HOLBROOK, N.Y., Sept. 16, 2013 /PRNewswire/ -- Northstar
Global Business Services, Inc. Symbol (OTCPink: MDIN), today
announced that it has seen an increase in online sales
approximately 400% over the previous quarter. With revenue from
sales last quarter at $160,663.00,
not including "deferred revenue" from distribution agreements or
open purchase orders, the company feels its financial health has
strengthened significantly since the last disclosure statement was
released.
Northstar's CEO, Nicholas Chieco
commented, "Regardless of distribution agreement terms or revenue
gained through traditional wholesale channels, which sometimes
cannot hit the bottom line right away, our online sales is the
beating heart that will keep Northstar growing and continually
showing the public that we are here to stay, and that we are slowly
becoming a household name even with only moderate retail
distribution." He goes on to say," It's really quite simple. We
produce really good products that people want, and cannot get
anywhere else. After almost four full quarters of being cash flow
positive, its clear to me that no matter what challenges we may
face in the future, our great products will keep us cash flow
positive.
What's next for Northstar? As previously announced, the company
is undergoing an extremely meticulous and exhaustive two year
audit, which they will use as the stepping stone to get re-listed
on the OTCBB as soon as possible, a move they hope will stabilize
the company's share price and deter some of the unfair trading
practices common on the non-reporting markets. Additionally, a
tremendously large-scale retail rollout is in the process of being
scheduled with several well-known retail chains. Recently Northstar
overcame a few hurdles that caused some delays in the rollout by
releasing two additional products. Not only did this move
completely overcome the challenges the company faced, but also it
almost doubled the initial Purchase orders from "Big Box" retail
chains.
What the public does not yet know is that the company has a lot
of other plans on the drawing board. Among them are the addition of
several impressive executives to the board of directors, the
addition of facilities and operations that have been outsourced up
to this point, the release of several more products, one or more
mobile applications, and several exciting joint ventures and even
several possible acquisitions, are all in the works currently. As
these huge leaps forward continue to take place, Northstar will
keep pushing ahead to create more award winning products, and
become even more profitable and popular with consumers.
About Northstar
Northstar Global Business Services is dedicated to producing the
best alternative healthcare products to the world. The most popular
product in Northstar's arsenal is Snorenz®, a patented spray for
snoring relief but the varied product line includes Snorenz Night
Time ™, Good Night's Sleep®, Stem-Intense, and Health Enrich for
Pets™. Most of the company's products use a unique spray delivery
system, or unique aquatic algae extracts, and all have received
very positive consumer reviews all over the world, selling millions
of units from 1996 to the present.
DISCLAIMER
This Press Release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation Reform Act
of 1995. The Company has tried, whenever possible, to identify
these forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends," "potential"
and similar expressions. These statements reflect the Company's
current beliefs and are based upon information currently available
to it. Accordingly, such forward-looking statements involve known
and unknown risks, uncertainties and other factors which could
cause the Company's actual results, performance or achievements to
differ materially from those expressed in or implied by such
statements. The Company undertakes no obligation to update or
advise in the event of any change, addition or alteration to the
information catered in this Press Release including such
forward-looking statements.
SOURCE Northstar Global Business Services, Inc.