"We have seen increases in revenues in each of our last three quarters and have added a couple of new distribution deals during the quarter that will give us additional traction in key parts of the country. We expect revenues to continue in a strong growth pattern as sales create excitement for our brand and inquiry's increase on a daily basis.
We are expanding our national distribution network and with continued growth over the next couple of quarters we can achieve positive cash flow and begin generating operating profits during 2014.
We have shored up our balance sheet by converting much of the unfavorable debt to long term financing with several accredited investors with notes convertible at .20/share, eliminating debt of two founders, reducing salaries of key executives to $1/year and paying off debt convertible below the market. These business decisions confirm our commitment to the long term viability of the Company and our desire to become a household name in the future."
This potential is unheard of from a Penny Stock. But then again, MNST (Monster Beverage) was a penny stock at one time and it's now $140.00/share, and their float is 174MM, LVVV's is only 82MM.
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