RTB EQUITY ADVISING SECOND REPORT ON PACIFIC VENTURES GROUP.
These are exciting times for Pacific Ventures Group. As they have been providing valuations for their fundamental changes which we have explained in our first in-depth report.
Most recently, dated September 24th, 2018, PACV announced the signing of the definitive asset agreement to acquire Convenient Wholesalers of America, Inc. (CWA), located in sunny Fort Lauderdale, Florida. With their 50,000 square foot facility, CWA has a range from the Keys in the South to West Palm Beach in the North. They deliver a unique mix of over 4,000 products. CWA has revenues of over 37 million dollars a year and has been in business since 1996 providing quality merchandise at discounted prices. The Asset Purchase Agreement signing occurred on the 18th of September with an anticipated closing date on or before the 31st of December, 2018. PACV, as of the closing of the stock market dated September 26th, 2018, had a market cap of approximately 1.6 million. As you can see this company is extremely undervalued.
Pacific Ventures Group also agrees their company is undervalued. As of September 12th, 2018, PACV announced the retainer of a national investor relations consulting firm, Hayden IR. Known in high regards for connecting companies that are undervalued with brokerage firms, analysts and accredited investors. Hayden IR works to aid companies in climbing up the Wall Street chain and making sure the companies valuations (PACV in this case) are reasonable.
August 20th, 2018 PACV reported its second quarterly report ending June 30th, 2018. Mind you they acquired the San Diego’s Farmers Outlet (SDFO) on May 1st, 2018 which only represents two months of the second quarter’s revenue. Here are some of the highlights from the report:
Record 2Q revenue of $690,135
Record 2Q gross profit of $208,462
Accounts receivable 2018- $220,263 vs 2017- $6,589
Inventory, net 2018- $1,525,322 vs 2017- $37,930
Cash 2018- $146,583 vs 2017- $85
On 05/01/2018 PACV acquired SDFO for $1,050,000 with revenue over $4 million just a cash deal, no shares, nice.
On August 9th, 2018 PACV announced their stock dividend date. It all started June 15th, 2018 when PACV announced all shareholders will receive 1 share for every`100 owned on record as of Monday July 2nd, 2018. The dividend shares were issued and mailed out August 24th, 2018 (we did receive our shares).
Here you will have an understanding of how undervalued Pacific Ventures Group really is. In the second quarter they posted $690,135 in revenue. Not including the $220,263 in receivables for a total of $910,398 for just two months of the second quarter. Which puts them on pace for $5,462,388 yearly revenue. With the projected pace of yearly revenue the market cap of 1.6 million is extremely low. We here at RTB Equity Advising believe their third quarter revenue will be approximately $1.5 million to match their over all market cap in just one quarter. This company is just getting started. Now that they have the definitive signed agreement for CWA representing a minimum of $37 million in revenue for 2019 along with the additional $6 million from the previous acquisition of SDFO, their full physical year of 2019 should show a minimum gross revenue sales of $43 million. As we stated before in our previous report and will say again, Pacific Ventures Group is extremely undervalued.
Pacific Ventures Group: An investment group concentrating in consumer products, food, beverage and alcohol-related industries, is a publicly-traded company based in Los Angeles, California. PACV attributes its success to the unique blend of our history, culture, brands, relationships, innovation, technology and most importantly, our leadership. For more information on PACV, please visit www.pacvgroup.com.
Talking about undervalued ...
