Thursday, August 21, 2014 9:23:29 AM
Herborium Group enters $300 billion plus mobile sales market;
Expands Its Presence in Rapidly Growing French Market
Fort Lee, New Jersey, Aug. 21, 2014 (GLOBE NEWSWIRE) -- Herborium® Group, Inc. (OTC Pink: HBRM), www.Herborium.com, a Botanical Therapeutics® Company and the provider of unique all botanical medicinal products (Botanical Therapeutics®) that target dermatological problems such as acne, and other health and wellness concerns in the areas of sexual performance as well as energy depletion and stress, has successfully deployed a responsive design e-commerce infrastructure and joined $300 billion plus mobile market.
During first two months of new system operation Herborium mobile sales grew 25%. Since Herborium sales for the first seven months of 2014 has surpassed the sales realized in the entire year of 2013this rapid growth reaffirms the present run rate for AcnEase® sales for 2014 to exceed $1 million.
The mobile sales is growing rapidly worldwide and online retail sales in the USA will grow from $225.5 billion in 2012 to $434.2 billion in 2017, according to eMarketer Forrester Research and the web will account for 11% of U.S. retail sales in 2018.
In addition, Herborium's novel all botanical acne treatment - AcnEase® continues its rapid growth in French market and the Company hired a French marketing and sales representative to monetize the growing interest in a product by both e- commerce and traditional channels.
Herborium remains very optimistic about growing its business, sales and product awareness driven by the steady growth of the AcnEase® brand as well as advanced preparation to commercialize its new products: Lasting Pleasure® and Lasting Power® later this year.
The Company continues its efforts to decrease costs and to retire debt, thus increasing the Company's ability to secure outside funding with reasonable commercial terms.
There is rising interest in Botanical Therapeutics® among consumers as well as the financial and medical communities that will serve as a solid foundation for the company's promising future.
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