Contact Information: CONTACTS: Corporate John Thompson AeroGrow International, Inc. 303-444-7755 Investor Justin Davis After Market Support, LLC 800-979-2494
AeroGrow Announces Quarterly Revenue Guidance
Three Months Ending June 2007: $6.1 to $6.3 Million
| Source: AeroGrow International, Inc.
BOULDER, CO--(Marketwire - July 30, 2007) - AeroGrow International, Inc. (NASDAQ : AERO )
("AeroGrow" or the "Company"), makers of the AeroGarden® kitchen garden
appliance, today announced its revenue guidance for the three months ended
June 30, 2007, its first fiscal quarter.
AeroGrow anticipates revenue of approximately $6.1 million to $6.3 million
for the three months ended June 30, a more than 650% increase over the
$822,000 in revenue in the same quarter a year ago.
"We're excited to see that we're maintaining strong sales through June,
especially through the quarter that we anticipated would be most affected
by the start of the outdoor gardening season," said Michael Bissonnette,
Founder and CEO of AeroGrow. "We expect to see accelerated growth in the
coming quarters as we look to the beginning of the sell-in at retail for
the holiday season and our expansion into multiple new retailers like
Sears, Macy's, Linens 'n Things and Bed, Bath & Beyond."
About AeroGrow International, Inc.
Founded in 2002 in Boulder, Colorado, AeroGrow International, Inc. is
dedicated to the research, development and marketing of the AeroGarden®,
the world's first kitchen garden appliance. The AeroGarden features
NASA-proven, dirt-free aeroponic technology, allowing anyone to grow
farmer's market fresh herbs, salad greens, tomatoes, chili peppers,
strawberries and more, indoors, year-round, so simply and easily that no
green thumb is required. See www.aerogrow.com.
FORWARD-LOOKING STATEMENTS
"Safe Harbor" Statement under the Private Securities Litigation Reform Act
of 1995: Statements by the Company, statements regarding growth of the
AeroGarden product line, optimism related to the business, expanding sales
and other statements in this press release are forward-looking statements
within the meaning of the Securities Litigation Reform Act of 1995. Such
statements are based on current expectations, estimates and projections
about the Company's business. Words such as expects, anticipates, intends,
plans, believes, sees, estimates and variations of such words and similar
expressions are intended to identify such forward-looking statements. These
statements are not guarantees of future performance and involve certain
risks and uncertainties that are difficult to predict. Actual results could
vary materially from the description contained herein due to many factors
including continued market acceptance of the Company's products or the need
to raise additional capital. In addition, actual results could vary
materially based on changes or slower growth in the kitchen garden
appliance market; the potential inability to realize expected benefits and
synergies; domestic and international business and economic conditions;
changes in customer demand or ordering patterns; changes in the competitive
environment including pricing pressures or technological changes;
technological advances; shortages of manufacturing capacity; future
production variables impacting excess inventory and other risk factors
listed from time to time in the Company's Securities and Exchange
Commission (SEC) filings under "risk factors" and elsewhere. The
forward-looking statements contained in this press release speak only as of
the date on which they are made, and the Company does not undertake any
obligation to update any forward-looking statement to reflect events or
circumstances after the date of this press release.