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NEW YORK, July 21 /PRNewswire-FirstCall/-- IGIA, Inc., (OTC Bulletin Board: IGIA), through its wholly owned subsidiary, Tactica International, Inc. ("Tactica"), a leading designer, developer, and worldwide marketer of personal and home care items, announced today its financial results for the first quarter ended May 31, 2004. IGIA reported first quarter revenues of $6,584,933, net income of $235,867, or $0.01 per share, and pre-tax income of $471,734. Total shares outstanding, basic and diluted, were 45,763,140 in the first quarter of 2005. Avi Sivan, CEO of IGIA, Inc., stated, "We are extremely pleased to report profitability in the first quarter, which represents our significant progress in streamlining operations. We remain focused on expanding our globally recognized portfolio of brands and lines of consumer products. Our FOOT DR(TM) branded products have been well received among our television and retail distribution channels. We are expanding the FOOT DR(TM) product line by adding new products and acquiring a competing brand name." Sivan concluded, "As a newly publicly-traded company through the merger of IGIA, Inc. and Tactica, we now operate from a platform poised for growth. We expect our trend of strong revenues and earnings to continue in the coming quarters." Additional details of these financial results can be found in Company's Form 10QSB, available at http://www.sec.gov.
About IGIA, Inc. IGIA, Inc., with its wholly owned subsidiary Tactica International, Inc., ("Tactica"), is a leading designer, developer, and worldwide marketer of personal and home care items. Its globally recognized portfolio of brands includes IGIA(R) and Singer(R). Tactica, through its registered proprietary logo As Seen On TV(TM), is a leader in its innovative IGIA(R) personal care products. The IGIA name ranks amongst the most recognizable personal care brands as cited by an industry publication. In addition, Tactica holds an exclusive license to market an innovative line of floor care products under the Singer(R) name. Tactica markets and sells these products through TV infomercials, mass-market retailers having more than 40,000 stores as well as specialty retailers, catalogs and through http://www.igia.com and http://www.singervac.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the IGIA Inc.'s or Tactica International Inc.'s business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond IGIA Inc.'s control with respect to market acceptance of their products, whether financing will be available, the effect of the application of acquisition accounting policies as well as certain other risk factors which are and may be detailed from time to time in IGIA, Inc.'s (formerly Diva Entertainment Inc.) filings with the Securities and Exchange Commission
For more information, contact: Geoffrey Eiten, Investor Relations OTC Financial Network 781-444-6100 x613 geiten@otcfn.com
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