NEW YORK, May 13 /PRNewswire-FirstCall/ -- Smart Balance Inc.
In his address to investors attending the conference, Hughes reviewed Smart Balance's strategies for growth, the company's accomplishments and performance to date, and its outlook for 2008.
"Smart Balance is a brand that stands for great taste and heart healthy benefits," said Hughes. "We are transforming the company to support our growth to a $500 million business."
Hughes said the company has continued to make progress on its 2008 plan and long-term goals with the effort to expand the core business, which is principally the Smart Balance(R) Buttery Spread category. Smart Balance is on track to reach its "Plus Six" distribution expansion goal of 18 items per store, up from approximately 12 when the company was acquired in May 2007, according to Hughes. In addition the new products, including Smart Balance Omega(R) Buttery Spread with added Omega-3, Smart Balance Omega(R) Buttery Spread made with Extra Virgin Olive Oil with added Omega-3, and Smart Balance(R) Butter Blend Stick with 50 percent butter and 50 percent Smart Balance(R) Buttery Spread, are all being launched nationally. Hughes reiterated the Company's three to five year long term goals of $500 million in net sales and $100 million in cash operating income.
A rebroadcast of the presentation will be available within the investor center of the company's corporate website, www.smartbalance.com.
About Smart Balance Inc.
Smart Balance Inc.
CONTACT: Media, Brent Burkhardt, Executive Vice President & Managing
Director of TBC Public Relations for Smart Balance Inc., +1-410-986-1303,
+1-201-568-9300,
Web site: http://www.smartbalance.com/