GrowLife's Online Greners.com Division Enjoys Record Revenue Following DOJ Announcement
WOODLAND HILLS, Calif., Sept. 12, 2013 /PRNewswire/ -- GrowLife, Inc. (OTCBB: PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, is pleased to announce that the company's online hydroponic superstore, Greners.com, has received record sales and transactional volume following the Department of Justice's (DOJ) announcement that it would respect states' rights as it pertains to marijuana policy with limited exception.
"We have experienced record revenue following the long overdue DOJ announcement," stated Rob Hunt, President, GrowLife Hydroponics. "Both in total revenue and transactional volume, Greners.com is seeing a dramatic increase in sales including the largest dollar volume sales day in our history. Most importantly, we are seeing a substantial rise in new customer registration which for us is a very important metric."
"We are optimistic that this is trend, not fad," stated Hunt. "And while it would be unreasonable to think that we can continue to break our own sales records in perpetuity, these sales increases do indeed confirm at least for us, the significance of the DOJ position change. We are not an impulse item. Our products are sold to those who intend to grow something over time. It's a commitment. As such, we tend to think that our customer's motivations are more thoughtful and indicative of an overall trend enhanced by the liberty inherent in the DOJ's remarks."
To view GrowLife's Cannabis.org Facebook page and TELL THE TRUTH movement please visit: https://www.facebook.com/tellthetruthfederalgovernment
For a GrowLife Investor Presentation visit: http://growlifeinc.com/wp-content/uploads/2013/05/PHOT-DECK-4_30_13.pdf
To view a Grassroots Research report on PHOT please visit the link below:
About GrowLife, Inc.
GrowLife, Inc. (PHOT) (www.growlifeinc.com) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Greners.com, the online hydroponics superstore (www.greners.com), Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (www.phototron.com) as well as bricks and mortar retailers Urban Garden, Rocky Mountain Hydroponics and Evergreen Garden Center (www.rmgardener.com).
Cautionary Language Concerning Forward-Looking Statements
This release contains "forward-looking statements" that include information relating to future events and future financial and operating performance. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for GrowLife's products, the introduction of new products, the Company's ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company's liquidity and financial strength to support its growth, and other information that may be detailed from time-to-time in GrowLife's filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include statements regarding future sales, costs and market acceptance of products as well as regulatory actions at the State or Federal level. For a more detailed description of the risk factors and uncertainties affecting GrowLife, Inc. please refer to the Company's Securities and Exchange Commission filings, which are available at www.sec.gov. GrowLife, Inc. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE GrowLife, Inc.
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