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BUSINESS
April 19, 1985
Officials of the Irvine firm said they will bring the "Today" contraceptive sponge to the People's Republic of China for discussions next month with the state Family Planning Commission. Although the talks concern the potential manufacturing and distribution of the sponge in China, VLI President Robert Elliott downplayed the possibility that the company would win a major order immediately.
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BUSINESS
June 6, 1990 | CHRIS WOODYARD, TIMES STAFF WRITER
When Dad splatters his face with Paco Rabanne and Mom dabs a wrist with Chanel, junior can apply his own fragrant emblem of juvenile success--a personal cologne. In a world of designer baby clothes and pricey toys, a Laguna Hills company has embarked on a $15-million venture to market nationally a line of premium toiletries for children. Kids by William & Clarissa has developed premium-priced products ranging from a boy's and girl's cologne to lip balm and liquid soap.
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BUSINESS
April 1, 1987 | MARY ANN GALANTE, Times Staff Writer
VLI Corp., maker of the Today contraceptive sponge, confirmed on Tuesday that it will enter the estimated $100-million-per-year condom market, adding prophylactics to its product line within six months. The Irvine-based company said it also will begin marketing an ovulation test kit during the second half of 1987.
BUSINESS
November 5, 1987 | JOHN TIGHE, Times Staff Writer
VLI Corp., an Irvine-based personal products manufacturer, has accepted a reduced, $78-million acquisition offer from American Home Products that eliminates uncertainties caused by the loss of a key patent on its Today brand contraceptive sponges. The company's revised pact with New York-based American Home will provide VLI stockholders with $6.25 per share in cash for a total of $78 million. American Home had originally agreed to acquire VLI for $7 per share, or $87.5 million.
BUSINESS
September 25, 1987 | JOHN TIGHE, Times Staff Writer
It was only a $150 renewal fee, but by failing to pay it, VLI Corp. has been stripped at least for the time being of its prized patent on the Today brand contraceptive sponge. And the oversight could block the Irvine-based company's $86-million merger with American Home Products. American Home is proceeding with plans to buy VLI, but the offer depends on VLI's regaining the patent, which protects specific design features of the sponge. The U.S.
BUSINESS
September 1, 1987 | CARLA LAZZARESCHI, Times Staff Writer
VLI Corp., the Irvine contraceptive sponge maker, said Monday that it has agreed to be acquired by American Home Products Corp., a multibillion-dollar pharmaceutical and consumer-products company, in a deal valued at about $86 million. The $7-per-share buyout, unanimously approved by VLI's board Sunday, caps nearly a year of efforts by the company to find a secure home for both its innovative medical technology and its growing line of over-the-counter personal-care products.
BUSINESS
July 16, 1987 | CARLA LAZZARESCHI
The cost of introducing its new pregnancy test kit combined with slow international sales to give VLI Corp. a $181,000 loss for the second quarter, the Irvine maker of the Today contraceptive sponge said. The company posted a $1.8-million loss a year earlier. Sales in the second quarter were $5 million, up 16% from the $4.2 million posted last year. VLI Chairman Robert A.
BUSINESS
February 13, 1987 | ROBERT HANLEY, Times Staff Writer
After weeks of Wall Street speculation, VLI Corp. confirmed Thursday that it is considering adding condoms to its product line. The Irvine-based firm--whose wares include a contraceptive sponge, a personal lubricant and an in-home pregnancy test--said it has held "preliminary discussions" with several unidentified companies aimed at obtaining condoms for sale under the VLI name.
BUSINESS
February 5, 1987 | ROBERT HANLEY, Times Staff Writer
VLI Corp. said that its losses for 1986 more than tripled to $4.9 million from $1.4 million the previous year. The maker of the Today contraceptive sponge said the loss came despite a slight increase in revenues to $17 million from $16.7 million in 1985. Robert Hobbs, Irvine-based VLI's chief financial officer, said that marketing and advertising costs increased more than 23% during 1986 to about $11 million from $8.9 million in 1985.
BUSINESS
March 5, 1986 | JAMES S. GRANELLI, Times Staff Writer
Cutting back on marketing costs, especially advertising, enabled VLI Corp. to post its smallest annual loss since the Irvine contraceptive maker went public in 1983, the company said Tuesday. VLI reported that its net loss for 1985 was $1.4 million, an improvement over the $6.1 million loss in the previous year. At the same time, sales of VLI's Today brand sponge, the nation's leading over-the-counter female contraceptive, totaled a record $16.7 million in 1985, a 34.6% increase from $12.
BUSINESS
October 9, 1987 | VICKY CLEPPER, Times Staff Writer
VLI Corp. reported a profit of nearly $500,000 for the first nine months of 1987, raising the possibility that the Irvine-based company could achieve a profitable year for the first time in its 12-year history. "Our No. 1 goal this year is profitability, and this positions us well to achieve our goal," said Robert A. Elliott, chairman and chief executive officer. He termed this a "turnaround year" for the personal-products company, which so far has posted just three profitable quarters.
BUSINESS
September 25, 1987 | JOHN TIGHE, Times Staff Writer
It was only a $150 renewal fee, but by failing to pay it, VLI Corp. has been stripped at least for the time being of its prized patent on the Today brand contraceptive sponge. And the oversight could block the Irvine-based company's $86-million merger with American Home Products. American Home is proceeding with plans to buy VLI, but the offer depends on VLI's regaining the patent, which protects specific design features of the sponge. The U.S.
BUSINESS
July 29, 1987
VLI Corp. elected Neil L. Diver to its board of directors, returning the number of board members to five following the resignation of Stanley Golder in February. Diver, 48, is the managing director of the Oakmont Corp., a Los Angeles-based investment advisory firm. Currently, Diver is also a director of Cybertek Corp. and CIMCO. VLI Corp., based in Irvine, manufactures and markets the Today Contraceptive Sponge and other personal care products.
BUSINESS
July 16, 1987 | CARLA LAZZARESCHI
The cost of introducing its new pregnancy test kit combined with slow international sales to give VLI Corp. a $181,000 loss for the second quarter, the Irvine maker of the Today contraceptive sponge said. The company posted a $1.8-million loss a year earlier. Sales in the second quarter were $5 million, up 16% from the $4.2 million posted last year. VLI Chairman Robert A.
BUSINESS
April 16, 1987 | MARY ANN GALANTE
VLI Corp., maker of the Today contraceptive sponge, reported its first profitable quarter ever, posting net earnings of $217,192 for the first quarter ended March 30, compared with a year-earlier net loss of $750,499. Most of the earnings, however, came from interest earned on cash deposits, with only $79,162 in net operating earnings from sales of VLI products. The Irvine-based company manufactures a personal lubricant and an in-home pregnancy test in addition to the contraceptive sponge.
BUSINESS
July 29, 1987
VLI Corp. elected Neil L. Diver to its board of directors, returning the number of board members to five following the resignation of Stanley Golder in February. Diver, 48, is the managing director of the Oakmont Corp., a Los Angeles-based investment advisory firm. Currently, Diver is also a director of Cybertek Corp. and CIMCO. VLI Corp., based in Irvine, manufactures and markets the Today Contraceptive Sponge and other personal care products.
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