ForeverGreen Offers 2013 Guidance
ForeverGreen Offers 2013 Guidance
Revenue Growth of 30% Expected with Transition to Profitability
OREM, Utah--(BUSINESS WIRE)-- ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading provider of nutritional foods and other healthy products, today announced guidance for the fiscal year 2013 ending December 31, 2013.
The company anticipates revenues of $16-$18 million with $0.04-$0.07 earnings per share.
"We are pleased with the progress the company is making. Over the last two years we have undergone cost cutting efforts that have made us more efficient. Now, with some higher margin products driving our sales growth, the company expects to show profitability. This number should continue to increase during 2014. With our new product brand driving a large portion of this growth, and with much of the world still an untapped market for us, we do not see a slowdown in our growth rate for the next 18-24 months. Since we have about 18 million shares outstanding, small positive changes to our growth rate and net margins can have a significant impact on our earnings per share. After several years of delivering the message of a healthy lifestyle to a loyal base of customers, we are now delivering the financial metrics that our shareholders like. Since increasing shareholder equity is our top priority, we will continue to keep investors abreast of all key developments," 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
Forward-Looking Statement
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
craig@forevergreen.org
KEYWORDS: United States North America Utah
INDUSTRY KEYWORDS:
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