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Wednesday, August 05, 2020 8:33:41 AM
Wednesday, August 5, 2020 8:30 AM
Highest Quarterly Revenue in Company History
LOS ANGELES, CA / ACCESSWIRE / August 5, 2020 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the "Company"), a food and beverage holding company specializing in the distribution of consumer food, beverage and alcohol-related products, announced today that the Company expects to report revenues of $8.5 million, which represents 650% growth for the second quarter ended June 30, 2020.
Pacific Venture Group's second quarter ended June 30, 2020 earnings results are expected to be released in mid-August.
Ms. Shannon Masjedi, Pacific Venture Group's Chief Executive Officer, commented, "Since our acquisition of Seaport Meat Company in December 2019 and then the subsequent outbreak of the COVID-19 pandemic here in the U.S., our business has witnessed an increase in demand across a variety of areas and customers, as demonstrated by the acceleration in revenues. This momentum led to a robust second quarter of 2020 led by our Seaport Meat Company teams' ability in securing meat purchases. We are seeing solid revenue growth from both existing and new customers, as we have diversified our customer base and added distribution points. We look forward to reporting our official second quarter 2020 results for the three months ended June 30, 2020 in mid-August."
https://www.accesswire.com/600346/Pacific-Ventures-Groups-Q2-2020-Revenue-Expected-At-85-Million-a-650-Increase-Over-Q2-2019
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