Ladybug Charts Strategic Transition: Shifting Focus to Health and Wellness Sector
-Nutraceutical Products Market to Continue CAGR of 7.2% Reaching $404 Billion in 2025-
TULSA, OK, Nov. 07, 2023 (GLOBE NEWSWIRE) -- via –Ladybug Resource Group, Inc.; (OTC PINK: LBRG) ("Ladybug" or the "Company"), is shifting the corporate focus to Health and Wellness to complement the acquisition of Growhouse Nutraceuticals Ltd.
Throughout the next 24 months Ladybug will embark on an aggressive growth program characterized by acquisitions designed to generate additional revenues of approximately $100,000 to $300,000 per month. By targeting distinct segments within the vast landscape of health and wellness, these acquisitions allow for the judicious allocation of marketing funds, resulting in a significantly enhanced Return on Advertising Spend (ROAS). This strategic approach enables LadyBug to optimize its marketing efforts and capitalize on the unique strengths of each individual acquisition in the pursuit of sustained growth.
MarketsandMarkets Research identifies North America as the largest global market for Nutraceutical products. Another targeted growth opportunity is in the Healthy Eating, Nutrition and Weight Loss sector, forecasted in excess of $946 Billion annually by the Global Wellness Institute.
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Safe Harbor for Forward-Looking Statements: This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Company Contact:
Alan K. Fetzer, Chairman and CEO Ladybug Resources Group Inc.
1408 S. Denver Avenue, Tulsa, OK 74119
