Glucose Health, Inc. Places Largest Raw Materials Orders in History to Secure Revenue Growth
May 14 2019 - 7:00AM
InvestorsHub NewsWire
Glucose Health, Inc. Places Largest Raw
Materials Orders
in History to Secure Revenue
Growth
BENTONVILLE, ARKANSAS
-- May 14, 2019 -- InvestorsHub NewsWire
-- Unprecedented
consumer demand at Amazon
has resulted in
GLUCODOWN® being
sold-out of its three most
popular flavors.
Despite
three
separate
pallet
deliveries
to
Amazon
distribution centers in Dallas-Fort Worth and Memphis
during
Q1
2019, each loaded with
1,080 to 1,320 containers of GLUCODOWN®
Diabetic
Friendly Formula Tea Mix, Glucose Health,
Inc. (OTC:
"GLUC")
has
not been able to
keep up
with Amazon
consumer
demand. GLUCODOWN®
Raspberry sold-out February
20th, Peach
April
27th and Lemon
April
30th.
Murray
Fleming, CEO,
stated:
"Ensuring
sufficient levels
of on-hand
inventory
is
critically important to growing our
revenues."
"The
$460,000
capital
we
received from angel
investors last week,
is
enabling GLUC
to
place the
largest raw materials
orders
in our
history
for the
production of GLUCODOWN®. For
example,
we issued a purchase
order for double the quantity
of
the last shipment of
our proprietary vitamin
and minerals formula, with
our
supplier partner, DSM
Fortitech.
A
purchase order of this size, enables the
production of 40,000 containers of GLUCODOWN®."
To date,
GLUC has utilized an economic order
quantity (EOQ) inventory acquisition model that managed revenue
collections against its set cost of production and historical
demand rate to minimize inventory holding costs and cash flow as
sales revenues were recognized through the receivable's
process. Although efficient in a steady
sales
environment, this
model
faces challenges when
sales
increase faster than expected, as has been the
case since
the
introduction
of three
new
GLUCODOWN® Diabetic
Friendly Formula Peach, Lemon and Raspberry Tea Mix
flavors.
Murray
Fleming, CEO, stated: "Our
updated
inventory
acquisition goal is to achieve
99% availability across-the-board
with
every
retailer partner and ensure that every customer
can
purchase their favorite flavor of
GLUCODOWN®,
at all times."
About Glucose
Health, Inc. (OTC:
GLUC)
Manufactured by
Glucose Health, Inc. (OTC:
"GLUC"),
GLUCODOWN® is the premier functional tea beverage in the diabetic
nutritional consumer category, which encompasses the more than 100
million Americans estimated to be diabetic or pre-diabetic, by the
Centers for Disease Control and Prevention.1 GLUCODOWN® is a
unique and compelling functional beverage and the first tea
mix ever to be
enriched
with healthy soluble fiber.
Glucose
Health, Inc. is a publicly-traded company with the ticker symbol
(OTC:
GLUC). GLUCODOWN® is proudly manufactured in the
USA.
1National
Diabetes Statistics Review, 2017; Centers for Disease Control and
Prevention, Department of Health and Human Services.
Contact:
Murray Fleming
Glucose Health, Inc.
(479) 802-3827
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