DAVIE, Fla., May 6, 2015 /PRNewswire/ -- Golden Grail Technology Corp (OTC: GOGY; "Golden Grail" or the "Company"), a technology and software solutions provider to companies with unique value propositions operating in mass market consumer sectors, today is pleased to announce that by introducing new products and increasing marketing efficiency, the Company was able to increase sales in the first quarter 2015 by over 17% quarter-over-quarter, despite record sales during the late 2014 holiday shopping season.
eCommerce sales always have seasonal fluctuations, especially with premium, mass-market consumer-focused products such as Jewelry and Clothing. While the fourth quarter (October – December) is undoubtedly every eCommerce merchant's most exciting and successful quarter given the holiday season, the following first quarter is typically the slowest quarter for eCommerce and least successful for merchants overall.
"For most eCommerce merchants, this seasonal peak-to-trough 'shopping' swing is very hard to overcome, especially in the first quarter. We are pleased to see that our Q1 2015 sales have not only ramped up, but also outpaced our otherwise stellar Q4 2014 sales. Now in Q2, we're focused on introducing new products and hope to continue this growth trend into the coming quarters," commented Michael Brodsky, President, Golden Grail Technology.
About Golden Grail Technology Corp
Golden Grail Technology Corp (OTC: GOGY) is a technology and software solutions provider to companies with unique value propositions operating in mass market consumer sectors such as jewelry, health and personal care, beauty, electronics, pet and animal supplies, sports and games. Golden Grail's mission is to utilize their network of industry experts who specialize in targeting areas of business that can be accelerated with technology in order to give small companies an opportunity to compete with industry giants. Golden Grail is currently focusing on their e-commerce accelerating platform, which allows companies to enter digital markets quickly, economically and compete effectively with larger brands. eMarketer research projects U.S. e-commerce sales, a market valued at $225 billion in 2012, will grow to $434 billion by 2017, representing a CAGR of 14%. The Company's flexible, revenue-share business model provides quick market entry and diversification with a low overhead – working to minimize risk and maximize investment return.
Golden Grail Technology Corp is headquartered in Davie, Florida. For more information, please visit www.goldengrailtechnology.com . For industry related news and updates, be sure to follow Golden Grail Technology on Facebook and Twitter.
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results. These forward-looking statements include, among others, statements with respect to our objectives and strategies to achieve those objectives, as well as statements with respect to our beliefs, plans, expectations, anticipations, estimates or intentions. These forward-looking statements are based on our current expectations. We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control. Therefore, future events and results may vary significantly from what we currently foresee. We are under no obligation (and we expressly disclaim any such obligation) to update or alter the forward-looking statements whether as a result of new information, future events or otherwise.
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SOURCE Golden Grail Technology Corp