The Core Business Plc
(`Core Business' or `the Company')
7 April 2008
The Core Business Plc (LSE: CORE), the AIM-listed beauty and personal care
distribution, and branding company is pleased to announce it has moved into
profitability in the second half of its financial year, demonstrating a
significant improvement in performance since the first half. The Company has
also moved forward with a number of key operational strategies:
* The Company is now distributing its Elite Models Fashion hair accessories
brand in Tesco via DPT (Wear) Ltd, a third party logistics company. The range
launched in January 2008 in 39 Tesco stores.
* Bloom, an Australian colour cosmetics company, with which Core Business has
entered into a five year UK exclusive distribution agreement will launch in 50
major Superdrug stores in late June occupying a significant 6 foot display area
in each store. The company has the option to roll out Bloom to a further 150
Superdrug stores in September 2008.
* The Company is in final negotiations with a major retailer to launch its
own skincare brand - Grace Your Face - in over 600 stores in late June 2008. The
brand will also have an international launch later this month at Cosmoprof,
Bologna, Europe's largest trade beauty exhibition.
* The Company has created in partnership with Superdrug an own label brand
called Glamour Minx planned to launch in August/September 2008. The Company will
launch, in Superdrug, a limited range of products under the Glamour Minx title
as part of this agreement.
* The Company's Amirose International business is due to launch a consumer
website in the near future. Approximately 100 products will be offered initially
with more to be sourced and added later. This launch will be supported by a PR
campaign designed to highlight the existence and location of the website.
* Agreement has been reached with Accessoire Beaute Cosmetiques to distribute
the children's hair accessories brand, Princesse Lili, under a five year
exclusive agreement for Great Britain. The Company is in advanced discussions
with a major retailer to launch the range in September 2008.
This strong operational performance over the second half of the Company's
financial year gives the Core Business board optimism for continued progress
through 2008.
Stirling Murray, Chief Executive of The Core Business said:
"We are delighted with our progress in the second half of the financial year to
date and look forward to a busy year ahead with a number of important product
launches."
Contacts:
Stirling Murray, Chief Executive, The Core Business plc 020 7483 4300
Nick Harriss, Blomfield Corporate Finance Limited (Nomad) 020 7512 0191
Ian Callaway, SVS Securities plc (Broker) 020 7638 5600
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