ForeverGreen Worldwide Continues Growth and Expansion
Ron Williams, CEO, explained, "Earlier this year we suggested that we anticipated doing business in over 100 countries by mid-summer. Obviously we are ahead of this pace and are very excited about our future prospects. Growth in countries which we had previously done business remains strong, especially in the U.S., Canada, Brazil and Korea. However, some of the newer countries we are doing business in are driving the 20-30% monthly revenue growth we are experiencing. Rapid growth in newer markets such as France, Spain and some Asian Rim countries are helping drive profitability. We remain ahead of our pace to meet our previously announced revenue guidance of $16-$18 million in sales for 2013 and $7-$9 million in monthly revenue during 2014. Our ability to rapidly increase sales on a product line which appears to have no border limitations suggests that growth trends will continue for at least the next several quarters."
Forward-Looking Statement
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.
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