Imagenetix Expects Significant Increase in Fourth Fiscal Quarter Revenues

April 13, 2007

  • Revenues For Fourth Fiscal Quarter Almost Double Third Fiscal Quarter And Same Quarter Of Prior Year
  • Expects Celadrin(R) To Be In 10,000 Retail Stores By The End Of The Quarter
  • Quigley-Simpson Engaged To Assist In Promotion Of Retail Launch

SAN DIEGO, April 13 /PRNewswire-FirstCall/ -- Imagenetix, Inc. (OTC Bulletin Board: IAGX - News), announced today that it expects its revenues for the fourth fiscal quarter ending March 31, 2007 to approach $2 million, almost double the revenues it achieved in both the previous quarter and the same quarter of the prior fiscal year.

Commenting on the sales increase, William Spencer, CEO of Imagenetix said, "We are beginning to get traction with our private label sales and expect sales to continue to grow as retail sales of our own branded products begin to accelerate."

The retail launch of Inflame Away-Celadrin® began at the end of the fourth fiscal quarter and the product is expected to be on the shelves in more than 10,000 stores by the end of the first fiscal quarter June 30, 2007.

Mr. Spencer added, "We are excited about the retail potential for our own branded products and are optimistic that they will generate solid growth in both revenues and earnings."

To support the successful launch of its retail products, Imagenetix has retained Quigley-Simpson, one of the fastest growing, fully integrated advertising agencies in Los Angeles. Quigley-Simpson's first project will be the national launch of one of Imagenetix's premier products, Inflame Away Celadrin, in the second quarter of 2007.

"We're thrilled to work with Imagenetix and believe their line of products, particularly Celadrin, will do extremely well in the marketplace," said Gerald Bagg, Chief Executive Officer of Quigley-Simpson. "Our job will be to help the Company build a relationship with their target audiences, increase brand awareness and drive product trial. As with every campaign we do, it's about creating a quality two-way communication with the target consumer that generates measurable and quantifiable results."

About Quigley-Simpson

Quigley-Simpson is a full-service advertising agency and provides clients a wide range of services, including strategic planning, creative development and executive, media planning and buying, as well as response optimization. Best known for its signature brand response advertising approach to campaigns, Quigley-Simpson is the brand response agency of record for Procter & Gamble (P&G), and also does work for VISA, Warner Bros. Home Video, Hoover and several other consumer brand companies.