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CCA Posts Profit for 2011

Sales slip less than 2% to $49.5 million.

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By: TOM BRANNA

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CCA Industries, Inc. said sales fell less than 2% to $49.5 million, while the company posted a net income of $491,698 versus a net loss of $1,664,760 for fiscal 2010.

“Fiscal 2011 featured the launch in the fourth quarter of the Company‘s new patented Nutra Nail Gel Perfect UV Free gel nail color brand,” stated Dunnan D. Edell, President and Chief Executive Officer.

“The results so far have been very encouraging. We believe through added distribution, advertising and promotional events, that the Gel Perfect line of nail polishes can provide significant results in our fiscal 2012 year. In addition, we expect overall growth of our other brands that will incorporate new strategies and innovative line extensions supported by multi channel advertising. We continue to have no debt and we have a ratio of 3:1 current assets to current liabilities which keeps us in a very sound financial position,” continued Dunnan Edell.

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