MERRITT ISLAND, Fla.,
Jan. 14, 2015 /PRNewswire/ -- Good
Vibrations Shoes Inc. (OTCmarkets pink: GVSID) today announced
a ten for one reverse split, which was approved by FINRA to take
effect today at market open . The change in share structure marks
the completion of the goals the company set for itself in 2014,
which it views as its organizational year, making 2015 its
"break-out" year according to management. The company would like to
take this opportunity to explain its business plan, and show how
the next year will mark the beginning of real growth for Good
Vibrations Shoes Inc.
Manufacturing:
Good Vibrations Shoes Inc. contracted with a shoe manufacturer in
Canton, China. This company was
chosen because of its exceptional quality of manufacture to
accommodate our company's unique needs. The Company contracted with
an electric motor manufacturer that specialized in small sized
electronics. Their ability to work within our time schedules
was a major consideration. The Company has retained the
services of Eastern Asia Group HK to carry out inspections on
production and raw materials used in the shoes.
The Product:
Good Vibrations Shoes are first to market, high quality vibrating
shoes. The shoes are internationally patent pending, high frequency
vibration shoes in men and women's, full and half sizes with wide
widths in the larger sizes. Good Vibrations Shoes are made from
high quality Texas raised hides or
quality nylon mesh trimmed in fine leather. The vibration unit is
the result of 10 years of development and refinement. The vibration
pattern changes in intervals automatically and the units are
started and stopped by remote control. The internal power is
rechargeable and a USB recharger is included; the shoes may be
recharged via wall outlet or from your computer. The units are
internal to the sole of the shoes and are crush, water and slip
resistant. Most shoes close around the foot by lace, buckle or
Velcro closure. There is a casual slip on style for men and
women.
Logistics:
Shoes are shipped from the port of Hong
Kong, received and trucked to our facility. The Company
warehouses and distributes Good Vibrations Shoes from a 10,000
square foot facility. For small quantities and retail, the company
contracts with UPS.
Operations:
Good Vibrations has divided its sales operation into three venues:
1) wholesale to distribution for the professionals, major catalog
sales and television shopping networks; 2) government contractors
and 3) retail sales primarily from the company's web-store at
goodvibrationshoes.com. This retail business is driven by TV
commercials, organizational magazines such as AARP and Diabetic
Living.
Good Vibrations Shoes has written two, 30 second commercial
scripts for television to air in the 7 counties surrounding
Orlando, FL. Orlando was chosen as the segue because
of its international exposure.
Professional sales are driven by the scientific application of
Good Vibration Shoes. The company has completed its application to
CMS, to be approved for Medicare reimbursement of shoes under the
Therapeutic Shoe Bill of 1993. In brief, the Bill allows Medicare
aged people with Diabetes who are at risk of foot complications to
have a pair of compliant shoes per year. There are 25 million
diabetic people in the U.S. and Good Vibrations Shoes are
compliant.
Science:
There does exist science to support the use of vibrations applied
to the feet. Articles are easily obtained on-line. Good Vibrations
Shoes Inc. is devoted to the advancement of this science and has
two research projects written in proposal format. The first
of these projects further explores balance performance before and
after the application of vibration. The second project sets out to
demonstrate the improvement in circulation to the musculature of
the feet with vibration.
Goals:
Good Vibrations Shoes Inc. intends to be the market leader for
shoes with a purpose exceeding foot covering and style. The company
desires to be a household name, branded and recognizable by any one
of its trade logos and monikers: we are the definition of
footwear ingenuity.
DISCLAIMER
This Press Release may contain certain forward-looking statements
within the meaning of the Private Securities Ligation Reform Act of
1995. The Company has tried, whenever possible, to identify these
forward-looking statements using words such as "anticipates,"
"believes," "estimates," "expects," "plans," "intends,"
"potential," and similar expressions. These statements reflect the
Company's current believes and are based upon information currently
available to it. Accordingly, such forward–looking statements
involve known and unknown risks, uncertainties and other factors
which could cause the Company's actual results, performance or
achievements to differ materially from those expressed in or
implied by such statements. The Company undertakes no obligation to
update or advise in the event of any change, addition or alteration
to the information catered in this Press Release including such
forward-looking statements.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/good-vibrations-shoes-inc-executes-a-reverse-split-as-it-announces-its-plan-for-2015-300020798.html
SOURCE Good Vibrations Shoes Inc.