DENVER, CO--(NewMediaWire - Apr 20, 2016) - Ubiquitech
Software Corp. (OTC PINK: UBQU), through its operating subsidiary
HempLifeToday.com, is announcing its first quarter financial
results. Revenues for the quarter ended February 29, 2016 increased
135% from $297,250 in the first quarter of last year to $697,640.
Earnings increased 400% from $12,697 in the first quarter of 2015
to $63,511 in the first quarter of 2016. Hemp Life Today is known
for developing the purest and most potent CBD Hemp derived products
available under the proprietary CBD brand CannazALL™
The company continues to grow its revenues and increase margins
as it progresses toward its goal of $10,000,000 in revenues during
2016. The company has efficiently lowered prices to consumers in
order to be the leader in quality USA grown CBD products and drive
traffic to its web portal www.HempLifeToday.com. As a result of the
Company's exponential growth in online content, HempLifeToday is
experiencing rapid growth as well, with organic sales from SEO
traffic accounting for over 40% of orders in March. This is up
1,000% over March of 2015 and is projected to continue doubling or
tripling every month throughout 2016.
One of the main catalysts feeding the content on the Internet is
the "buzz" concerning the price reductions the Company has
implemented. As previously reported, these price reductions are due
to the incredible growth of the Company, its growing production
capabilities, its expanding network of domestic partnerships, and
the ability to source more quality Cannabidiol (CBD) products at
lower costs from within its network of Grow Partners. As a result,
HempLifeToday has been able to pass significant savings on to
consumers.
In addition to the enormous growth in SEO traffic and the
incredible price reductions, the build out of the companies
affiliate program is progressing on schedule and is expected to
contribute significantly to revenue and earnings during the second
half of 2016. The company has also instituted a popular
Rebate/Rewards program that gives customers a generous $25
Rebate/Reward for every $250 in products purchased. This program
continuously engages the customer and offers an incentive to
continue using the CannazALL™ brand.
"The progress made over the past two years has been incredible,"
said Tim Zorn, CEO of HempLifeToday. "We continue to execute our
business plan, and provide superior product to our customers at
very competitive prices. We are in the early stages of consumer
discovery of the benefits of CBD oil. The company is positioned to
participate in the enormous future potential of the growth in sales
of CBD related products."
About Ubiquitech
Ubiquitech Software Corp., through its subsidiaries is a dynamic
multi-media, multi-faceted corporation utilizing state-of-the-art
global internet marketing, Direct Response (DRTV) Television,
Radio, and traditional marketing, to drive traffic to the new and
emerging multi-billion dollar industries like its subsidiary
HempLifeToday.com™
HempLifeToday™ focuses on the exciting and dynamic new thinking
in the world today that recognizes the important health and life
enriching enhancement that CBD Oil from the Hemp plant can bring.
Through its network of quality USA growers HempLifeToday.com™ has
developed four CannazALL™ CBD oil products that include; It's
popular CBD Tinctures, Oils, Capsules and e-liquid
This press release contains forward-looking statements. Words
such as "expects", "intends'', "believes'', and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the OTC Markets Group. The
actual results that the Company achieves may differ materially from
any forward-looking statement due to such risks and uncertainties.
The Company undertakes no obligation to revise or update any
forward-looking statements in order to reflect events or
circumstances that may arise after the date of this release.