Wednesday, October 29, 2008

Planet Organic Announces Annual Revenue Totals

"EDMONTON, Oct. 29 /CNW/ - Planet Organic Health Corp (TSX Venture Exchange - POH), Canada's leading natural products retailer announces their financial results for the year ending June 30, 2008. Sales for the year were $113.9 million compared to $55.3 million in 2007, an increase of 106%. EBITDASX was $7.1 million compared to $3.6 million in 2007, an increase of 97%, and cash flow from operations increased by $2.5 million over 2007, an increase of 218%.

"I'm excited to report our financial results for the year ended June 30, 2008. We have successfully integrated the acquisition of Mrs Green's in the U.S., added one new POM market location and started construction on the Edmonton flagship expansion, as well as the third Ontario location. The rebranding of Healthy's to Planet Organic Living began with the Exchange Tower in Toronto and we opened a new POL store in Milton Ontario. We continue to benefit from the synergies of vertical integration at Trophic, and Sangster's continues to open new franchise locations. These actions have allowed the
Company to more than double revenues, more than triple cash flow from operations, and almost double EBITDASX", reports Darren Krissie, CFO."

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