Greene Concepts President & CEO Announces Significant Progress Toward the Company's Long-Term Financial Goals
Greene Concepts President
& CEO Announces Significant Progress Toward the Company's
Long-Term Financial Goals
Marion, NC -- January 22,
2021 -- InvestorsHub NewsWire -- Greene Concepts Inc.
Pink: INKW) is pleased to present significant
end-of-year accomplishments for the year 2020 and major developments
long-term growth in 2021.
REPORT TO OUR
Despite 2020 being an
incredibly challenging year for the country economically due to the
COVID-19 pandemic, Greene Concepts was able to grow during this
timeframe following the successful launch of our bottling plant
this past spring. I am pleased with the progress we achieved
in executing on our strategic priorities. We have set a clear
and bold path for Greene Concepts to be a premier provider of both
bottled and industrial water supply. Furthermore, our water,
sourced from the Blue Ridge Mountains
of North Carolina, offers consumers one of the smoothest and best
tasting water brands on the market.
We made significant progress
toward our long-term financial goals in 2020. Our sales
volume over the last quarter alone totaled 34% higher than the
entire FY 2019 revenues and over 3,000% higher than the same
quarterly period in 2019. Besides our increase in sales, the
box below highlights our increase in assets and net income over the
Quarterly Report For Period Ending October 31,
2020. Sales for the quarter
equal $101,022 vs. $3,249 for the same period in 2019. Total
Assets for the quarter equals $4,380,881 versus $3,250,900 for the
same period in 2019. Also, for the same period, the company
earned a net income of $39,890 versus net loss of -$125,559 for the
same quarter in 2019.
Annual Report For the Twelve Months July 31,
2019 – July 31, 2020. Sales during the
company's previous FY equaled $67,127.
We achieved numerous
accomplishments in 2020 to include:
- Launching our
production plant in March 2020 following 16 months of plant
restoration (up to 192 million bottle capacity '8 million cases'
with current equipment) with room for additional capacity.
This launch coincided with the national COVID-19
- Purchasing of
the land surrounding the bottling plant to include seven production
wells for unlimited water resource production capacity to include
bottling and industrial water provision.
- Finalizing an
agreement with the U.S. government as a government vendor through
the Defense Logistics Agency (DLA) and System for Award Management
(SAM). Additionally, we received approval as a vendor through
the Federal Emergency Management Agency (FEMA) to provide products
during national emergencies.
- Started our
U.S. Veteran Distributorship Program to create distributorship
sales and income opportunities for Veterans around the
- Creating our
new Be Water brand along with placement approval on Amazon.com plus
two new labels for placement in the rising $53 Billion Chinese
market. Started negotiations to sell Be Water in India.
- Securing an
agreement with SoluScience to create the new Happy Mellow beverage
enhancer which will soon be selling on Amazon and at the Subscribe
and Save Water Club Subsidiary.
with New World Health and Wellness to proliferate company sales in
the CBD industry and offer healthier solutions to the public which
will soon be selling on Amazon.
CEO of Greene Concepts highlights,
am confident Greene Concepts is on the right track to achieve its
goals and am encouraged by the progress we are making as a
company. The global bottled water market is expected to reach $350
billion by next year and $410 billion by 2024 and we are ready to
carve out a nice piece of that market."
CEO of Greene Concepts continues,
are many reasons for optimism in 2021. As we increase our
partnerships and distribution channels this will lead to profitable
growth through increased sales penetration to convenience stores,
retailers, and small businesses. We are poised to begin our new
Water Club Subscribe and Save service where consumers may receive a
continuous supply of our bottled Be Water, Happy Mellow and our
newest Hemp Retinol products along with Hemp roll-on's and Creams
shipped directly to their front door."
CEO of Greene Concepts further
our 5,000 shareholders, for your
continued support. We are proud of our progress
in 2020 and excited about what
Greene Concepts (INKW)
and our Shareholders in 2021."
Concepts, Inc., Mammoth Ventures, Inc. and Water Club,
is a publicly
traded company. Through its recently acquired wholly owned
subsidiary, Mammoth Ventures Inc., the Company has entered the
specialty beverage and bottling business and is an emerging leader
in the global scientifically formulated beverage industry. Through
its subsidiary Water Club, Inc. we intend to pursue
subscription-based delivery of water and scientifically formulated
beverages directly to the consumers home and market the convenience
of this service thru social media affiliate marketing
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.
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