Greene Concepts Announces
Expansion into $127B
Specialty Beverage Market
Marion, NC -- April 10, 2019
-- InvestorsHub NewsWire -- Greene Concepts, Inc.
(OTC:
INKW)
(greeneconcepts.com)
("Greene
Concepts" or the "Company"), an emerging leader in the
global scientifically
formulated beverage industry,
is excited to
update shareholders as the Company moves toward the launch of its
specialty beverage operations through its wholly-owned subsidiary,
Mammoth Ventures, Inc ("Mammoth Ventures").
As announced
in
February, the Company
recently
completed
the
100% acquisition
of Mammoth Ventures in a deal
that included a 60,000 sq. ft.
beverage and bottling facility in Marion, NC. This acquisition included
all assets held
by Mammoth Ventures, including the building
housing the
bottling facility, and all bottling
equipment, fixtures, and inventory within.
The Company plans to use this
facility,
which had been strictly dedicated to the production and
distribution of spring and artesian water, to produce high-margin
products targeting the $1.08 trillion health and wellness
space.
"Over the course of the
past decade, the business of
bottling standard spring and artesian water has been commoditized
aggressively resulting in the loss of premium
margins,"
stated Karen Howard, CEO of Greene
Concepts. "That shift has devalued
related production equipment and introduced the potential to
transition an excellent facility like this into a higher margin
space, such as the scientifically formulated
beverage market, which is a clear
opportunity."
The equipment within the
facility is professional grade and in
excellent working condition. The productive capacity of
the facility equates to approximately
8
million
cases per year,
which represents approximately 192 million individual bottles
per
year. Additionally, Mammoth's
60,000 sq. ft. facility provides ample room for future expansion
of capacity or extension to
include the production of other core life enhancement
products.
Management notes that
Mammoth will be
focusing on nutritional beverage products for the average consumer
looking for general life enhancement, as well as specialty
markets such as athletic performance product market and the rapidly
growing senior care market.
Ms. Howard continued, "Mammoth
is
a diamond in the
rough. We
believe this facility was
hugely
undervalued due to the loss of premium margin in the water space
because it can just as easily be used to produce
high-quality high-margin
formulated
beverages,
where consumers are eager and
willing to pay $2-$3 per unit for flavor-infusion
and $5-$10
per unit for more advanced formulated
beverages. This is a
no-brainer."
About
Greene Concepts, Inc. and Mammoth Ventures Inc.
Greene Concepts, Inc.
(http://www.greeneconcepts.com)
is a publicly traded company. Through its recently acquired wholly-owned
subsidiary, Mammoth Ventures
Inc., the
Company has entered into the
specialty beverage and bottling business.
Safe Harbor: This Press
Release contains forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These forward-looking statements
are based on the current plans and expectations of management and
are subject to a number of uncertainties and risks that could
significantly affect the company's current plans and expectations,
as well as future results of operations and financial condition. A
more extensive listing of risks and factors that may affect the
company's business prospects and cause actual results to differ
materially from those described in the forward-looking statements
can be found in the reports and other documents filed by the
company with the Securities and Exchange Commission and OTC
Markets, Inc. OTC Disclosure and News Service. The company
undertakes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
CONTACT: Greene
Concepts, Inc.
Investor Relations
info@mammothventuresinc.com