Vestiage™, Inc. ("VEST"), the “Healthy-Aging” Company, announced
today that it has secured an initial commitment from Media Funding
Group, a NWBB company, which may become part of a larger $5 million
investment in advertising and media funding for the RegiMEN™ brand.
The funds will be made available immediately. Media Funding Group
provides advertising expertise and private funding access for
advertising and marketing campaigns.
“The strong retention figures are one of the metrics that
attracted Media Funding Group to Vestiage’s RegiMEN brand,” said
Marc Hatch, the Media Funding Group Vice President of Funding. “I
also saw that the management team at Vestiage is focused on
increasing the fundamentals of the business through intelligent
partnerships, they have effective products, and they clearly see
the value of creating a multi-channel, multi-brand company as it
relates to shareholder valuation in the future. We are pleased to
be supporting Vestiage.”
Scott Kimball, CEO of Vestiage, Inc., said, “Media Funding Group
and Vestiage are good partners. We have high quality, effective
products like RegiMEN and Media Funding wants to support companies
that have products and services with strong appeal and growth ahead
of them. With their support in this media specific area both Media
Funding Group and Vestiage see the opportunity to optimize our
business model and drive revenue growth.”
The arrangements made with Media Funding Group will help
accomplish important initiatives for Vestiage. First, the agreement
delivers media to the Company to support direct response channel
sales. Second, the agreement is expected to allow Vestiage to add
television to the RegiMEN media plan faster than initially
planned.
Vestiage sells in both the retail and direct to consumer
channels. In the first quarter of 2014, the Company started its
national radio campaign for the RegiMEN brand and saw strong
initial acceptance from consumers as evidenced by an increase in
gross revenue with both retail and direct response revenue growth
contributing to the increase in sales. Additionally, the RegiMEN
brand experienced good retention in monthly reorders. The Company
is currently executing on a national retail rollout strategy that
began February 3, 2014. RegiMEN is currently available at
www.RegiMENLife.com and at select GNC and all Hi Health retail
stores.
About Media Funding Group
Media Funding Group provides private funding access for
Advertising and Marketing campaigns in exchange for a flexible
blend of re-payment options including Equity Participation, Revenue
Sharing or flexible payments on Revolving Credit Lines. For more
information, please visit www.mediafundinggroup.com or call
1-360-835-1270.
About Vestiage™
Vestiage™ (stock symbol "VEST") is a publicly traded healthy
aging company. The Company offers premium branded science-based
nutraceuticals to a premium consumer base through multiple
channels. The Company is a sales, marketing, and distribution
company specializing in bringing science-based products to the
healthy aging consumer. The Company utilizes key partners to
integrate production, fulfillment, customer service, advertising,
sales, media, marketing, distribution, new product development and
acquisitions. Vestiage is focused on the use of the best
ingredients from the ocean and earth, including cutting edge,
patented, clinically proven ingredients to produce highly potent,
and elegantly formulated products. Using potency that matches the
clinical results, and novel ingredient combinations, Vestiage™
creates and distributes nutraceuticals such as RegiMEN for
men (www.BuyRegimen.com) and the multifunctional Monterey Bay
Nutraceuticals line for women (www.MontereyBayNutra.com). Vestiage™
brands address the top “in demand” healthy aging concerns of men
and women. Vestiage™ research is focused on extending the active
period of a human life covering both the cognitive and physical
realms. To learn more, visit the Company website,
www.vestiageinc.com.
As with many fast growing companies, our growth is dependent
upon adequate funding for inventory, media, general overhead,
professional fee’s, technology, salaries and other expenses related
to the business. We have been able to obtain this funding to date,
however, should we be unable in the future to obtain appropriate
funding to pay our expenses and media at current levels, our
growth, and our financial stability, may be negatively
impacted.
This Press Release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
with respect to our financial condition, results of operations and
business. These forward looking statements can be identified by the
use of terms such as "believe," "expects," "plan," "intend," "may,"
"will," "should," "can," or "anticipates," or the negative thereof,
or variations thereon, or comparable terminology, or by discussions
of strategy. These statements involve known and unknown risks,
uncertainties and other factors that may cause industry trends or
our actual results to be materially different from any future
results expressed or implied by these statements. Important factors
that may cause our results to differ from these forward-looking
statements include, but are not limited to: (i) changes in or new
government regulations or increased enforcement of the same, (ii)
unavailability of desirable acquisitions or inability to complete
them, (iii) increased costs, including from increased raw material
or energy prices, (iv) changes in general worldwide economic or
political conditions, (v) adverse publicity or negative consumer
perception regarding nutritional supplements, anti-aging or stem
cell facial care products or stem cell technology in general, (vi)
issues with obtaining raw materials of adequate quality or
quantity, (vii) litigation and claims, including product liability,
intellectual property and other types, (viii) disruptions from or
following acquisitions including the loss of customers, (ix)
increased competition, (x) slow or negative growth in the
anti-aging or cosmetics, beauty, or nutritional supplement industry
or the healthy foods or anti-aging channel, (xi) the loss of key
personnel or the inability to manage our operations efficiently,
(xii) problems with information management systems, manufacturing
efficiencies and operations, (xiii) insurance coverage issues,
(xiv) the volatility of the stock market generally and of our stock
specifically, (xv) increases in the cost of borrowings or
unavailability of additional debt or equity capital, or both, or
fluctuations in foreign currencies, and (xvi) interruption of
business or negative impact on sales and earnings due to acts of
God, acts of war, terrorism, bio-terrorism, civil unrest and other
factors outside of our control.
VestiageScott Kimball, CEO949-258-4404ir@vestiageinc.com
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