The Company Expects Significant Progress During the Coming Quarters
NEW YORK, NY / ACCESSWIRE / APRIL 14, 2016 / PayMeOn, Inc (OTC Markets: PAYM) today announced that its wholly owned subsidiary, PayMeOn Brands, a diversified developer, marketer, and manager of lifestyle brands has finalized the integration of the various business models and agreements that have been in progress for close to a year. The Company expects to report that its current primary business line, the retail sale of Alternative Personal Transportation products (APT's), finished the year with record sales figures, generated mostly during the last two months of the year after the Company announced the launch of its retail location in Fort Lauderdale, Florida. According to Ed Cespedes, CEO of Paymeon, "We are very pleased with the performance of our retail location. We are even more pleased that operating the location has given us insight to the ever expanding opportunities for growth of our business around additional products that can be developed, especially around youth lifestyles."
PAYM has been able to capitalize on the excitement surrounding the APT market (hoverboards and electric bicycles being two of the most popular APT products) and has converted that excitement to substantial apparel licensing agreements and other complimentary opportunities.
In the near future, the Company expects to announce exciting new partnerships that it believes will validate its business plan and allow the Company to continue to focus on providing branded products to substantial "lifestyle" oriented markets.
Mr. Cespedes continued, "The Company has been relatively quiet in terms of shareholder and investor communications while it has been building its model and partnerships. We have recently hired Frontier Global Funding to handle our public and investor relations and expect to keep our investors informed in real-time as our business continues to develop."
About PayMeOn Inc. - PayMeOn Inc. (PAYM) develops, markets, manages and monetizes lifestyle brands and products. The Company leverages its relationships and expertise with manufacturing, wholesale and retail distribution, and social influencer promotion, primarily in youth oriented "lifestyle" markets to create and grow new and existing brands across products. Today, the Company is primarily focused on lifestyle apparel and alternative transportation products, but its platform will allow for it to expand rapidly. Please visit the Corporate website at: http://www.paymeon.com/.
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products and partnerships. Such forward-looking statements are based on present circumstances and on PAYM's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which PAYM has little or no control. Such forward-looking statements are made only as of the date of this release, and PAYM assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by PAYM with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
IR Contact: Joanne Broeders, President
Frontier Global Funding LLC
1395 Brickell Ave # 900
Miami, Fl 33131
SOURCE: PayMeOn, Inc