WOODLAND HILLS, Calif., April 7, 2009 (GLOBE NEWSWIRE) -- HealthSport, Inc. (OTCBB:HSPO), announced today that the Company, and its subsidiaries, had revenues of $570,000 for the month of March 2009. Total revenues for the first quarter exceeded $1,630,000 as compared to revenues of $116,000 for the first quarter of 2008.
"Our revenue growth in the first quarter of 2009 indicates rapid acceptance by the public of a thin film strip delivery system for nutraceutical products. As our revenues grow, and to take advantage of our product market acceptance, we anticipate developing over 10 new products in 2009 to enhance our product line and continue revenue growth for the future," stated Hank Durschlag, CEO of HealthSport, Inc.
About HealthSport, Inc.
HealthSport, Inc. (http://healthsportinc.com) is a fully integrated developer, manufacturer and marketer of unique and proprietary branded and private label edible film strip nutritional supplements and over-the-counter drugs. HealthSport's wholly-owned subsidiary, InnoZen, Inc. (http://www.innozen.com), is the preeminent formulator, developer and manufacturer of edible film strips that deliver drug actives through buccal (between the cheek and gum) absorption. InnoZen's proprietary edible film strip delivery technology is superior to any other competitive edible film strips currently available on the market. InnoZen has five patents pending and has developed numerous trade secrets which it incorporates in the development and manufacturing process of edible film strips.
Forward-Looking Statements in this news release are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain risks, and uncertainties and actual results could differ from those discussed. This material is information only, and is not an offer or solicitation to buy or sell the securities.