SALT LAKE CITY, Oct. 19, 2010 (GLOBE NEWSWIRE) -- Sport Endurance, Inc. (OTCBB:SENZ), a health supplement company, announced today that the Company anticipates significant revenue growth during the fourth quarter of the calendar year, 2010. Revenues for the quarter are expected to exceed $1 million.
Recently, the Company announced that it had signed an exclusive agreement with Mr. Checkout Distributors, Inc. to deliver the Company's proprietary products including its revolutionary 8 Hour Energy Liquid Gel Caps, Creatine Liquid Gel Caps, and Natural Sleep Aid Liquid Gel Caps to convenience stores across the nation. Mr. Checkout Inc. has an exclusive distribution agreement with 44,000 nationwide retail stores. Mr. Checkout also works with an additional 250 distributors who represent up to 100,000 retail stores.
"We are pleased to announce that our revised revenue growth estimates will outpace our original projections," said Robert Timothy, CEO of Sport Endurance, Inc. "This growth is a testament to the effectiveness of our recent sales efforts. As we continue to expand our sales and distribution networks, revenues are expected to continue to accelerate. We expect to generate over $7.4 million in sales of our revolutionary Liquid Gel Cap products through 2011, and surpass $38.7 million in revenues by 2013."
The market for energy-boosting products has ballooned by more than 400% over the past five years. Sales have grown from $1.2 billion in 2002 to an estimated $6.6 billion in 2007. Market research firm, Packaged Facts, also projects that the energy supplement market will reach $9.3 billion by 2011.
Safe Harbor Disclaimer
This material includes forward-looking statements based on management's Current reasonable business expectations. In this document, the words "can," "anticipates," "believes" and similar expressions identify certain forward-looking statements. These statements are made in reliance on the Private Securities Litigation Reform Act, Section 27A of the Securities Act of 1933, as amended. There are numerous risks and uncertainties that could result in actual results differing materially from expected outcomes. The material should be read in conjunction with the Company's current annual and quarterly reports filed with the SEC, which contain discussions of currently known factors that could significantly impact the Company's future.
CONTACT: Sport Endurance, Inc. Robert Timothy, President 888-511-9018