and the National Gardening Association (NGA) announce the
launch
of a new column, Gardening With Charlie. The lawn and garden segment's gross profit in the year 2004
remained stable with the prior year. The improvement in operating results also reflects improved
efficiency
in project management and operational changes made during the fourth quarter
of 2003
and during the year 2004. The Company expects to continue with this trend and expects
to report,
a net profit for the year 2005."
Since September 2004, the Company has made several important
management
changes, which include:
1.S. (SLBM), a Georgia corporation dedicated to the
production
of and distribution of mulch and related products, in Folkston,
Georgia. At the same time, it will
not harm the bees that
pollinate flowers or the ladybugs that feed on unwelcome pests.
About
Holy Terra Products, Inc.
mimi intensive
In his first two columns (now available for downloading), Charlie talks
about this year's award winning plants and provides tips for simple container
gardening. The landscaping
segment improved its
gross profit for the year 2004 by 83% when compared with the year 2003,
amounting
to 27. Notwithstanding the above, the total net loss recorded for the
year ended December 31, 2004
, was approximately $100,000 below the forecast
for the year of approximately $700,000.
Total sales
for the plant segment decreased by approximately $897,000 or 24%
when compared to the year ended
December 31, 2003.S. Garden Sprayer.gardening biodynamic
To fulfill this mission NGA offers publications and
programs
focused on five core areas: youth education, health and wellness,
environmental stewardship, community
development, and home gardening.20% for the year 2003 to 30. Spector, stated, "The State
Line acquisition
was an important decision for the Company and will enable the
Company to continue the growth in sales
noted during the last quarter 2004 and
the first quarter 2005.
Anti-Pest-O(R) is registered with
the U.antipesto.hort additives
The monthly syndicated column
is now available free-of-charge to newspapers, magazines
and Web sites.
The lawn and garden segment's net loss for the years ended December 31,
2004
and 2003, were $146,000 and $240,000, respectively, a decrease of
approximately 39. (State Line)
, a Florida
corporation, which is a wholly owned subsidiary of the Company. The year 2005
should
be our best year, not only in revenues, but also in gross profit and
net income.71)
Weighted
average
number of
common shares 2,186,717 2,111,499 2,186,717 2,111,499
manufactures, packages and distributes
Anti-Pest-O(R) insect repellent from locations
in Portland, South
Portland and Lisbon, Maine.pests grouped
For more information about Family Features, please
visit
http://www.com or call 1-800-800-5579. Although no
significant damages were reported to
the crop, some structures were damaged.
The improvement experienced in this segment is mostly
related to an
increase in sales of $461,000, while maintaining the gross profit margin
stable
at 43%, thus, increasing the gross profit by $198,000. mainland.
The Company wishes to caution
readers not to place undue reliance on any
such forward-looking statements, which speak only as of
the date made, and to
advise readers that various factors, including regional and national economic
conditions, natural disasters, competitive and regulatory factors and
legislative changes, could
affect the Company's financial performance and
could cause the Company's actual results for future
periods to differ
materially from those anticipated or projected.hydroponic exploratorium
Improved results
in this section
also reflect savings in shipping supplies of $36,000, net of
an increase in allocated expenses (overhead
) of approximately $58,000 and an
increase in salaries of approximately $71,000.
Chairman
of the Board, President and CEO Highlights
The Chairman of the Board and CEO, Michael J.
3. and Anti-Pest-O(R), and the ability to
order product on-line, can be found at www.preparations bonsai
Nardozzi
is a
nationally recognized garden writer, book author, speaker and radio and
television personality
. Editors are encouraged to visit
http://www. Subsequently, the
Company collected a net amount
of $103,000 from insurance related to damaged
properties. This reflects an
improvement for this
segment of approximately 34%.4% in 2004, resulting in a decrease in
absolute gross profit of approximately
$285,000.
The landscaping segment recorded a net income of $232, compared to a net
loss of
approximately $535,000, for the years ended December 31, 2004 and
2003, respectively. Spector and
Mr.2%; showing the results of
better pricing structures and the increase in revenues for the most
profitable
segments of the Company.
On February 17, 2005, the Company acquired substantially
all the assets
(other than real estate) and assumed certain liabilities and the operations of
State
-Line Bark + Mulch, Inc.
The Chairman of the Board and CEO, Michael J.exploratorium suiseki
"
Gardening with
Charlie is also available to Web sites through Family
Features' Web feed, eSyndicate, which delivers
lifestyle content to more than
600 Web sites. and its subsidiaries (collectively, the "Company")
are
in the business of growing, distributing and installing tropical plants and
trees.
