Z Trim Holdings Reports Best 4th Quarter in Company History
Z Trim Holdings, Inc., a biotechnology company providing value-added ingredients to a variety of ind…Z Trim Holdings, Inc., a biotechnology company providing value-added ingredients to a variety of industries, today announced that it recorded, for the 4th quarter of 2013, $387,006 in sales which is a 76% increase over $220,433 in the 4th quarter of 2012.
For the twelve months ending December 31, 2013, the company recorded sales growth of 12% over the prior year. However, due to the bad weather in the Midwest, approximately $30,000 worth of purchase orders did not get picked up from our warehouse before year-end, but has since been shipped. As a result, our December sales were only $249,179, as opposed to $276,900 (as previously set forth in our press release dated January 6, 2014). These purchase orders will be included in our sales for Q1 2014.
"Our sales development in 2013 is due to continued growth in dairy, salad dressings and sauces as well as new business in the meat and fish categories. We also added several new customers and significantly expanded our project pipeline," said Lynda Carroll, Z Trim's VP of Sales and Applications. "We expect to grow sales at a much faster pace in 2014, in part due to the increasing emphasis on improving the nutritional value of processed foods, both here in the U.S. and abroad. In addition to lowering costs, improving shelf-life, and managing moisture, Z Trim's unique ability to help make foods healthier without changing taste or mouthfeel is something manufacturers simply cannot get anywhere else."