking, and End-of-Line Packaging.

Pro Mach has a diverse customer base, from Fortune 500 companies to smaller, privately-held businesses worldwide, which depend on reliable, flexible, technologically advanced equipment and integrated solution sets. Pro Mach is headquartered near Cincinnati, Ohio, with manufacturing facilities and offices throughout the United States, Canada, and Europe. For more information about Pro Mach, visit http://www.ProMachInc.com.







More USDA Manufacture Press Releases

First Ever Over-the-Counter Organic Anti-Itch Ointment Developed by US Organic Group Corp.

Monday, October 27th, 2014


Bergen County, New Jersey (PRWEB) May 21, 2013

The first ever over-the-counter anti-itch ointment remedy to carry the USDA Organic Certified Seal, Anti Itchbalm, is ready to come to pharmacies and drug stores across the country. It’s an innovative and effective product which will help attract more customers to independently owned pharmacies looking to better serve their community.

US Organic Group Corp. has developed Anti Itchbalm with 100% pure, all-natural and organic ingredients. It can be safely used on both adults and children, effectively soothing bug bites, reducing redness and inflammation, supporting healing and relieving pain from insect bites, skin irritations and small cuts.

Currently, US Organic is offering free shipping for Anti Itchbalm. US Organic is also currently looking for sales reps and wholesalers to help distribute their innovative anti-itch product, Anti Itchbalm.

There are few OTC products or drugs of any variety which have been certified as organic by the USDA. FDA-registered Anti Itchbalm is the first balm-typed remedy for itchy skin to carry such certification, setting it apart from the competition, and providing a solution for the growing number of consumers looking to maintain an organic, natural and healthy lifestyle.

It meets a unique need in the marketplace and comes at the perfect time, as more people across the country are seeking all-natural alternatives for drugs, medicine and foods. Anti Itchbalm capitalizes on this and uses carefully honed techniques based on centuries of medicinal usage of herbs and essential oils.

Anti Itchbalm provides fast and effective itchy skin and rash relief, providing moisturizing and soothing benefits. It can be used for quick relief when it seems like nothing can stop the urge to itch skin caused by Eczema, minor burns and sunburns, cuts and scrapes, insect bites and atopic dermatitis.

It is a steroid-free, all-natural anti itch treatment, with an active ingredient of peppermint oil, and it’s an innovative solution which will get the job done.

More information about Anti Itchbalm, its recommended usage and full drug facts and specifications can be found online at AntiItchBalm.com.

About US Organic Group Corp.

US Organic Group Corp. was founded in 2011 by Leonard Moon. Based in Bergen County, New Jersey, the company strives to provide high quality, effective and safe products which are in harmony with nature, using only natural and organic ingredients. They have developed the innovative Anti Itchbalm, the first-ever balm-typed OTC drug for itchy skin with the USDA Organic Certified seal. Anti Itchbalm helps relieve pain, redness and itching caused by insect bites, skin irritations and small cuts. More information can be found at http://www.antiitchbalm.com, and Mr. Moon can be contacted directly at mij3461(at)us-organic(dot)com.







Related FDA OTC Registered Press Releases

Colorado’s First Zero Waste Market Launches Campaign to Create a Sustainable, Affordable Shopping Alternative

Wednesday, September 3rd, 2014


Denver, Colorado (PRWEB) September 03, 2014

Introducing ZERO Market, Colorado’s first zero waste grocery store coming to Denver, founded by Lyndsey and Jesse Manderson. A healthy, environmentally friendly, 100% plant-based grocery shopping experience, ZERO Market will be a one stop market for anyone looking to live a healthy and sustainable lifestyle. The store encourages customers to bring in their own reusable containers and bags to fill with organic and local groceries ranging from a wide array of dry bulk goods, local produce, fresh juices, smoothies, baked goods to household cleaners, soaps, and cosmetic ingredients. Glass and stainless steel containers of all sizes will also be sold in store. Along with package-free goods, ZERO market will offer hands-on workshops and lectures about cooking and nutrition, making your own cleaners and cosmetics, and gardening and composting. All activities will be geared towards promoting community connection and building awareness and knowledge surrounding health, wellness, sustainability and environmentalism.

More than 30% of garbage in the landfills come from packaging and containers. We greatly rely on single-use plastic packaging and most of it not only ends up in landfills, but also oceans, parks and roadways. It is spread across the planet by way of wind and water and every piece that was ever manufactured still exists today.

Lyndsey Manderson, co-founder of ZERO market said, “With all of the news about toxins in plastics and the increasing amount of garbage pollution in our oceans, we thought it was time to start thinking about ways we can counter these issues.” With an option like ZERO market, Lyndsey and Jesse hope to promote a more mindful awareness among consumers.

ZERO Market looks to join a tiny group of zero waste businesses that have emerged around the world over the last three years, almost all through crowd-funding efforts. With the help of the surrounding community and people across the world, crowd-funding projects like this give the public the opportunity to voice their support for a simple and sustainable solution. Currently there are only three other well-known zero waste grocery stores on the planet, but the paradigm is clearly shifting in the world of health, wellness and sustainability. ZERO Market is looking to be the next big step forward. The ultimate goal of this endeavor is to change the face of grocery shopping by directly addressing a variety of wasteful, unhealthy issues in today’s food industry. ZERO market will be a polar opposite alternative to conventional supermarket-style shopping by offering organic, local, fresh whole food with no single-use disposable packaging in order to promote and ensure our own health and the health of the planet.

Lyndsey and Jesse are actively seeking investors and have also launched an IndieGoGo campaign that ends at the End of September. Visit: http://igg.me/at/zeromarket for more information.

You can also connect with them on Facebook.