Reviv3 Procare Announces Major Changes for Much Higher Projected Revenue
April 16 2020 - 8:30AM
InvestorsHub NewsWire
LOS ANGELES,
CA -- April 16, 2020 -- InvestorsHub NewsWire -- Looking to
increase revenue and shareholder benefits, Chief Executive Officer,
Jeff Toghraie today announced some major changes within Reviv3
Procare. "We're beginning
a new phase in the company that will see us rebranding our
corporate image as well as morphing our sales programs to take
greater advantage of the profit margins we see from our sales
channels," said Toghraie. This increased revenue plan
combined with a debt-free, Fully Reporting company on the OTC: QB
places Reviv3 Procare shareholders in a unique position to
potentially see significant growth in their
holdings.
Some of the
major changes will be announced in greater detail via separate
press releases with more details but certain milestones are
highlighted here at what shareholders can expect in the months to
come:
- Reviv3 is
shifting its sales programs from distribution to focus on
subscription-based, direct-to-consumer models for significantly
higher sales margins than
before.
- Reviv3 is
expanding its marketing reach to include millennials as well as
increasing its social responsibilities via product donation
programs that support cancer
patients.
- Reviv3 will
launch a special program to specifically reward shareholders with
new and exciting benefits.
- Reviv3 is
preparing to file a Regulation A+ offering for the purpose of
raising $5 million or more. Proceeds of the offering will be
primarily used to increase direct-to-consumer sales that will meet
new goals of an increase of 10 times the current revenue over the
next five years.
- Reviv3 is
designing a new app to support its subscription-based model. It
will help consumers with daily hair care and make purchasing of the
new products easier and more
streamlined.
- Reviv3 will also
be exploring new worldwide markets and joint venture
opportunities.
- If the company
meets key milestones from the upcoming changes, the company will
look to implement a program for rewarding shareholders from our
growth and high-profit
margins.
Reviv3 is
currently working with both its team and new consultants whose
expertise in the above-aforementioned areas will help them start
implementing these changes immediately. "We're all very excited
about this new direction and look forward to announcing further
details in the near future," concluded
Toghraie.
About Reviv3 Procare Company
Reviv3
Procare Company is engaged in the manufacturing, marketing, sale,
and distribution of premium quality hair and skin care products
under various trademarks and brands. We are committed to using the
highest quality active ingredients found in nature to create
clinically proven, professional grade products that simply work.
Our products are sold in targeted markets in the United States,
Canada, Europe, and Asia. Visit us at: www.reviv3.com
Contact: ir@reviv3.com
Tel: (888)
638-8883
Forward-Looking Statements
This press
release contains a number of forward-looking statements within the
meaning of the federal securities laws. The use of words such as
“anticipates,” “expects,” “intends,” “plans,” “confident that” and
“believes,” among others, generally identify forward-looking
statements.
These
forward-looking statements are based on currently available
information, and management’s belief, projections, and current
expectations subject to a number of significant risks and
uncertainties. Factors that could cause actual results to differ
materially from those in the forward-looking statements include,
among other things: (i) Reviv3’s ability to grow net sales and
adjusted EBITDA as anticipated; (ii) our ability to fund our
operating expenses (iii) potential difficulties or delays Reviv3
may experience in implementing its cost savings and efficiency
initiatives; (iv) Reviv3’s ability to compete effectively with
other hair and skin care companies (v) the concentration of
Reviv3’s customers, potentially increasing the negative impact to
Reviv3 by changing purchasing or selling patterns (vi) changes in
laws or regulations in the United States and/or in other major
markets, such as China, in which Reviv3 operates, including,
without limitation, with respect to taxes, tariffs, trade policies
or product safety, which may increase Reviv3’s product costs and
other costs of doing business, and reduce Reviv3’s earnings.
Potential investors are urged to consider these factors carefully
in evaluating the forward-looking statements. These forward-looking
statements speak only as of the date hereof. Except as required by law, Reviv3 does not assume any
obligation to update or revise these forward-looking statements for
any reason, even if new information becomes available in the
future.