Northstar announces second quarter 2013 results showing significant
sales revenue!
HOLBROOK, N.Y., April 8, 2013 /PRNewswire/ -- Northstar
Global Business Services, Inc. Symbol (OTCPink: MDIN), today
announced that the company has released its quarterly disclosure
document, which is the first that shows significant revenue in
several years. The disclosure outlines sales revenue in the
millions from a variety of sources including direct to consumer
sales, and wholesale distribution agreements, and shows that
Northstar is a viable business once again.
Since the company's fiscal year starts in September, this is
actually the second quarter for Northstar in 2013, but some may
argue it is the most important quarter in the company's history.
Since the company re-started production of its popular anti-snoring
product, Snorenz, its quarterly statements have shown no sales, and
only small losses, but like a racehorse leaping out of the gates,
the company went from generating nothing at all to several million
dollars in sales and distribution agreements. How the products
sells-through on a large scale will determine the company's long
term profitability, but after a full quarter of selling products to
a smaller audience through the internet and a sprinkling of retail
locations, the feeling is that projections to date have been
conservative. The next big growth spurt for Northstar is expected
to be in June and July when major retailers re-work their shelf
plans and add new products. Northstar plans to have its products in
those new plans, growing from a small number of retailers and
Internet sites to thousands or tens of thousands of locations
globally.
Northstar's CEO, Nicholas Chieco
commented, "I couldn't be prouder of what we have done here. Hard
work has paid off and we can finally show all the naysayers what we
are capable of. The proof is in black and white, people want our
patented products, and we will work as hard as we need to in order
to get them to the masses." Mr. Chieco also wants to remind
everyone that while the first surge of wholesale orders consists of
a larger than ordinary number of units needed to get the product
initially stocked, that the company is still selling only a tiny
percentage of the retail outlets possible, so there is plenty of
room to grow and gain market share. Why does Snorenz command such
strong consumer interest? The company maintains that since they own
the patent on all natural anti-snoring spray, there is no other
product like it on the market. The same holds true for the rest of
the company's unique alternative healthcare products.
Anyone interested in Northstar's actual sales numbers and net
profits can look at the company's second quarter 2013 disclosure on
otcmarkets.com and for more information call Jennifer at
877-571-4387 or email investors@northstarbb.com
About Northstar
Northstar Global Business Services is dedicated to producing the
best alternative healthcare products. The most popular products in
Northstar's arsenal are Snorenz©, a patented spray for snoring
relief and Stem-Intense, a unique stem cell replacement therapy
supplement. Most of the company's products use a unique spray
delivery system, and have received very positive consumer reviews
all over the world, selling millions upon millions of units from
1996 to the present.
DISCLAIMER
This Press Release may contain certain forward-looking statements
within the meaning of the Private Securities Litigation 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 beliefs 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.
SOURCE Northstar Global Business Services, Inc.