Exhibit 99
For Immediate Release
SCOTT'S LIQUID GOLD-INC.
REPORTS THIRD QUARTER OPERATING RESULTS
DENVER, Colorado (November 3, 2005) -- Scott's Liquid Gold-Inc.
(OTC BB: "SLGD"), which develops, manufactures and markets household
and skin care products, today announced its operating results for
the third quarter and first nine months of the year 2005.
For the three months ended September 30, 2005, the Company reported
a net income of $583,700, or $0.06 per share, on net sales of
$6,506,000. These results compared with a net loss of $359,800,
or ($0.03) per share, and net sales of $5,116,700, in the third
quarter of 2004.
For the nine months ended September 30, 2005, the Company reported
a net income of $50,300, or ($0.00) per share compared with net
loss of $986,500, or ($0.10) per share, in the corresponding
period of the previous year. Net sales totaled approximately $17.8
million in the first nine months of the current year, versus
approximately $15.6 million in the year-earlier period.
Mark E. Goldstein, Chairman of the Board and Chief Executive
Officer of Scott's Liquid Gold-Inc., commented: "During the first
nine months of 2005 we experienced increases in sales of our
Montagne Jeunesse line of skin care products and an increase in
sales of our other skin care products because of the introductions
of new Alpha Hydrox products and additional Montagne Jeunesse
sachets, while experiencing a decrease in our line of household
products. The income for 2005 was primarily due to the increase in
sales from our new Alpha Hydrox product introductions." Mr.
Goldstein further commented: "We will be advertising both our
household chemical products and our skin care products in the
fourth quarter, as a result our advertising expense for
2005 could be approximately equal to last year's totals.
This additional advertising in the fourth quarter over the
third quarter could also (depending on the sales benefit of
that advertising) result in lower operating results in the
fourth quarter. "
Scott's Liquid Gold-Inc. develops, manufactures and markets high
quality household and consumer products, including Scott's Liquid
Gold wood cleaners/preservatives, Touch of Scent air fresheners,
Alpha Hydrox skin care products, and Neoteric Diabetic Skin Care
products. Scott's Liquid Gold-Inc. also distributes skin care
and other sachets of Montagne Jeunesse. The Company is
headquartered in Denver, Colorado, and its common stock trades
on the OTC Bulletin Board under the symbol "SLGD".
Additional information on Scott's Liquid Gold-Inc. and its
products can be accessed on the World Wide Web:
www.scottsliquidgold.com, www.alphahydrox.com, www.touchofscent.com,
and www.neotericdiabetic.com.
This press release may contain "forward-looking" statements
within the meaning of U.S. federal securities laws. These
statements are made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.
Forward-looking statements and the Company's performance
inherently involve risks and uncertainties that could cause
actual results to differ from such forward-looking statements.
Factors that would cause or contribute to such differences
include, but are not limited to, continued acceptance of the our
products in the marketplace; the degree of success of any new
product or product line introduction by us; consumer acceptance
of the new Alpha Hydrox products; competitive factors; any
decrease in distribution of (i.e., retail stores carrying) our
significant products; continuation of our distributorship
agreement with Montagne Jeunesse; the need for effective
advertising of our products; limited resources available for
such advertising; new competitive products and/or technological
changes; dependence upon third party vendors and upon sales to
major customers; changes in the regulation of our products,
including applicable environmental regulations; adverse
developments in pending litigation; the loss of any executive
officer; and other matters discussed in this release and our
periodic filings with the Securities and Exchange Commission.
By making these forward-looking statements, the Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release.
For further information, please contact:
Jeff Johnson at (303) 373-4860
SCOTT'S LIQUID GOLD-INC. & SUBSIDIARIES
Consolidated Statements of Operations (Unaudited)
Three Months Nine Months
Ended September 30, Ended September 30,
------------------------- -------------------------
2005 2004 2005 2004
----------- ----------- ----------- -----------
Net sales $ 6,506,000 $ 5,116,700 $17,753,300 $15,633,600
Operating costs
and expenses:
Cost Of Sales 3,513,600 3,129,000 9,752,500 8,849,600
Advertising 151,800 101,000 630,300 738,100
Selling 1,455,700 1,381,200 4,422,000 4,162,600
General and
administrative 757,100 835,700 2,779,100 2,772,400
----------- ----------- ----------- -----------
5,878,200 5,446,900 17,583,900 16,522,700
----------- ----------- ----------- -----------
Income (loss)
from operations 627,800 (330,200) 169,400 (889,100)
Interest income 9,900 10,400 30,200 30,900
Interest expense (54,000) (40,000) (149,300) (128,300)
----------- ----------- ----------- -----------
583,700 (359,800) 50,300 (986,500)
Income tax expense
(benefit) - - - -
----------- ----------- ----------- -----------
Net income
(loss) $ 583,700 $ (359,800) $ 50,300 $ (986,500)
=========== =========== =========== ===========
Net income
(loss) per
common share:
Basic $ .06 $ (.03) $ .00 $ (.10)
=========== =========== =========== ===========
Diluted $ .06 $ (.03) $ .00 $ (.10)
=========== =========== =========== ===========
Weighted average
shares
outstanding:
Basic 10,494,800 10,387,900 10,478,900 10,368,600
=========== =========== =========== ===========
Diluted 10,560,400 10,387,900 10,500,800 10,368,600
=========== =========== =========== ===========