"It
's our own organic insect repellent for plants," explains Holy
Terra's VP of Sales + Marketing, Mike
St.
A biopesticide and natural reproductive inhibitor, Anti-Pest-O(R)
has been proven effective
in repelling Japanese beetles, ants, aphids,
whiteflies, spider mites, and thrips, among other insects
.gardeners rhythms
Editors interested in more information about running Gardening
With Charlie can visit http://www
.com.com to register for free content and download
materials. Family Features' clients include some
of the nation's top
companies, commodity boards and associations, and their advertising and public
relations agencies.
The plant segment reflected net losses of $471,000 and $714,000 for the
years ended December 31, 2004 and 2003, respectively. Mr. Carrasquillo as the Company implements
its growth
strategy on the U. The Company hopes to receive final approval from the
Puerto
Rico Planning Board during the second quarter of 2005 and could begin
construction, subject to financing
and the obtaining of all necessary permits,
as early as the fourth quarter of 2004. In addition,
the Company has a participation in a
joint venture in a sod and tree farm in Salinas, Puerto Rico
.
The Company does not undertake, and specifically disclaims any obligation,
to update any
forward-looking statements to reflect occurrences or
unanticipated events or circumstance after the
date of such statements.
MARGO CARIBE, INC. 31, Dec. 31, Dec.52
) ($0.
Business Editors/Environment Writers
PORTLAND, Maine----At Holy Terra
Products
there is the aroma of pepper and garlic in the air. Clair. Additional information
about Holy Terra
Products, Inc.gardeners mimi
FamilyFeatures.familyfeatures.28% for the year 2003.
For the years ended December
31, 2004 and 2003, the Company incurred a net
loss of approximately $617,000 and $1,492,000, respectively
, an improvement of
58. The Company appointed Juan B. This represents an increase of
approximately
$541,000 or 28% over the sales reported for the fourth quarter
of the year ending December 31, 2003
.
Sales of Rain Forest Garden Products continued their growth during 2004,
with an increase
of $190,000 or 9%, compared to 2003 results. The Rain
Forest product line is being featured by most
of the major chains in Puerto
Rico, including The Home Depot and Wal-Mart International, as well
as leading
garden centers. First quarter sales and gross profit margins reflected continued
improvement
, showing an increase in combined sales of $233,000 or 11% as
compared to 2004. But make
no mistake;
this recipe is not for a sweet-smelling salsa dish. It
is also certified by the Organic Materials
Review Institute (OMRI) and
is safe for use around children and pets.grouped pests
, Family Features Editorial
Syndicate, Inc.org .
These were repaired within a short period of time. In addition, improvement
in
2004 when compared to 2003 is related to costs associated with closing the
Barranquitas nursery
operation, which amounted to approximately $254,000 for
the year ended December 31, 2003. Spector
, the Founder and Chairman of the Board continues to serve
as the CEO of the Company and has
taken over the day-to-day operations
of the Company. Spector, stated, "Management
continues
to focus on costs and sales, as well as gross margins. The Company's real estate development subsidiary
is currently
seeking the required permits for an affordable housing project in the
Municipality
of Arecibo, Puerto Rico.
Since February 17, 2005, the Company is also engaged in bulk or
bagged
ground cover sales (mainly mulch, soil, and compost) through the newly created
subsidiary
, Margo State Line, Inc.lovetoknow intensive
The net loss amounts represent a diluted (loss) income per common
share of
($0. Spector, stated, "The
results for the year and the quarter ended December 31, 2004, were better
than
expected, showing the efficiencies in cost management, better pricing
structure for the landscaping
segment, and the continued strength of garden
and landscaping sales. Savings
in combined selling
, general and administrative expenses for the year 2004, as
compared to the year 2003, amounted to
approximately $495,000 or 13%.bonsai preparations
Summary of Operations
Net sales for the Company for
the year ended December 31, 2004, remained
at similar levels compared to net sales for the year ended
December 31, 2003,
amounting to $8,423,000 for the year 2004 and $8,433,000 for the year 2003.28
) and ($0. Also included in the plant
segment results for the year ended December 31, 2004, were the
commissions and
equity in earnings from an investment in an unconsolidated joint venture
(Salinas
Holdings) for the amount of $312,000.17%. Medina; former Senior Vice President of
Finance
and Chief Financial Officer, as the new President and COO,
effective March 4, 2005. This segment
also reflected a strong improvement in 2004 net profits, recording a net
income of $125,000 in
2004, compared to net loss of $14,000 in 2003. The Company also
acts as sales representative for
several consumer goods brands in Puerto Rico
and Mexico. AND SUBSIDIARIES
Summary
of Consolidated Financial Results
Three months Twelve
months
Ended Ended Ended Ended
Dec.
