Puration Announces 400% Revenue Growth and 50% Profit Margin with Over $1 Million in Annual Revenue on the Horizon
November 13 2018 - 1:55PM
InvestorsHub NewsWire
Puration Announces 400% Revenue
Growth and 50% Profit Margin with Over $1 Million in Annual Revenue
on the Horizon
Dallas, TX -- November 13, 2018
-- InvestorsHub NewsWire -- Puration, Inc. (USOTC:
PURA) (“PURA”) today announced publishing its third quarter
financial report for the period ending September 30, 2018.
Revenue for the nine months ending September 30, 2018 is
$868,300. Revenue has grown over 400% since the company
reported $168,000 for the same period last year. The company
realized a 50% profit margin reporting a $448,800 bottom line for
the nine months ending September 30, 2018. The company issued
no new shares between the second quarter 2018 report and the third
quarter 2018 report. “One million dollars in annual revenue is an
important benchmark for getting Puration’s EVERx CBD Sports Water
on the radar screen of major beverage industry players, and that
benchmark is now well within reach for 2018,” said Brain Shibley,
CEO of Puration.
Purtion will publish an online
presentation tomorrow with more insight and details on the
financial report published today and how it supports the company’s
business plan and objectives. The presentation will include
an update on the pending dividend declaration coming in conjunction
with the recent spinoff of Puration’s cannabis cultivation
business.
Learn
more about Puration at https://www.purationinc.com/
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and as such, may involve risks and uncertainties. These forward
looking statements relate to, amongst other things, current
expectation of the business environment in which the company
operates, potential future performance, projections of future
performance and the perceived opportunities in the market. The
company's actual performance, results and achievements may differ
materially from the expressed or implied in such forward-looking
statements as a result of a wide range of
factors.
Puration,
Inc.
Brian Shibley,
info@aciconglomerated.com
(800) 861-1350
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