Second Quarter and Year-to-Date Operating Results Confirm PotNetwork Holding's Revenues Maintain Strong, on Target Performance,
August 17 2017 - 8:15AM
InvestorsHub NewsWire
Second Quarter
and Year-to-Date Operating Results Confirm PotNetwork Holding’s
Revenues Maintain Strong, on Target Performance, and Continue to
Exceed Fiscal 2017 Forecasts
Reported
Revenues of
$ 5,077,625 for the First 6-months, Fiscal
2017, Reveal Financial Impact of Company’s Strengthened
Momentum
Ft
Lauderdale, FL -- August 17, 2017 -- InvestorsHub NewsWire
-- PotNetwork Holding Inc.
(OTC
Pink: POTN) is
pleased to announce that based on earlier reported filed financial
statements with OTCMarkets, PotNetwork is on track to exceed its
projections set forth for 2017. With reported revenues of
$5,077,625 for the first 6-months of fiscal 2017, and a net profit
of 369,237, the Company concluded the first half of 2017 with a
positive net cash flow of $395,009.
When
compared to the annual forecast of $8,300,000 set forth
earlier this year, management expects that 2017 will conclude with
significantly strengthened expectation.
SeeThroughEquity recently
stated in an
earlier Research Report, “The Company has made considerable
progress over the last few years . . . .Going forward in FY17, we
expect POTN to increase revenues approximately 712% to $8.3 million
through new product launches, aggressive marketing initiatives and
entry into new markets.”
For
details go to: https://www.otcmarkets.com/financialReportViewer?symbol=POTN&id=174795
“We
remain steadfast in our efforts to build real value in our Company.
The level of acceptance we are experiencing, can only be surpassed
by our short and long-term vision for growth. As we continue to
accelerate in sales performance, we embrace the opportunity to
create a real and tangible success which we expect would ultimately
be reflected in shareholder value”, stated Gary Blum, Chief
Executive Officer, PotNetwork Holding
Incorporated
About Diamond
CBD Inc.: Diamond CBD focuses on the
research, development, and multi-national marketing of premium hemp
extracts that contain a broad range of cannabinoids and natural
hemp derivatives. Diamond CBD’s team consists of hemp
industry pioneers and natural product experts, chemists, and
scientists, dedicated to producing the finest and
purest cannabidiol (CBD) oils.
The result is a robust selection considered among the most powerful
natural CBD oils and E-Liquids found
anywhere. For more information, please visit its website
at www.DiamondCBD.com.
About
PotNetwork Holding
Inc: PotNetwork Holding Inc. (OTC
Pink: POTN) is a publicly traded company that acts as
a holding company for its subsidiaries, First Capital Venture Co.,
the owner of Diamond CBD, Inc., the maker of Diamond CBD
oils.
Safe
Harbor Act: Forward-Looking Statements are included within the
meaning of Section 27A of the Securities Act of 1933, and Section
21E of the Securities Exchange Act of 1934, as amended. All
statements regarding our expected future financial position,
results of operations, cash flows, financing plans, business
strategy, products and services, competitive positions, growth
opportunities, plans and objectives of management for future
operations, including words such as "anticipate," "if," "believe,"
"plan," "estimate," "expect," "intend," "may," "could," "should,"
"will," and similar expressions are forward-looking statements and
involve risks, uncertainties and contingencies, many of which are
beyond our control, which may cause actual results, performance, or
achievements to differ materially from anticipated results,
performance, or achievements. We are under no obligation to (and
expressly disclaim any such obligation to) update or alter
forward-looking statements, whether as a result of new information,
future events or otherwise.
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