-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, JP2HfqRHn5DslfbT7+jzRg44UxBOl+gsSWMOnFORd3YCDoxYEB/6OuIIY+gGh3W8 GZIJ+dgiCJRs6Uuos/iAOQ== 0001169232-04-002553.txt : 20040504 0001169232-04-002553.hdr.sgml : 20040504 20040504113058 ACCESSION NUMBER: 0001169232-04-002553 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040504 ITEM INFORMATION: ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040504 FILER: COMPANY DATA: COMPANY CONFORMED NAME: RELIV INTERNATIONAL INC CENTRAL INDEX KEY: 0000768710 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 371172197 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-19932 FILM NUMBER: 04776085 BUSINESS ADDRESS: STREET 1: 136 CHESTERFIELD INDUSTRIAL BLVD STREET 2: P O BOX 405 CITY: CHESTERFIELD STATE: MO ZIP: 63006-0405 BUSINESS PHONE: 3145379715 MAIL ADDRESS: STREET 1: 136 CHESTERFIELD INDUSTRIAL BLVD STREET 2: P O BOX 405 CITY: CHESTERFIELD STATE: MO ZIP: 63006-0405 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAN LIFE INVESTORS INC DATE OF NAME CHANGE: 19920315 8-K 1 d59444_8-k.txt FORM 8-K U.S. SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ------------------------------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): May 4, 2004 RELIV INTERNATIONAL, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 1-11768 37-1172197 (State or Other (Commission File Number) (IRS Employer Jurisdiction Identification No.) Incorporation) 136 Chesterfield Industrial Blvd., Chesterfield, MO 63005 (Address of Principal Executive Offices) (Zip Code) (636) 537-9715 (Registrant's Telephone Number, including Area Code) Item No. 7 - Exhibit (c) The following exhibit is attached hereto: Exhibit No. Exhibit 99 Press Release dated May 4, 2004 captioned: "Reliv International Opens 2004 with 67 Percent Gain in Net Profit as 1Q 2004 Net Sales Grow 26 Percent" Item No. 12 - Results of Operations and Financial Condition On May 4, 2004, Reliv' International, Inc. issued a press release reporting earnings and other financial results for its first quarter ended March 31, 2004. A copy of the Press Release is attached as Exhibit 99. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Reliv International, Inc. (Registrant) Date: May 4, 2004 By: /s/Stephen M. Merrick --------------------------------- Stephen M. Merrick, Senior Vice President 3 EX-99 2 d59444_ex99.txt PRESS RELEASE EXHIBIT 99 NEWS RELEASE FOR FURTHER INFORMATION, CONTACT: David G. Kreher Fred A. Nielson Al Palombo Chief Operating Officer Investor Relations Cameron Associates (636) 537-9715 (636) 733-1314 212-554-5488 Reliv International Opens 2004 with 67 Percent Gain in Net Profit As 1Q 2004 Net Sales Grow 26 Percent FOR IMMEDIATE RELEASE CHESTERFIELD, MO, May 4, 2004 -- Reliv International, Inc. (Nasdaq/NM - RELV), an international manufacturer and network marketer of nutritional supplements and other food technology products, today announced its results of operations for the three months ending March 31, 2004. Reliv's worldwide net sales grew 26 percent during the first quarter of 2004, to total a record-setting $23.48 million - up from $18.67 million in the same period last year. Net income available to common shareholders advanced at a significantly higher rate, climbing 67 percent to $1.63 million, or $0.11 per share basic ($0.10 per share diluted) in the first quarter. This compares to earnings of $978,000, or $0.07 per share basic ($0.06 per share diluted) in the first quarter of 2003. The 2003 earnings per share have been adjusted for the five-for-four stock split declared in September, 2003. The company's results were driven by an outstanding performance in the United States, Reliv's largest market - where first quarter net sales grew 30 percent compared to the prior-year period. This was the eighth consecutive quarter in which the company's U.S. sales grew at least 20 percent over the same quarter in the previous year. Several international markets contributed significant sales increases in the first quarter of 2004, as well - including Canada (up 45 percent), the United Kingdom (up 43 percent) and Australia/New Zealand (up 39 percent). Robert L. Montgomery, President and Chief Executive Officer of Reliv, said, "We're off to a great start in 2004, continuing the strong growth momentum we saw throughout last year. It's both gratifying and exciting to see this company prosper by focusing on the fundamentals of our business. Clearly, there's a lot of consumer demand for the balanced nutrition that Reliv products offer. When you combine those proven products with the exceptional business opportunity we provide to our distributors, the result is outstanding growth." Mr. Montgomery noted that Reliv continues to see a strong performance in its efforts to recruit new distributors for its marketing network. During the first quarter of 2004, sponsorships grew 20 percent in the U.S., and 14 percent worldwide, compared to the prior-year period, he said. -- MORE -- 4 Reliv International, Inc. ADD ONE Reliv International, Inc., based in suburban St. Louis, manufactures and distributes several lines of food products, including nutritional and fiber supplements, diet management products, functional foods, sports drink mixes and a line of premium skin care products. Its proprietary product lines include an extensive line of soy-based products. Reliv International's common stock trades on The Nasdaq Stock Market(R) under the symbol RELV. The Company will host a conference call to discuss the first quarter earnings at 1:00 p.m. Eastern Daylight Time on May 4, 2004. A live webcast of this call will be available through the Investor Relations section of the Company's Web site, http://www.reliv.com/us/investor. An online archive of the broadcast will be available on the Company's Web site in the Investor Relations section shortly after the call concludes. Please access the web site at least 10 minutes before the scheduled conference call to register. NOTE: Any statement released by Reliv International, Inc. that is forward looking is made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Editors and investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the Company's business prospect and performance. This includes economic, competitive, governmental, technological and other factors described in the Company's filings with the SEC on forms 10-K and 10-Q. -- FINANCIAL HIGHLIGHTS FOLLOW - 5 Reliv International, Inc. and Subsidiaries ADD TWO Consolidated Balance Sheets
March 31 December 31 2004 2003 ------------ ------------ (Unaudited) (Audited) Assets Current Assets: Cash and cash equivalents $ 9,753,767 $ 7,902,508 Accounts and notes receivable, less allowances of $5,000 in 2004 and $8,600 in 2003 782,881 751,887 Accounts due from employees and distributors 116,756 72,846 Inventories 5,108,300 4,670,319 Other current assets 1,848,680 1,024,103 ------------ ------------ Total current assets 17,610,384 14,421,663 Other assets 1,153,790 845,382 Net property, plant and equipment 9,883,183 9,413,871 ------------ ------------ Total Assets $ 28,647,357 $ 24,680,916 ============ ============ Liabilities and Stockholders' Equity Total current liabilities $ 10,210,878 $ 7,165,368 Long-term debt, less current maturities 3,701,835 3,700,138 Other non-current liabilities 785,125 743,032 Stockholders' equity 13,949,519 13,072,378 ------------ ------------ Total Liabilities and Stockholders' Equity $ 28,647,357 $ 24,680,916 ============ ============ Consolidated Statements of Operations Three months ended March 31 2004 2003 ------------ ------------ (Unaudited) (Unaudited) Sales at Retail $ 33,859,141 $ 26,856,164 Less Distributor allowances on product purchases 10,381,309 8,184,714 ------------ ------------ Net Sales 23,477,832 18,671,450 Costs and expenses: Cost of products sold 3,854,279 3,307,718 Distributor royalties and discounts 9,320,390 7,255,198 Selling, general and administrative 7,520,950 6,370,984 ------------ ------------ Total Costs and Expenses 20,695,619 16,933,900 ------------ ------------ Income from operations 2,782,213 1,737,550 Other income (expense): Interest income 20,470 15,742 Interest expense (65,231) (68,047) Other income\expense 14,195 (22,683) ------------ ------------ Income before income taxes 2,751,647 1,662,562 Provision for income taxes 1,110,000 685,000 ------------ ------------ Net Income $ 1,641,647 $ 977,562 ------------ ------------ Preferred dividends accrued and paid 12,292 -- ------------ ------------ Net income available to common shareholders $ 1,629,355 $ 977,562 ============ ============ Earnings per common share - Basic $ 0.11 $ 0.07 ============ ============ Weighted average shares 15,178,000 14,948,000 ============ ============ Earnings per common share - Diluted $ 0.10 $ 0.06 ============ ============ Weighted average shares 16,959,000 16,645,000 ============ ============
2003 earnings per common share and weighted average shares have been adjusted for the five-for-four stock split declared in September 2003. ** 30 ** 6 -----END PRIVACY-ENHANCED MESSAGE-----