All-natural Anti-Pest-O(R) was developed four years ago by Dr. and 32 oz.carnivorous gardening
familyfeatures
. Gross losses resulting from
Tropical Storm Jeanne amounted to approximately $181,000. The significant
improvement in the operating results in
this segment reflects the full-year effect of adjustments
in pricing for old
contracts implemented during the last quarter of 2003, as well as the results
of new maintenance contracts (private and governmental) signed during this
period. Medina will
be working closely with
Mr. 31, Dec. 31,
2004 2003
2004 2003
(Unaudited) (Unaudited) (Audited) (Audited
)
Net sales $2,451,000 $1,909,000 $8,423,000 $8,433,000
Net loss
($76,000) ($1,112,000) ($617,000) ($1,492,000)
Net loss diluted
per share
($.
Holy Terra Products, Inc.
suiseki hydroponic
Gardening With Charlie features Charlie
Nardozzi, Senior Horticulturist
and spokesperson for the National Gardening Association.
About Family Features
Family Features Editorial Syndicate, headquartered in Mission, KS, was
established in 1974 and is a leading producer and distributor of syndicated
food and lifestyle
content for the national media - including thousands of
newspapers, magazines and online outlets
.
The lawn and garden segment and the landscaping segment reported increases in
net sales of $461
,000 and $426,000, respectively, compared to the same period
a year ago. Sales and gross profits for
the first quarter of 2005
continue to expand in line with the strong growth observed during the last
quarter of 2004. Clair.lovetoknow planetary
MISSION, Kan. The columns will cover a variety of garden topics throughout
the
year from pest controls, to shrubs, to fall planting and composting.culinary.Margo Caribe Inc
. Reports 2004 Year-End Results With Strong Growth in Revenues and Profits During the Last Quarter of
Fiscal Year 2004 and Plans to Continue
The Gross profit for the Company for the year ending
December 31, 2004,
increased by 9%, from 28.74% for the year 2004, an
improvement of 9%.
The
gross profit performance for the lawn and garden segment and the
landscaping segments were offset
by a decrease in the gross profits for the
plant segment of 19.38%, when
compared. On September
14, 2004, the
Island of Puerto Rico was hit by Tropical Storm Jeanne. Mr.
2.
Total
gross profit for the year improved by 2.
Margo Development Corporation, the Company's real estate
development
subsidiary, is in the final stages of obtaining the required permits to
develop a
low-cost housing development, consisting of approximately 425 houses
in Arecibo, Puerto Rico.
According
to the National Gardening Association, more than 51
million households purchase products to control
insect populations
each year.
Anti-Pesto-O(R) is available in ready-to-use 16-oz.Home/Gardening
is an information-only area listing sites that offer resources for home gardeners.
lovetoknow mimi
"The new gardening
column by Charlie Nardozzi allows
Family Features to provide an even wider range of free quality
editorial
content to print and online publications and their readers.
The operating expenses
for the year ended December 31, 2004, were
$3,327,000, compared to $4,076,000 for the year ended
December 31, 2003,
resulting in a reduction in operating expenses of $749,000 or 18. The gross profit
margin
decreased from 19. Gross profit for the first quarter 2005 amounts to
approximately 45
.Anti-Pest-O Insect Control Protects Plants Organically
contributed carnivorous
Family Features and National Gardening Association
Launch Gardening Column
71), for the years 2004 and 2003, respectively. As part of the
transaction, the assets acquired were merged into a
newly created corporation, Margo State Line,
Inc.
The Chairman of the Board and CEO, Michael J.03) ($0. And
equally important, it
does no harm to soil, air, or water. Anti-Pest-O(R) is currently available at
local and regional
lawn and garden centers and hardware stores as well
as grocery and natural foods stores from Maine
to Florida including
Wild Oats, Food Lion, Delicious Organics, Kash n' Karry, Ukrop's,
Foodtown
, Farm Fresh, Hannaford and Shaw's.additives hort
Total gross profit increased by approximately
$185,000 or 7%,
when compared to the prior year.
During the last quarter of 2004, a strong increase in sales
was noted,
with sales reaching approximately $2,451,000. It does
this by forming a protective
barrier that pests find unpleasant to
smell or taste.xeriscaping gardeners
com/columns or contact Wendy
MacDonald, Media
Communications Manager at wmacdonald@familyfeatures. (Nasdaq: MRGO) and its subsidiaries (the "Company
") reported operating
results for the year ended December 31, 2004.
