Friday, May 19, 2017 9:46:51 AM
(READ)
The Achievements of the Q1, 2017:
•-Herborium’s revenue increased 18% in comparison to Q1, 2016, to approximately $223,000 in sales.
-The Company's gross profit increased 20%, over Q1, 2016, to $135,500 in 2017.
-Operating income loss was decreased 80% in comparison to operating income loss in Q1, 2016
-The Gross margin remained unchanged at the healthy 65%
-AcnEase US Facebook exceeded 75,000 likes and AcnEase France Facebook exceeded 55,000 likes
-In the First Quarter of 2017 the company built the high quality Spanish Website and Social Media platform for AcnEase to prepare monetization of the $1.4 trillion US Hispanic Market opportunity
The above milestones are an integral part of the Company’s growth strategy and its efforts to increase shareholders value. In addition to the above, the First Quarter of 2017 also brought the following important brand and sales building accomplishments:
•-The Company established relationship with a number of top new influencers in USA, France, Canada, Spain and -Argentina to increase global brand visibility.
-The Company initiated number of efforts to increase wholesale distribution of AcnEase that becomes one of the focal point of marketing effort in 2017.
-The Company is pursuing the number of venues to monetize its sexual Botanical Therapeutics.
-The Company identified and secured the product extension and products line extension opportunities for AcnEase Skin Management System planned to be introduced in 2017.
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