FG Xpress Continues to Drive Growth
FG Xpress Continues to Drive Growth
- Company expects Q2 2013 to show 10% growth over Q2 2012
OREM, Utah--(BUSINESS WIRE)-- ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading provider of nutritional foods and other healthy products, today announces growth expectations for the current fiscal quarter. Based upon current sales trends, the company expects to announce year over year sales growth in excess of 10% for Q2 2013 compared to Q2 2012. During Q2 2012, ending March 31, 2012, the company reported sales of $3,120,897. A key driver of this revenue growth is the new FG Xpress brand.
The FG Xpress brand features Power Strips, a patented fusion of energy and ancient herbs. This product features a state-of-the-art, water-soluble adhesive technology with a proprietary blend of herbs, minerals, and ForeverGreen's exclusive marine phytoplankton for a variety of applications including body contouring. The product is doctor tested and endorsed.
"ForeverGreen is experiencing growth in every geographic region in the world. Our new products have essentially allowed us to erase borders and conduct business in a more efficient manner. We now have sales in over 70 countries. Our recently test-launched FG Xpress brand sales will have achieved over $1MM in sales by the end of April, a number escalating at 20-30% per month. We are also excited that our core customer product sales are also growing, albeit at a slightly lower rate. Overall, we expect sales growth in excess of 30% for 2013 versus 2012. Our gross profit margins will increase dramatically from the 30.1% achieved during the first half of last year and the higher quality of revenue will drive profitability. ForeverGreen will release 2012 year end financials on April 16, 2013 and Q1 2013 financials during mid-May. We look forward to sharing more details of our success on conference calls associated with each of these events. We are confident that we will continue to deliver the quality results our shareholders expect," stated Ron Williams, CEO.
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America. Offerings include their new global offering, Power Strips. Additionally, they offer Azul and FrequenSea™ whole-food beverages with industry exclusive Marine Phytoplankton, Versativa line of hemp-based whole-food products, A.I.M. Transfer Factor immune support, 03World™ weight management products, Pulse-8 powdered L-arginine formula, TRUessence™ Essential Oils and Apothecary, 24Karat Chocolate®, and an entire catalog of meals, snacks, household cleaners and personal care products. www.forevergreen.org
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
Craig Smith, 801-655-5500
KEYWORDS: United States North America Utah
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