LINDON, Utah, December 28, 2017 —
ForeverGreen™ Worldwide Corporation (OTCBB: FVRG), a global direct marketing company and provider of health and wellness products has completed its planned consolidation and restructuring of the company, including reducing overhead costs, streamlining the company's product offerings, reducing shipping costs, reduction of personnel and consolidating domestic and foreign warehouse and office spaces. These strategies were directed to reduce overhead and debt, streamline domestic and international operations, improve distribution channels and consolidate the company's product offerings. All of these steps have taken the last year to accomplish, and the company is now seeing the positive impact on the company's model and its profitability.
“This has been a difficult year of transition for ForeverGreen. It was my main objective in 2017, as the company's new CEO, to complete the restructuring of the company, both domestically and internationally and it has taken even longer than I originally thought it would. I believe that while we have reduced in many areas, we can keep and refocus on the key products, marketing messages, technologies and foundational values and heritage that have made ForeverGreen successful. The company's proprietary envelope model has been, and continues to be a unique and successful business model for ForeverGreen. Now, in 2018, the management team will be focusing on sales growth, higher profitability, and net margins to increase our shareholder's value,” said ForeverGreen CEO, Rick Redford.
About ForeverGreen™ Worldwide Corporation
ForeverGreen Worldwide Corporation was founded in 2004, and develops, manufactures and distributes an expansive line of all-natural products to North America, Europe and Asia, including its global Xpress offering Prodigy-5™, featuring TransArmor™ Nutrient Technology, as well as Pulse-8™ powered L-arginine formula for cardiovascular health. Additional products include PowerStrips™, SolarStrips™, with industry exclusive marine phytoplankton.
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.
For more information:
Brokers and Analysts:
SOURCE ForeverGreen™ Worldwide Corporation
Powered by WPeMatico