PLEASANT GROVE, Utah, October 6, 2015 /PRNewswire/ --
- Company anticipates 2015 Full Year Revenue of $74 - $76 Million, 27-30% growth over 2014
- Revenue of $24 - $26 Million Expected in Q4 2015
ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, today announced it recently revised 2015 Guidance.
Q3 2015 revenues will be roughly flat when compared to the previous quarter and will show a slight increase over the previous year. Q4 revenues are predicted to increase more than forty percent to the $24 - $26 million range. It is anticipated that Ketopia will account for 25 - 40% of sales as the company moves forward.
"During 2014, we saw a very nice jump in revenue and acceptance of our products worldwide. We are continuing to see a positive impact on our business from our investment in IT, logistics, inventory and management. Now that logistical and raw material inventory issues have been resolved for our newly launched Ketopia brand, we believe we will see dramatic increases in monthly revenues moving forward. We anticipate our fixed costs to stabilize as revenue continues to accelerate. We envision our growth trends accelerating next year and ForeverGreen will keep shareholders apprised on our goals and targets for 2016," commented Jack Eldridge, CFO.
For more information on ForeverGreen's products, visit http://www.forevergreen.org.
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia, Africa and South America, including their new global offerings, PowerStrips, SolarStrips and BeautyStrips. They also offer their new North America weight-management line Ketopia, along with Azul and FrequenSea, whole-food beverages with industry exclusive marine phytoplankton, a line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, 24Karat Chocolate.
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.
ForeverGreen Worldwide Corporation
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