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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Greene Concepts Incorporated (PK) | USOTC:INKW | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0035 | 0.0032 | 0.0039 | 0.004 | 0.0031 | 0.0038 | 14,989,407 | 21:00:00 |
Greene Concepts President & CEO Announces Significant Progress Toward the Company's Long-Term Financial Goals
Marion, NC -- January 22, 2021 -- InvestorsHub NewsWire -- Greene Concepts Inc. (OTC Pink: INKW) is pleased to present significant end-of-year accomplishments for the year 2020 and major developments for substantial long-term growth in 2021.
REPORT TO OUR SHAREHOLDERS:
Despite 2020 being an incredibly challenging year for the country economically due to the COVID-19 pandemic, Greene Concepts was able to grow during this timeframe following the successful launch of our bottling plant this past spring. I am pleased with the progress we achieved in executing on our strategic priorities. We have set a clear and bold path for Greene Concepts to be a premier provider of both bottled and industrial water supply. Furthermore, our water, sourced from the Blue Ridge Mountains of North Carolina, offers consumers one of the smoothest and best tasting water brands on the market.
FINANCIAL HIGHLIGHTS
We made significant progress toward our long-term financial goals in 2020. Our sales volume over the last quarter alone totaled 34% higher than the entire FY 2019 revenues and over 3,000% higher than the same quarterly period in 2019. Besides our increase in sales, the box below highlights our increase in assets and net income over the past FY.
Quarterly Report For Period Ending October 31, 2020. Sales for the quarter equal $101,022 vs. $3,249 for the same period in 2019. Total Assets for the quarter equals $4,380,881 versus $3,250,900 for the same period in 2019. Also, for the same period, the company earned a net income of $39,890 versus net loss of -$125,559 for the same quarter in 2019.
Annual Report For the Twelve Months July 31, 2019 – July 31, 2020. Sales during the company's previous FY equaled $67,127.
ACCOMPLISHMENTS
We achieved numerous accomplishments in 2020 to include:
Lenny Greene, CEO of Greene Concepts highlights, "I am confident Greene Concepts is on the right track to achieve its goals and am encouraged by the progress we are making as a company. The global bottled water market is expected to reach $350 billion by next year and $410 billion by 2024 and we are ready to carve out a nice piece of that market."
Lenny Greene, CEO of Greene Concepts continues, "There are many reasons for optimism in 2021. As we increase our partnerships and distribution channels this will lead to profitable growth through increased sales penetration to convenience stores, retailers, and small businesses. We are poised to begin our new Water Club Subscribe and Save service where consumers may receive a continuous supply of our bottled Be Water, Happy Mellow and our newest Hemp Retinol products along with Hemp roll-on's and Creams shipped directly to their front door."
Lenny Greene, CEO of Greene Concepts further states, "I thank you, our 5,000 shareholders, for your continued support. We are proud of our progress in 2020 and excited about what the future holds for Greene Concepts (INKW) and our Shareholders in 2021."
About Greene Concepts, Inc., Mammoth Ventures, Inc. and Water Club, Inc.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Greene Concepts, Inc.
Investor Relations
info@inkway.com
Lenny Greene
lenny@greeneconcepts.com
559-434-1000
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