WEB NEWS Comments & Business Outlook
SYEV ($0.45) issued updated forward guidance for EPS for the fiscal year ended February 29, 2016 to the $0.07 - $0.08 range and Annual Revenues to the $11.0 - $11.5 million range vs. a negative ($0.05) EPS and $4.3 million in Annual Revenues in the prior fiscal year. For the fourth quarter:
The company states, it “anticipates that this recent trend will continue into the next fiscal year and beyond.”
Comments & Business Outlook
SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE )--Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle) (OTCQB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several announcements today relating to the fiscal quarter about to close and issued updated forward guidance for Q3 Revenues compared to Q2 Revenues which were $2.7 million and Q1 which were $2.3 million.
The increase in Q3 Revenue Guidance is primarily due to continued increases in the demand for private label products; targeted sales toward the emergency & disaster preparedness market, the success of which we attribute to increased worldwide awareness of the importance of preparedness due to highly-publicized natural disasters during the year; and the launch of our pH20 product line which increases the alkalinity of tap water to between 8.0 and 9.5 pH.
Comments & Business Outlook
SAN JUAN CAPISTRANO, Calif.--(BUSINESS WIRE )--Seychelle Water Filtration Products, a DBA of Seychelle Environmental Technologies, Inc. (Seychelle) (OTCQB: SYEV), a worldwide leader in the development, assembly and sale of proprietary portable water filtration bottles made several key announcements today.
Carl Palmer, Founder, President and Chairman, just returned from a three week trip to China and Japan and said, �We are now ready to capitalize on the growing awareness consumers have about the quality of their drinking water with portable filter systems that remove up to 99.99% of water borne contamination including radiologicals such as cesium 137, plutonium, radium and uranium; as well as new pH enhanced filters that improve hydration. He said that he "spent time visiting with potential new customers in seven major cities in China and Japan.� Mr. Palmer also indicated that he met with major distributors who sell to hospitals, medical clinics and pharmacies as well as large retailers, catalog houses, merchandisers, distributors and TV Infomercial marketers."
As a result of this trip, he said that: "Seychelle will launch on several fronts including the creation of a TV Infomercial in Japan with our Joint Venture partner, Sterling Global HRC, featuring radiological filters in our new 20 oz pull-top sports bottle. We believe that this is the fastest way to penetrate the market and increase public awareness. Based upon the success of our TV efforts, we feel that retailers will be more than anxious to stock our products. Mr. Palmer went on to say that he �also spent time looking for new product ideas and production sourcing opportunities in China and Japan so that, when we start selling in those markets in the third quarter, we can achieve economies of scale by producing some bottle parts locally; thereby reducing long-distance freight charges."
Dick Parsons, Chief Executive Officer, announced that: "We began test marketing our new 20 oz pull-top sports bottle in the US two months ago with a direct TV sales program. The new bottle design is such that you can hold it vertically, squeeze and drink while walking, riding a bike or driving a car and keep your eyes on the road! It comes in Clear FDA approved plastic in four different colors. The initial test market was for two weeks and produced over $114,000 in sales. Reorders for additional TV shows featuring this new bottle have exceeded $140,000 to date. Based upon the success of this test, we are considering making an Infomercial in the US for this bottle as a faster way of going-to-market."
Mr. Parsons added: "We also have had new distributor inquires from companies in India, Russia, Brazil and the Czech Republic. We are currently exploring those opportunities."
With Seychelle portable water filtration, consumers can drink, with complete confidence, perfectly filtered water that is great-tasting from a variety of sources � the tap, rivers, streams, ponds or creeks. The regular filter works for water from the tap while the standard and advanced filters are needed for most outdoor uses. The proprietary Seychelle Ionic Adsorption Micron Filtration (IAMF) has been tested extensively by Independent Government Laboratories in the US and throughout the world to strict EPA/ANSI protocols and NSF Standards 42 and 53 by Broward Testing Laboratories.