BOCA RATON, FL -- (Marketwire) -- 11/20/12 -- Delta Entertainment Group, Inc. ("Delta Entertainment") (OTCBB: DENG) is pleased to announce results for its fiscal third quarter, for the three months ended September 30, 2012.
Total revenue for the three months ended September 30th 2012 were $ 139,026, representing an increase of over 500 % from $ 25,581 for the quarter ended September 30th 2011.
Gross Profit margin increased over 1400 % from $ 6,184 to $ 88,070 and Operating Loss decreased 76 % from $ 126,498 to $ 30,288. The increase in Gross Profit margin and decrease in Operating loss were primarily attributable to increased Sales of our teeth whitening products and services in our PearlBrite Concepts, Inc. subsidiary (www.pearlbrite.net).
Third quarter highlights include sales of PearlBrite teeth whitening pens and kits to 534 Walgreens in the South Florida, Indianapolis and Cincinnati vicinity.
"PearlBrite continued to make progress toward our financial objectives during the third quarter," said Leonard Tucker, CEO of Delta and PearlBrite. "Looking ahead, we hope to continue to grow and scale our business through additional sources of distribution and introduction of new products. The ever growing team of skilled professionals that make up Delta and PearlBrite are dedicated on a daily basis to our mission of building significant long-term value for our shareholders."
The results for the fiscal third quarter can be read in its entirety at www.sec.gov/Archives/edgar/data/1481199/000116169712000877/0001161697-12-000877-index.htm
About Delta Entertainment Group, Inc.
Primarily a holding company for its subsidiaries, PearlBrite Concepts, Inc., www.pearlbrite.net, a non-dental cosmetic teeth whitening company, PearlBrite has a licensing agreement with Reality Star Teresa Giudice, as seen on Bravo Media's "The Real Housewives of New Jersey" and NBC's "Celebrity Apprentice" to use Teresa's name, likeness and image for product branding and marketing of teeth whitening products. Bravo Media's "The Real Housewives of New Jersey" reunion part one was the #1 unscripted cable entertainment telecast for the week (10/2/12) and pulled in 5.8 million total viewers for the night (9/30/12), across all plays, according to Nielsen. The 10PM premiere telecast garnered the highest rated episode of the season with 3.5 million total viewers and 2.1 million adults 18-49, marking season-over-season growth. Teresa's official website www.TeresaGiudice.com receives millions of hits per month. Teresa's Twitter https://twitter.com/teresa_giudice has over 615,000 followers and Facebook http://www.facebook.com/pages/Teresa-Giudice/122688361577?ref=sgm has over 506,000 likes.
Captivating Concepts Corp., a producer and marketer of cosmetics including, but not limited to, color cosmetics such as nail polish and lipstick through mass market retailers.
Creative Music Group, Inc., www.cr8tivemusic.com, a manager, promoter and developer of recording artists in the entertainment industry.
Please visit our corporate website at www.pearlbriteconcepts.com to learn more about Delta and its subsidiaries.
As the nation's largest drugstore chain with fiscal 2011 sales of $72 billion, Walgreens (www.walgreens.com) vision is to become America's first choice for health and daily living. Each day, Walgreens provides nearly 6 million customers the most convenient, multichannel access to consumer goods and services and trusted, cost-effective pharmacy, health and wellness services and advice in communities across America. Walgreens scope of pharmacy services includes retail, specialty, infusion, medical facility and mail service, along with respiratory services. These services improve health outcomes and lower costs for payers including employers, managed care organizations, health systems, pharmacy benefit managers and the public sector. The company operates 8,507 drugstores in all 50 states, the District of Columbia and Puerto Rico.
Forward-Looking Statement: This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements.
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