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FVRG.. $0.77.. ForeverGreen Worldwide Corporation Issues Guidance

Company anticipates 2015 full year revenue of $90-100 million, 55-70% growth over 2014
Net income of $3.6-5 million expected

PLEASANT GROVE, Utah, Dec. 10, 2014 /PRNewswire/ -- ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, today announced 2015 guidance.

"During 2014, we saw a significant jump in revenue and acceptance of our products worldwide. We needed to raise our guidance several times, and we hit nearly all our corporate goals. Next year, we expect our sales growth trends to continue. Our revenue should be in excess of $90 million. We are continuing to see a positive impact on our business from our investment in IT, logistics, inventory and management. We expect operating and net margins to increase as we benefit from economies of scale, pricing leverage and sales growing faster than fixed expenses. For the full year, we anticipate net margins of 4-6%," said Jack Eldridge, CFO.

Mr. Eldridge continued, "During the current year, we concentrated on driving growth and educating the marketplace about our exciting product line. For 2015, we look to find a balance between further acceleration of sales and maximizing cash flow and profitability. We will continue to keep shareholders updated on our goals and targets for 2015."

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips, SolarStrips and BeautyStrips. They also offer Azul and FrequenSea(TM), whole-food beverages with industry exclusive marine phytoplankton, the Versativa line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, TRUessence(TM) Essential Oils and Apothecary, 24Karat Chocolate(R) and an entire catalog of meals, snacks, household cleaners and personal care products.

http://www.fgxpress.com



FVRG.. $0.77.. ForeverGreen Worldwide Corporation Ends Year with Triple-Digit Year-Over-Year Growth

Jan 16, 2015 08:15:00 (ET)

ForeverGreen's December 2014 sales increase 150%


PLEASANT GROVE, Utah, Jan. 16, 2015 /PRNewswire/ -- ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, announced today that December 2014 revenue exceeded December 2013 sales by more than 150%.

"During December 2014, our sales were approximately $5.8 million compared to $2.25 million during December 2013. For the year, we achieved our forecasted targeted revenue of over $56 million. In 2014, we increased our revenue each quarter as we have for the last eight quarters. We established strong sales growth, strong leadership, strong vendor relationships and strong corporate infrastructure during 2014. As a result of ForeverGreen's continued development of new products, expansion into various countries and onboarding of members and leaders, we anticipate 2015 to be another successful year, with revenues escalating to $90-100 million," said Jack Eldridge, CFO.

FVRG.. $0.77.. ForeverGreen Worldwide Announces Q2 2014 Results

2014 Q2 Revenues Grow 253%
Gross Profit Increases 294%
Company Achieves Record Sales and Net Income
OREM, Utah--(BUSINESS WIRE)-- ForeverGreen Worldwide Corporation (OTCBB:FVRG), a leading provider of nutritional foods and other healthy products, today announced Q2 2014 earnings. The quarter ended June 30, 2014.

Recent Company Highlights:

New leaders, distributors and customers added at record pace each month during 2014
Company achieved fifth consecutive quarter of operating profitability and second consecutive quarter of growth in operating and net income
Sales increased each quarter for the last 5 quarters
Company actively shipped product in 174 countries, up from just 150 at end of 2013
Company added new product, SolarStrips, to product portfolio
Company expanded to new corporate headquarters in Pleasant Grove, UT
Company met or exceeded monthly targets necessary to remain on target for the increased company guidance of $41-50 million of revenue during 2014
Highlights for Q2 2014 included:

Sales increased to $14,127,840 from $4,007,611 for Q2 2013, a 253% increase
Gross profit rose to $11,233,332 compared to $2,852,371 during Q2 2013, a 294% increase
Gross profit margins increased to 79.5% versus 71.1% during the comparable quarter during 2013
Operating income was $412,360 compared to $92,653, a 345% increase
Net income totaled $454,856 or $0.02 EPS versus a net loss of $5,383
Operating expenses excluding sales and marketing declined as a percentage of revenue from 31.9% in 2013 to 24% in 2014
Interest expense decreased to $70,407 or 0.05% of sales compared to $92,995 or 2.3% of sales during Q2 2013

ForeverGreen Revenue/Income Progression


Revenue % Growth Operating Income Net Income
($ Millions) (Q vs. Q) ($ Thousands) ($ Thousands)

1Q 2013
2.7 (96) (211)
2Q 2013
4.0 48.7% 93 (5)
3Q 2013
4.8 19.6% 302 327
4Q 2013
6.3 30.6% 84 7
1Q 2014
10.5 68.3% 267 181
2Q 2014
14.1 34.3% 412 455


Highlights for six months, ending June 30, 2014, included:

Sales increased to $24,664,242 versus $6,702,089, a 268% increase
Gross profit rose to $19,210,729 from $4,707,519, a 308% increase
Gross profit margins increased to 77.9% compared to 70.2% for 1H 2013
Operating income increased to $679,361 versus a net loss of $3,039
Net income totaled $635,907 or $0.03 EPS as compared to a net loss of $216,839 during 1H 2013
Interest expense decreased to $145,258 compared to $209,374 during the first six months of 2013
Total assets increased to $5,375,883 from $2,699,519 on December 31, 2013
Total liabilities increased nominally to $6,357,005 from $6,301,037 on December 31, 2013
“Total operating expenses for the quarter, excluding sales and marketing, declined from 31.9% in 2013 to 24.0% in 2014,” said Allen Davis, COO. “Primarily, this was due to an increased awareness of expense management. Cost of goods sold increased to $2.9 million or 20.5% of sales compared to $1.2 million or 28.9% of sales. This was largely a result of optimizing pricing with our key vendors and change in product mix.”

CFO Jack Eldridge added, “We experienced a 253% increase in sales over the corresponding quarter in 2013, solidly within the previously announced guidance of $13-15 million we issued for the quarter. Gross margins, operating margins and net profit margins all continue to improve. We expect our net operating margins and our net profit margins to continue to increase with logistical improvements and economies of scale. We believe during the next 12-18 months our operating margins will improve to 12-15% and our net margins will increase to 7-9% as we continue to benefit from overall efficiencies and lower COGS. Several non-recurring costs will be reduced as we move into the second half of the year. We anticipate solid cash flow each quarter. ForeverGreen currently has enough tangible assets to cover its current liabilities and has improved its financial health substantially over the last year. We have achieved several of our 2014 goals already, including the introduction of a new product, SolarStrips. We remain on track to meet or exceed our previously announced revenue guidance of $41-50 million, anticipating net margins of 4-7%. We will continue to develop ForeverGreen into one of the largest and most diversified global companies in our industry. We look forward to discussing our progress on the conference call Tuesday.”

For a full earnings report, please view our entire filing at www.sec.gov.