Advantis Corp Forcasts 20% Quarterly Revenue Growth, Increased Margins
NEWPORT BEACH, CA, Nov. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – ADVANTIS CORPORATION (OTC PINK: ADVT) CEO, Darren Cherry, took some time to update shareholders on the current progress of company operations. According to Cherry, harvest season is in full swing and he sees the company staying on pace for 20% or more quarterly revenue increases for the foreseeable future.
“It’s harvest season,” Cherry explained. “We’re about to start on multiple pallet-sized orders, and we have a pipeline of additional Amster-Can business. Edible packaging is proving to be more successful than we imagined, and it’s time to expand our equipment lineup again. We have all hands-on deck to fulfill the growing demand for all of our products and services.” The company is currently working through the regulatory process to establish operations in Orange County and plans to house much larger, more efficient packaging equipment in the location that will package for partners and clients as well as its own self-branded products. “We have several developments that will significantly increase our overall profit margins. Self-branding is a big part of that; the Pet Division and wrapping up negotiations with our sublingual strip manufacturer is also a big contributor. The bottom line is that we are steadily growing and will have some leaps and bounds coming as we launch some of these new products.”
Cherry, who took the helm of Advantis in September of last year, has steadily increased revenue and led the company to its first two consecutive profitable quarters in company history. “I see much larger profits in the very near future,” Cherry said. “We have firmly established ourselves in this industry, and we will continue to build on our relationships and ultimately our bottom line.” While the company has significantly increased its revenue and reach over the past year, Cherry acknowledged that they are behind schedule with a few key priorities. “I would have liked to have seen the Pet Division launch by now. I would like to be a fully reporting company already. Both efforts have proven more challenging than we initially anticipated. I’ve said we would be fully reporting by the end of this year, and it appears to be delayed by a couple steps. In the mean-time, we continue focus on our biggest revenue drivers to fuel our continued success.” “Revenue growth is the key to everything,” Cherry concluded. “I see our revenue and profits growing by leaps and bounds over the next few years, and our constant effort to keep pace with demand is ensuring our continued success, regardless of the greater exposure we’ll have when we’re a fully reporting stock next year.”
Advantis wishes to thank Investors Hangout for mentioning the company in their podcast.
Links to Advantis pictures and websites can be found on Facebook and Instagram pages, and at advantiscorp.com, rosin6.com, elixicure.com, and amstercan.com.
About Advantis Corporation
Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes partnerships with businesses that develop and sell proprietary pain management, and consumer products and services.
Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward- looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.
For further information, contact: Media Relations Contact Name: Woo Kim, Director Organization: Advantis Corporation Phone: 949-354-3585 Address: 1048 Irvine Ave. #900 Newport Beach, CA 92660 E-mail:
