Penny Stock News: PacificHealth Laboratories Reports First Quarter Profit

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MATAWAN, NJ–(Marketwire – May 4, 2011) – PacificHealth Laboratories, Inc. (OTCQB: PHLI), a leading nutrition company, today reported a profit of $27,230, or $0.00
per share, for the first quarter ended March 31, 2011 versus a net loss of
($269,230), or ($0.02) per share, for the same period in 2010.

Revenue increased to $1,731,611 in the first quarter of 2011 from
$1,650,265 for the same period in 2010. The sports performance portion of
our business increased approximately $160,000, or 10%. General and
administrative expenses decreased approximately $237,000 in the quarter
ended March 31, 2011 as compared to the same period in 2010.

Fred Duffner, President and CEO of PacificHealth Laboratories said, “I am
extremely pleased with the first quarter results. Net income would have
been even higher as it still included a small amount of restructuring costs
from 2010. To place our results in perspective, the last time the Company
showed an operating profit in the first quarter was seven years ago. First
quarter revenue does not include any substantial sales of our two new
products, 2ND SURGE® and ACCEL RECOVER™, which officially launched
beginning April 1.”

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Article source: http://www.marketwire.com/mw/release.do?id=1509881&sourceType=3