Friday, June 01, 2012 11:15:34 AM
CARLSBAD, Calif. - April 30, 2012 - Robert Brehm, CEO of Green Mountain Development Corp (Pinksheet: GMND), announced the company has posted its first revenues for 2012 as it began shipments of it Bio-Miracle™ agricultural products and project development services.
During the quarter, the company also signed a $5MM distribution agreement for a private label version of its Bio-Miracle™ products which will be marketed for use in backyard and community food growing systems that empower individual and community self reliance.
The company generated revenues of $111,369 and profits from operations of $92,670 coupled with other non-operational expenses of $140,395 for a small loss of $47,475 for the three months ending March 31, 2012 representing its best quarter in several years. Details of the quarterly report are available on the company website.
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