Operational Profitability and Improved Net Margins Remain Top Priorities
LINDON, Utah, December 13, 2018 /PRNewswire/ --
ForeverGreen™ Worldwide Corporation (FVRG), a global direct marketing company and provider of health and wellness products announced that it has completed the transition to become operationally profitable and cash flow positive.
For the first nine months of 2018, the Company achieved positive cash flow, or net cash provided by operations, of $267,274. With the recent decrease in overhead and increase in sales, the company has now achieved operational profitability.
"We believe these are significant accomplishments that align more closely with our investor's needs. Given the improved efficiencies, thereby increasing net margins, we predict significant operational profits during 2019. We believe that our model is scalable at this point. As a percentage of sales, cost of goods sold, general and administrative as well as sales and marketing expenses should all decrease during the upcoming year. With the additional opportunities and ongoing discussions on joint ventures, partnerships, new products, co-marketing agreements, and mergers and acquisitions, we believe that 2019 could be a record year for growth and profitability," stated Joe Jensen, Principal Executive Officer ForeverGreen.
About ForeverGreen™ Worldwide Corporation
Empowering a health-conscious community to focus on mindful self-care, ForeverGreen's products, opportunities and ideals reach around the globe to thousands of individuals in over 100 countries. ForeverGreen combines technology, science and ancient resources into products that can be shipped anywhere using a revolutionary envelope model. Despite this successful development, our most important product will always be people; community involvement and good character are the seeds of complete health. ForeverGreen is a publicly traded company based in Lindon, Utah. For more information, visit forevergreen.org. Welcome Home!
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.