RBC Life Sciences, Inc. (OTC Bulletin Board: RBCL), a provider of proprietary nutritional supplements, wound care and pain management products, reported today company-wide net sales of $6.49 million for the quarter ended September 30, 2009, compared to net sales of $9.93 million for the same quarter last year.
The company also reported a net loss of $152,000, or $0.01 per share, during the third quarter of 2009, compared to net earnings of $846,000, or $0.04 per share, during the same quarter in 2008.
"The global economy has continued to impact sales, particularly with our international licensees," said RBC Life Sciences President and CEO John W. Price. "Domestically, we're starting to see positive returns from recent initiatives designed to grow North American network marketing sales. Sales in North America increased 11 percent during the third quarter, year over year. We also more than doubled our current Associate network base in this market during the first nine months of 2009."
Within the last year, RBC Life Sciences has launched a company-wide branding effort that encompassed everything from redesigned labeling and new, streamlined product offerings to a new Associate compensation plan. In August, RBC Life Sciences introduced an industry-first brain health product, NeuroBright. A recent animal study showed that NeuroBright increased subjects' learning and memory by nearly 50 percent.
The patent pending product was released at the same time RBC Life Sciences announced the ClearPay System, the industry's first virtually balancing flex compensation plan. The ClearPay System was designed to reward the company's Associates more quickly, more often and more abundantly compared to other compensation plans.
SOURCE RBC Life Sciences, Inc.