Forbes Magazine Lists HempLife Today Among the Top Five Hemp CBD
Companies in Gross Annual Product Sales, Believes industry could
hit one billion per year within three years
DENVER, CO--(NewMediaWire - Oct 19, 2017) - Ubiquitech Software
Corp. (OTC PINK: UBQU), through its operating subsidiary
HempLifeToday.com, is proud to announce that Forbes Magazine has
listed HempLife Today™ among the top five Hemp CBD Companies in
gross annual product sales, and that sales of CBD products could
hit one billion per year within the next three years. This article
was published on August 23rd, 2017; however, the Company chose to
wait until 3rd quarter financials were published before bringing
this positive article to greater attention.
The Company wants shareholders to note that the CBD industry is
still in its infancy, and only a fraction of the general public is
aware of the many benefits of Hemp derived CBD products like
CannazALL™, offered exclusively by HempLife Today™, at this time.
In addition, it is important to note that many traditional sales
channels are not yet available to this industry but as they come to
fruition in the near, and long term future, HempLife Today™ will be
poised to take advantage and this will reflect in growing quarterly
and annual sales of HempLife Today's CannazALL™ products.
The marketing programs implemented by the UBQU team have proven
very successful to date and that is validated by the mention of
HempLife Today™ among the top five in the industry as mentioned in
the Forbes article quoted below:
"Essentially everyone is
trying to do hemp, but only a handful are doing it
well." Forbes August 23rd, 2017
"The top 20 brands averaged
sales of $2.1 million per year per company for 2016. However, some
brands are much more successful with sales of $9 million-12
million. CW Hemp, made by CW Botanicals owns 7% of the market,
followed by PlusCBD Oil made by CV Sciences with 5% of
the market. The next three names are tied with 2% market share and
they are Elixinol, HempMeds by Medical Marijuana Inc. and
CannazALL by Hemp Life Today. An indication of the
fragmentation of this market is that 79% of the market is made up
of companies with very low sales comparatively." Forbes
August 23rd, 2017
https://www.forbes.com/sites/debraborchardt/2017/08/23/hemp-cannabis-product-sales-projected-to-hit-a-billion-dollars-in-3-years/#57733302474c
In addition, the article states (and validates the Company's
market research), that online sales of CBD products constitute
64.5% of all sales, with 17.8% coming from smoke shops, and only 9%
coming from Doctor offices, and clinics, etc., with even less
coming from health, nutrition and holistic stores.
Because of this data, HempLife Today™ will continue to focus on
online sales of its CannazALL™ products. However, the Company could
include retail sales in the future when CBD products are more
widely known, and the Company is exploring options at the retail
level.
Currently, HempLife Today™ is setting up more and more sales
portals online and through traditional marketing, and these include
educating consumers through written content, increasing Social
Media, more direct mail campaigns, outbound phone sales, and email
marketing. The Company is also currently creating new social video
and YouTube content. The Company will have more about these
marketing platforms in future news.
The Company is also doing extensive market research and
implementing robust SEO into all of the HempLife Today™ Websites
and landing pages, and has brought onboard all of the necessary
talent to give the Company the edge in this area. However,
according to our market research the number of monthly searches for
the most popular keyword, CBD Oil, is only approximately 74,000,
and the number of monthly searches for other CBD related keywords
are only in the thousands, with some only in the hundreds (of
searches) per month. But, as natural online searches of those, and
other keywords increase, HempLife Today™ will be there to capture
more sales through SEO.
"We think this Forbes article
is fantastic," said James Ballas CEO, "and I'd like to point out that this
independent article places HempLife Today in the top five of CBD
companies in gross sales, and that Forbes research shows our
industry could reach one billion per year in the next three years,
and we believe even sooner, with another major fact being that we
are one of four out of the top seven companies mentioned that are
publicly traded."
Technical director, Luke Dreyer adds, "Many people want to give us advice and
believe they can help us with sales. But, the truth is they are
treating our products as a regular dietary supplement and that will
not fly in this industry. Trust me when I say that we have experts
on our staff that know this industry and know how to process data,
and we go where the sales are, and at this point what we are doing
is the right thing for us. We will stay this course and we believe
the awareness of CBD will happen. This is what makes us grow, along
with the fact we produce the finest products that we possibly can,
get them to our customers as fast as possible and offer support and
even a guarantee. With all of this in place, then yes, we will at
some point see exponential growth, and we will be ready for
it."
CEO James Ballas adds, "In order to grow our brand we concentrate on
three vital areas, producing the finest products possible, giving
our customers the best experience possible, and using all tools at
our disposal to educate and create new customers for our products.
Obviously we are doing a good job at this and we are growing at the
right pace for now. But, there will come a time when the industry
really takes off and we will grow at a much greater rate. I will
add that when this time comes, and we believe it will be sooner
rather than later, only the companies that have laid the groundwork
as we have will be at the top. We know what we are doing and we ask
our shareholders to join us for the journey because we are in this
to succeed. If however, shareholders think we aren't doing the job,
or believe another company has a better plan, then once again I say
don't buy shares of UBQU. It's as simple and as positive as I can
say it. But, I do thank all shareholders who share our positive
vision and appreciate greatly that you are with us."
About HempLife Today™
Ubiquitech Software Corp., through its subsidiaries is a dynamic
multi-media, multi-faceted corporation utilizing state-of-the-art
global internet marketing, DirectResponse (DRTV) Television, Radio,
Internet Content, and traditional marketing to drive traffic to the
new and emerging multi-billion dollar industries like its
subsidiaries HempLifeToday™ and CryptoBuy.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 multiple and proprietary CannazALL™ CBD oil products that
include: its popular CBD Tinctures, Concentrated Oils, GelCaps,
Skin Salve, e-liquid, and CannazALL Pets™ CBD products all offered
@ www.HempLifeToday.com
CryptoBuy.com focuses on the burgeoning new world of Crypto
Currencies and is created to be a service to persons interested in
tracking and trading the many existing and future Crypto Currencies
worldwide.
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 after the date of this
release.