Zurvita Holdings Inc. (ZRVT.OB) Posts Solid Q1 FY2011 Results
Zurvita Holdings Inc., a direct-to-consumer network marketing company offering turn-key solutions for high-quality consumer and business products and services, today announced its financial results for the first quarter of the 2011 fiscal year ended October 31, 2010. For the first quarter of fiscal 2011, Zurvita posted a 5 percent increase in revenue to $1.3 million compared to $1.2 million reported for the first quarter of fiscal 2010. The company attributes the increase primarily to continued growth in administrative web site, advertising and energy commission revenue. Gross profit for the first quarter increased 624 percent to $431,000 compared to gross profit…