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Bond Laboratories Inc. Reports Third Quarter 2008 Results

^{Published on 2008-11-19 07:30:41 - Market Wire}
 

SOLANA BEACH, Calif.--([ BUSINESS WIRE ])--Bond Laboratories (OTCBB: BNLB) announces their third quarter 2008results. The Company achieved record revenue of $501,290 for the third quarter ended September 30, 2008. This represents a 20% increase over the second quarter of 2008.

"I believe the most significant advancement in our business has been the large size of the new accounts that we are now opening. This past quarter new customers included numerous large, well known convenience store chains, drug stores and supermarkets. In fact, a major convenience store chain with 500+ locations recently reported to us that our Fusion 2 oz. 6+ Hour Energy Boost shot was the number one seller for them in the category," stated Scott Landow, CEO of Bond Laboratories, Inc.

Sales: Net sales in the third quarter of 2008 were $501,290 compared with net sales of $2,114 in the third quarter of 2007. For the first nine months of the year, our sales were $1,126,659 vs. $3,119 for the same period during 2007. Our cash used in operating activities is $2,345,697 and $871,080 in the nine months ended September 30, 2008 and 2007 respectively. The increase is mainly attributable to the increase in operating expenses in the current year associated with the expansion of the Fusion brand name.

About Bond Laboratories, Inc.

Bond Laboratories is a premier marketer of healthy food and beverage products. Bond has brought together a seasoned team of highly successful sales and marketing executives with considerable experience in the launch and development of many well known branded products. Bond Laboratories, Inc. is currently focused on developing proprietary products, as well as delivery platforms, that address the needs and concerns of today's consumer. For more information on Fusion(TM) Energy Products, interested persons can go to [ http://www.fusionenergyboost.com ].

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby.

The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by, and information currently available to, the Company or its management.