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Pulse Beverage Released Its Quarterly Report for the Period Ended March 31, 2017 and Reports That Its Adjusted Net Operating Loss Narrowed by $55,872 an Improvement of 15.0% Over the Previous Years Comparable Period
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Pulse Also Reported That Subsequent to Their Q1 FY2017 Quarter End Revenues Continue to Increase Bringing the Company Closer to Profitability
DENVER, May 22, 2017 (GLOBE NEWSWIRE) -- The Pulse Beverage Corporation ("Pulse") (OTCQB:PLSB) announced today that it had filed its Q1 FY2017 Quarterly Report (10-Q) with the United States Securities and Exchange Commission for the period ended March 31, 2017.
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For the 3-month period ended March 31, 2017 The Company reported gross sales of $368,442 vs $737,414 for the comparable period in 2016. This represents a decrease of $368,792 or 50.0%. This decrease is consistent with the planned 2016 restructuring of the Company’s operations that was designed to achieve higher sales per employee and to allow the Company to sell their wares directly to strategic retailers. Also, at this same time, the Company was reintroducing their Lemonade and Limeade products in the new 16.9-ounce European glass format, which has been requested and received well by the retail trade. While these changes negatively affected revenues during the first quarter of 2017, our operating losses became narrower. Management believes these changes will continue to reap benefits in the future, in the form of increased revenues and future profitability.
For the 3-month period ended March 31, 2017 the Company's net operating loss was $316,108 compared to a loss of $371,980 for the comparable period in 2016. This represents an improvement of $55,872 or 15.0% against a revenue decrease for the period of 50.0%.
Total other expenses for the 3-month period ended March 31, 2017 was $1,014,869 compared to $185,288 in the comparable period in 2016 an increase of $829,581. This increase of $932,365 is primarily related to non-cash based Derivative Liabilities estimated expenses associated with the financing that the Company obtained which was needed to restructure and fund operations over the reporting period. These estimates may change based on the actual cost of these derivative liabilities as they are realized.
Net loss for the 3-month period ended March 31, 2017 was $1,330,997 compared to $557,267 for the comparable period in 2016 an increase of $773,730. Excluding the non-cash Derivative Liabilities charges for the net loss for the 3-month period ended March 31, 2017 the net loss decreased to $398,632 from $557,267 an improvement of $158,635 or 28.5% for the comparable period in 2016.
Robert Yates, CEO of Pulse, said, “I am very proud of our team at Pulse. Our 2016 restructuring of our operations is starting to yield positive results. Today, we are now able to do more with lower costs compared to the past. Going forward, our new business processes are generating increases in product shipments. As a result, we believe that our Company should be able to become profitable on an EBITDA basis during 2017 when we anticipate being able to achieve record quarterly sales. Our goal is to earn a net income profit in 2018.”
The Company is expecting to continue to reduce its debt exposure to TCA over the course of 2017 which may further positively impact our bottom line. (For more information about the Company's finances and prospects please see our recently filed form 10-Q for the period ended March 31, 2016).
Pulse Beverage Announces That TravelCenters of America, LLC Operator of the TA® and Petro Stopping Centers® Brands, Will Now Begin Stocking Our Natural Cabana® Beverages
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DENVER, May 15, 2017 (GLOBE NEWSWIRE) -- The Pulse Beverage Corporation ("Pulse") (OTCQB:PLSB) announced today that TravelCenters of America, LLC (“TravelCenters”), will immediately begin stocking Pulse's Natural Cabana® Lemonades and Limeades in 6 flavors in a high percentage of their 540 high volume locations.
Shipments to TravelCenters stores will begin immediately in the states of Arizona and Pennsylvania at around 3,000 cases per month and are expected to expand throughout the TravelCenters system, whose travel center operations are located in 43 different states and also in Canada.
Robert E. Yates, CEO of Pulse, said, “TravelCenters operates some of the largest, best stocked and highly visited travel centers in North America that, in addition to providing fuel and repair services to both commercial and retail travelers, operates convenience stores and full service restaurants. Not only will this new distribution channel add significant month over month revenue increases for Pulse, but it provides additional exposure to consumers along the most highly traveled highway routes in the USA and Canada."
Mr. Yates continued, “The Company continues to focus on expanding our distribution as the Natural Cabana® brand builds traction with consumers based on its superior taste and that is driving more and more distributors to request our products. This will build revenues and profits for our shareholders.”
That is very true my friend. Glad y'all beat it and are still with us. Hope the fishing has been good!
I'm doing ok my friend. Had a rough year losing my father and job of 20 years but things have got to get better soon.
Maybe Trump will put an end to these scammers. Good to see you Surf and Atlanta. Hope all is well.
Well, sad to see nothing has changed here.
I wish I had a dollar for every time Yates said 'We are very pleased' over the last 3 years
I haven't noticed but it doesn't surprise me.