For the year ended December
31, 2004, the losses from the plant segment,
as mentioned above, also reflect a decrease in sales
and related gross profit. mainland. The Company appointed Luis R. Unaudited results for
State Line
for the period from February 17 to March 28, 2005, reflect revenues
amounting to approximately $555
,000 with a gross profit of 63%."
Margo Salinas, a joint venture in which the Company has a one
-third equity
interest dedicated to the growing of sod and trees, had a strong year in 2004,
recording
$1,310,000 in revenues and $333,000 in net income. Jim
White, a Maine research botanist.biz
optionally carnivorous
The
new column appeals to readers with its insightful horticultural information
and practical
gardening tips.
"The National Gardening Association is recognized as an authority on
America
's consumer lawn and garden market.garden.65%. It contains three natural
ingredients, habanero peppers
, garlic, and Azadirachtin, the natural
active ingredient found in the seeds of India's neem tree
.rhythms pests
Increases in the lawn and garden segment and the landscaping
segment were offset by a decrease in
net sales in the plant segment of
$897,000.97% for the year 2004, compared to 15. The
net loss
for the year ended December 31, 2004, was principally due to losses
in the plant and in the lawn
+ garden segments. The aggregate
purchase price was $2,600,000 plus the liabilities assumed of $690
,186.
As a result of the transaction, the Company hopes to become one of the
leaders in the
bulk and bagged ground cover (mainly mulch, soil, and compost)
industry in Puerto Rico and the U
. It also expects to reduce costs
through economies of scale and cost savings programs. This will
enable the Company to expand into the United
States mainland markets.
spray bottles and as a 64
-oz. It is also available in
concentrate form for mixing at home.carnivorous enabled
net to find a comprehensive collection
of articles, links
and other resources.
About National Gardening Association
The
National Gardening Association (NGA), founded in 1972, is a national
nonprofit leader in plant-based
education. For more
information, visit http://www. VEGA ALTA, Puerto Rico, Margo Caribe,
Inc
.
During 2004, the effects of the cost containment program implemented
during the last
quarter of 2003 reflected the first full-year effect. During the second quarter of 2004, we introduced
our new
packaging for our potting soil line, with bi-lingual labels and instructions
in English
and Spanish.1%, or an improvement of 10%, over the gross profit reported
for the same period in 2004
."
About Margo Caribe
Margo Caribe, Inc. The Company is also engaged in the manufacturing
and distribution of
its own line ("Rain Forest") of planting media and aggregates, the
distribution
of lawn and garden products and also provides landscaping design
and installation services.
Forward Looking Statements
When used in this press release or other public or shareholder
communications, or in oral statements made with the approval of an authorized
executive officer
, the words or phrases "would be," "will allow," "intends
to," "will likely result," "expect," "are
expected to," "will continue," "is
anticipated," "believes," "hopes," "estimates," "project" or similar
expressions are intended to identify "forward-looking statements" within the
meaning of the Private
Securities Litigation Reform Act of 1995. Environmental
Protection Agency, and is approved for both
indoor and outdoor use.contributed propagation
Family Features is pleased to
partner with NGA," said Dena Strum Klein,
president of Family Features
Editorial Syndicate, Inc.37% for the year 2004. The operating expenses
for the plant and the landscaping segments
for the year 2004 experienced a decrease when compared
to the year 2003 of
$359,000 and $239,000, respectively, which were partially offset by an
increase
of $103,000 in the operating expenses for the lawn and garden segment
for the year 2004. The losses
from the plant
segment for the year ended December 31, 2004, are mainly attributable to a
charge
of $87,000 for damaged inventory and slow moving items, the net loss of
$78,000 related to Tropical
Storm Jeanne, and the decrease in gross profit for
the segment of approximately $285,000.1% in 2003
to 15.28) ($0. S.hydroponic carnivorous
Food, home and gardening enthusiasts can explore
http://www. Its mission is
to promote gardening
as a means to renew and sustain the essential connection among people, plants
,
and the environment. Carrasquillo as our Senior Vice President
of Finance and Chief Financial
Officer, effective March 4, 2005. "We believe that home users, nurseries, municipalities,
golf courses
, lawn service companies and pest control operations are
all potential customers," said St. Explore
the subcategories to find information about gardens, plants, techniques, and other topics.
carnivorous lovetoknow
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