Crystal Rock Holdings, Inc. Cla (NYSE AMEX:CRVP)

Third Quarter 2011 Results

• Total sales for the three months ending July 31, 2011, the Company's third fiscal quarter, were $18,315,000 compared to $17,528,000 for the corresponding period in 2011, an increase of $787,000, or 4%.
• Net income decreased to $1,018,000 in the third quarter of 2011 from $2,924,000 for the same period a year ago. The decrease in net income in the third quarter of 2011 reflects the fact that there was non-recurring item of non-operating income in the amount of $3,500,000 (pre-tax) in the third quarter a year ago.

"We continue to steadily drive sales growth in these uncertain economic market conditions," said Peter Baker, C.E.O. of Crystal Rock Holdings, Inc. "We are reinvesting in internal infrastructure and modernizing our digital systems to create better operating efficiencies while also expanding our sales force and marketing presence online. We expect incremental sales from new products and online sales to have lower margins but still be profitable. These efforts will continue to build our brands and better position us heading into the remainder of 2011 and beyond."