IRVINE, Calif., Dec. 21, 2011 (GLOBE NEWSWIRE) -- RegenecaTM, Inc. (Pink Sheets:RGNA) today announced that the Company has filed its 10-K for the period ending December 31, 2010, as well as 10-Q's for the quarters ended March 31, 2011, June 30, 2011 and September 30, 2011. These filings bring the Company current with its financial statements as required by the SEC. For the nine months ended September 30, 2011, the Company reported revenues of $2,475,536, a net loss of $3,349,778 and have used $2,391,733 in cash for operations.
Chairman and CEO Matt Nicosia commented "We are very pleased to be able to announce that we are now current with our financials. This is a significant step and makes us eligible to move from the Pink Sheets to the Bulletin Board in 2012. This makes us available to a wider range of the investment community and new financing opportunities as we continue to execute on our direct response network marketing business model.
Regarding our operations and results, all of our sales through May of 2011 were of RegenErectTM, our male enhancement product. We launched the network marketing side of our business based solely on this product in February 2011. Our primary goal for the second and third quarters of 2011 was to diversify our product line. To that end, in June, we introduced RegeneSlimTM, and, in September, we re-introduced RegeneBlendTM. For the three months ended September 30, 2011, RegeneSlimTM and RegeneBlendTM made up 43% of total sales. We expect this trend to continue, and one of our primary goals for 2012 will be to expand and enhance our product line to deliver a wide range of products that fit into our "Whole Earth Whole Body" approach to health."
About RegenecaTM, Inc.
RegenecaTM, Inc. (Pink Sheets:RGNA) was formed to create and commercialize premium products that help to improve health and fight the signs and symptoms of aging for a complete life of wellness and happiness, including our natural male enhancement product - RegenErectTM. We do this while drawing our products from the earth in an ethical strategy that will emphasize regrowth, reforestation and recycling. This is our "Whole Earth Whole Body" approach to health. More information can be found about RegenecaTM, Inc. at www.globenewswire.com/newsroom/ctr%3Fd=219428%26l=4%26a=www.regeneca.com%26u=http%253A%252F%252Fus.lrd.yahoo.com%252FSIG%253D10tr1ran6%252F%252A%252Ahttp%25253A%252Fwww.regeneca.com%252F" target="_top" rel="nofollow">www.regeneca.com, or follow us at www.facebook.com/regenecainc.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, including, but not limited to, statements regarding RegenecaTM, Inc. and their plans, products and related market potential. Forward-looking statements may be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management and are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, risks and uncertainties discussed in RegenecaTM, Inc.'s filings with the Securities and Exchange Commission, which factors are incorporated herein by reference. Readers are cautioned not to place undue reliance on any of these forward-looking statements. RegenecaTM undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances after the date of this press release or to reflect actual outcomes.