Good grief I haven't been on in a few days and there are 528 new posts?? Seriously? I don't believe I missed anything and I'm not about to read all of them.
Hey Clay, TTPH is looking interesting!
Yeah with a new target price of $10 and a raise to outperform we are looking good here!!!
Hey there old friend! I can't do PM but is your email still good? I'll send you one.
I'm curious too. Just hoping it holds and pushes through the $6.30 area and keeps moving up. Would love to see $10 and higher. Maybe a buyout like ARIA just had.
Sure do driller. The bad things just keep on rolling in. I left my job of 20 years the other day then was told a friend committed suicide the same day and then Sunday another old classmate supposedly slipped and fell in the bathroom hitting his head and killing him. One thing after another. Was sure hoping for something good from here on.
Yay... news... (sarcasm)
Flash Foods, a Division of CST Brands, Now Offering Natural Cabana(R) Coconut Water in 167 Convenience Stores in Georgia and Northern Florida
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DENVER, CO -- (Marketwired) -- 02/20/17 -- The Pulse Beverage Corporation ("Pulse") (OTCQB: PLSB), makers of Natural Cabana® Lemonades, Limeades, and Coconut Waters announced today that Flash Foods, a division of CST Brands, is now carrying Natural Cabana® Coconut Water in 16.9oz size in both natural and pineapple flavors. Georgia based Flash Foods has 167 convenience stores located throughout Georgia and Northern Florida. Pulse's wildly popular coconut water will be placed in the high traffic cold box produce section.
Bob Yates, CEO of Pulse, stated, "We continue to be pleased with the acceptance of our great tasting coconut water. The buyers of our wildly popular coconut water state that it is by far the best tasting coconut water they have ever tasted which is our competitive advantage along with lower prices. Flash Foods purchases directly from our warehouse."
Just hit sun-penny. I hope karma bites Yates and the others in this 'company' so hard they never stop feeling it. Unreal. Should've stayed out when I sold at $1.29 years ago. I was learning then.
TTPH Clay. Check it out.
Hope it holds above $5.
Loving today's action! And on no news? Anyone have an idea what's going on?
I wish it was .105/.195 lol. But the .015 and .0195 doesn't mean anything after market hours for plsb. But I wouldn't doubt it hits .01 this week.
You can only write-off $3,000 per year and you can only carry over for one year so as long as you didn't lose over $6,000 you can write it all off over the next 2 years. But not this year's returns. In my case I'll have to sell a little each year before I wrote-off the $20k I've lost. Praying for a miracle before that happens. Who knows. I may feel froggy and double down.
Whoever is making these 100 share buys should be slapped.
Thats the thing about PLSB. It moves on little volume. Always has. Which is why I am not selling. Either we jump one day or I'll go down with the ship.
Cabana is in the coolers at the gas stations I stopped at. They are also for sale again on the website. Fingers crossed this turns around one day.
At this point it's a win or lose matter. I'm not selling any. I'd rather lose it all then sell and something actually happen with this POS company and catch a dead cat bounce. I thought when I finally started seeing their drinks in stores around my town that things were looking up.
You know what I really hate seeing? These bogus 125 share buys at the bell at the end of the day to make it look like it's been a good day. You can't keep covering up this pos.
625,000 share transaction at .022.
Lots of volume today
Well, I sure was hoping .03 was going to hold but it failed today. My $20k is worth $1,500 now. Not much compared to driller but it's huge to me. I still can't believe I put so much of my money into this. When I sold at $1.29 I should've never looked back at this but we all live and learn. Best of luck to everyone in whatever else you're invested in. Everyone except Yates and other PLSB crooks.
I'd take a 74% gain at the opening bell anytime. You might be waiting years for that kind of a gain LT.
Would LOVE for this one to do like my other pharm did today! Up 74% on a buyout!
Well, my pharm stock got bought out today. Jumped 74% today! Would love for something like that to happen here but with a couple extra zeros like 7400%!
Happy New Year hyrpowr! I wrote these shares off years ago but I wouldn't doubt it doing that same thing. Best of luck to everyone!
Why would I blame anyone but myself if I blamed anyone?
That far down? Haha. I'm averaging
.296. That's not too good. Sad thing is I could double down for $2,200 and drop it to around .17. Tempting but I'm already in the hole about $19k which isn't much to you but it is a fortune to me haha.
Someone just wrote off 525,000 shares. Sad thing is they got the same amount for those shares as I have paid for my 70,000 shares.
Dave, I know that feeling. I cherish the voicemails I have from dad and finally was able to listen to them. Little did I know those times I couldn't answer the phone would provide me with messages from Heaven later. Praying for a much happier 2017 for us all.
Thanks BobbyGee. I had a pretty good day today with my family. Much better then expected. Had some tears but had lots of laughs as well. Best wishes to everyone for a prosperous 2017!
So sorry Jane666666. May 2017 be a better year for us all!