CORONA, Calif., April 18, 2016 /PRNewswire/ -- Acology Inc. (ACOL-OTCPINK) released its briefly delayed 10-K today. The delay, due to extensive auditing procedures, was offset with the announcement that 2015 gross sales more than tripled from the previous year.
CEO Curt Fairbrother stated, "Our interest expense was high this year due to the ownership change of our note from the original holder. This was done in mid-2015 and is recorded on the 10-K as a derivative expense. However, since that time we've controlled our costs, especially our operating net loss by more than 25%, and poured profit into expansion, personnel and hardware. Acology products and sales continue to advance and over-all gains continue to increase monthly. In the last 90 days company revenues have continued to climb. Acology's substantial growth in the last calendar quarter is evident in our 10-K report. We are pleased to report that Acology revenues so far in 2016 have more than tripled during this time over the same period last year."
Please visit Acology Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.
Acology trades on the OTC under the call letters ACOL. The company's websites are www.Acologyinc.com for the hospice and palliative care industry and www.themedtainer.com for the recreational and medical marijuana industry. Orders for Acology products can be taken online and by phone. Custom orders are especially welcome. Please send any and all inquiries to email@example.com or call (844) ACOLOGY (844-226-5649)
This press release includes statements that are covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events they are subject to risks and uncertainties and actual results for fiscal year 2016 and beyond could differ materially from the company's current expectations. Forward-looking statements are identified by such words as "anticipates", "projects", "expects", "planned", "intends" and "believes" "estimate" "targets" and other similar expressions that indicate trends and future events. It is understood that investment entails risk on the part of the investor and could result in the loss of some or all of his or her investment.
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SOURCE Acology Inc.