ForeverGreen Achieves Key Financial Metrics

Business Wirevia The Motley Fool
Updated

ForeverGreen Achieves Key Financial Metrics

OREM, Utah--(BUSINESS WIRE)-- ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and other healthy products, today announced that several important financial measurements have recently turned positive for the company.

Recent highlights included:

  • Positive EBITDA - positive EBITDA during Q2

  • Positive non-GAAP earnings

  • Operating Profitability - net cash provided by operating activities of approximately 1½ cents/share during Q2 2013, continues to escalate in Q3 2013

  • Revenue increasing - Q3 2013 will be significantly higher than Q3 2012 revenues with higher gross margins.


"We have two major factors that are driving our growth and profitability beyond any prior historical levels. First, we have a Class I FDA listed medical device to market, and secondly we are selling in 136 countries. This number has increased by 119 new countries since the beginning of 2013. Our number of active distributors for just the FG Xpress product is over 13,000, and we are now adding nearly 2,500 new distributors each month. We look forward to continuing to deliver the important metrics our shareholders desire," commented 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, South America and Africa. 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
or
Brokers and Analysts:
Chesapeake Group
Kevin Holmes, 410-825-3930
info@chesapeakegp.com

KEYWORDS: United States North America Utah

INDUSTRY KEYWORDS:

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