Planet Organic Health Corp Announces First Quarter Financial Results

Sales increase 130.2%; EBITDA increase of 47.1%;EDMONTON, Nov. 29 /PRNewswire-FirstCall/ - PLANET ORGANIC HEALTH CORP (TSXVenture Exchange - POH), Canada's leading natural products retailer announcestheir financial results for the quarter ended September 30, 2007. Salesincreased 130.2% to $25.7 million for the quarter versus $11.2 million for thesame period last year. EBITDA increased 47.1% to $1.4 million compared to$927,064 for the same period last year. These increases were driven byacquisitions, store expansions, and same-store sales growth.

"Our retail divisions continue to focus on gaining market share," reportsDarren Krissie, CFO of the Company.

Summary of Q1 Fiscal 2008 Financial Results

Fiscal 2008 Fiscal 2007

Sales 25,742,373 11,182,096

Cost of Goods Sold 15,484,307 6,845,321

Gross Profit 10,526,638 4,553,163

SGA 9,163,138 3,626,099

Amortization 348,443 230,190

Interest 1,010,343 48,964

Stock Based Compensation 305,912 0

Foreign Exchange Gain 877,517 0

EBITDA 1,363,500 927,064

Earnings before Tax 576,319 647,910

Net Income 460,479 397,910

Cash Flow from Operations