ForeverGreen Worldwide Continues Strong Growth and Expansion

ForeverGreen Worldwide Continues Strong Growth and Expansion

OREM, Utah--(BUSINESS WIRE)-- ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and other healthy products, today announced that it has successfully launched and is receiving customer sales in 116 countries worldwide, up from 17 in 2012. Nearly half of these countries were added during Q2 2013. In addition to this growth, the company is increasing its first time customer growth at a historic rate. New customer growth, since the pre-launch of FG Xpress in late November 2012, is up an average of 54% monthly. The company currently is experiencing over 2,000 new customers per month and expects this number to continue to escalate.

Ron Williams, CEO, explained, "Earlier this year we suggested that we anticipated doing business in over 100 countries by mid-summer. Obviously we are ahead of this pace and are very excited about our future prospects. Growth in countries which we had previously done business remains strong, especially in the U.S., Canada, Brazil and Korea. However, some of the newer countries we are doing business in are driving the 20-30% monthly revenue growth we are experiencing. Rapid growth in newer markets such as France, Spain and some Asian Rim countries are helping drive profitability. We remain ahead of our pace to meet our previously announced revenue guidance of $16-$18 million in sales for 2013 and $7-$9 million in monthly revenue during 2014. Our ability to rapidly increase sales on a product line which appears to have no border limitations suggests that growth trends will continue for at least the next several quarters."


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:

The article ForeverGreen Worldwide Continues Strong Growth and Expansion originally appeared on Fool.com.

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.