Health and wellness product maker, ForeverGreen Worldwide Corp. (OTCQB:FVRG) has developed and commercialized KetonX, a drink product comprised of a patented blend of ingredients that it claims kicks the body into a state of “nutritional ketosis within a matter of hours, not days.”
Ketosis is a popular weight loss strategy involving low intake of carbohydrates, which triggers the body to burn fat for energy, making ketones in the process. It’s enjoying popularity again, but ultimately has been around for decades, thrown into the spotlight with the low-carb Atkins and Paleo diet plans introduced years ago.
The initial launch of KetonX in envelope packaging is outperforming expectations, with sales topping $200,000 in the first week.
The new packaging of KetonX has made the product available to not only the North American and Latin American American markets, but global distributors in the Middle East, Africa, Asia and Europe, ForeverGreen’s biggest market. The four-serving envelope is available now in over 107 countries, a 300% increase in market availability, according to the company.
Furthermore, the envelope style has other benefits, including cutting down on shipping costs and serving as a new platform for the company’s Ketogenic-lifestyle product packs. Ultimately, it gives salesmen new arrows for their sales quivers,
Tag Archive for FGXpress
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ForeverGreen – FGXpress Sees Improvement In Markets
by Ted Nuyten • • 0 Comments
ForeverGreen™ Worldwide Corporation (OTCBB: FVRG), a global direct marketing company and provider of health and wellness products, continues to reduce costs to streamline its operations and ultimately create shareholder value.
Growth strategies identified and executed include improved shipping methods, new developments and product offerings.
“It’s a new day at ForeverGreen,” said CEO Rick Redford.
“As we closed the books on the first six months and filed our quarterly results, ForeverGreen’s business operations are now starting to see improvement in our markets and overall business model.”
ForeverGreen’s global envelope model, called FGXpress, has broadened to include new product offerings packaged together at discounted rates and new product development.
Additionally, an expeditated delivery option with the company’s new shipping method called, Velocity Shipping, has been introduced for expansion to the global market.
This service is currently in select international markets and offers trackable orders, decreasing the number of lost and replacement shipments, and increasing profitability with faster delivery as quickly as two (2) to five (5) business days. (Click here for video explanation)
“The ForeverGreen Executive Team has worked with logistics partners to arrange for faster, trackable service to many of our international markets,”
said COO, Chris Patterson.
“This optional service – we call Velocity – is for our Members
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ForeverGreen – FGXpress CEO Ron Williams Resigns
by Ted Nuyten • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today the appointment of Rick Redford, as the company’s new CEO.
Ron Williams has resigned as the company’s President and CEO, and will remain as a member of the Board of Directors, as well as continue in a consulting role working directly with the leadership in the field.
Ron Williams commented,
“Finding the right person has been a timely and thorough process for the company. Mr. Redford has the right experience and knowledge to do an outstanding job as the Company’s new CEO.
I am looking forward to continue supporting and growing the company by taking a role that really embodies my talents and passion, which is working with our distributors and leaders of the company and to always keep our
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ForeverGreen – FgXpress Substantial Doubt To Continue As A Company
by Ted Nuyten • • 0 Comments
In an in-depth report, Duane Bair, research Analyst of Seeking Alpha, a not-so-friendly website for Network marketing companies, points out that ForeverGreen is running out of capital:
Duane Bair:
Almost half of the company’s members left in 2016 (45.5%), marking the worst year for member retention in recent company history.
With an accumulated deficit of $42.7 million and less than $200,000 of cash on the balance sheet, the company is quickly careening toward complete insolvency.
This year (2017), the company has $1.7 million of debt coming due. Operating cash flow is negative, the balance sheet has $187,000, and the company has been unable to get financing through traditional lenders.
It should not come as a shock that management has finally disclosed that there is substantial doubt regarding their ability to continue as a going concern.
“Through a series of
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ForeverGreen Appoints Rick Redford As Executive Team Leader
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, today announced Rick Redford will join the team as an executive team leader to help drive global sales.
Redford brings over 25 years of successful Direct Selling industry experience, previously working at Unicity International, Genesis Pure and Viz. His extensive experience includes contract manufacturing, sales, marketing and international expansion.
Along with his experience in direct selling, Redford brings his expertise in running several businesses, international sales and public speaking.
“I am delighted to join ForeverGreen at this time, ahead of the Paris event in October. I have had the privilege of serving our members in the past, and I am thrilled to be welcomed home again. I am committed and excited to assist the team in taking the Company to
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ForeverGreen – FgXpress Q2 2016 Revenue Down 32.8% To $10.8 Million
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today financial results for the second quarter ended June 30, 2016.
Second Quarter Financial Highlights
Total revenues decreased 32.8% to $10,798,076 from $16,079,017 during Q2 2015
Sales and Marketing expenses decreased 48.6% to $4,056,821 versus $7,890,203 during the comparable period in 2015
General and administrative expenses decreased 36.3% to $3,387,969 from $5,322,385
Total Operating Expenses decreased 43.7 % to $7,444,790 from $13,212,588 during Q2 2015
Net Operating Income Increased from a loss of $1,173,114 in Q2 2015 to a gain of $338,151
Net Income for the quarter was $189,719 or .01 EPS compared to a loss of $1,446,797 or (.06) EPS during Q2 2015
Second Quarter Highlights
During the second quarter of 2016, the company experienced exciting updates that included:
Continued Cost Cutting. This includes a reduction
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FGXpress Accelerates Business In Japan
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced Ron Williams, CEO and founder of ForeverGreen, as well as several other senior executives traveled to Japan to meet with top leaders and prepare for the expansion of business in the region.
PowerStrips, an FGXpress product listed with the FDA as a Class 1 Medical Device for the temporary relief of minor pain, has greatly increased in popularity in Japan, prompting the company to accelerate business in the county. Using all natural ingredients, PowerStrips can be mailed anywhere in the world and are marketed in 174 countries by a growing network of ForeverGreen members, making the product attractive to business owners, entrepreneurs and consumers across Japan.
Japan captures approximately one ninth of worldwide direct selling sales. ForeverGreen expects Japan to be a top producing country in 2015. “Japan is considered one of the big three markets in our industry,” Mr. Williams said. “It takes more time and resources, but the upside potential is worth the investment.”
Mr. Williams as well as Jeff Graham, President of North America, and other management met with top leaders to discuss how to improve logistics and advance ForeverGreen’s presence in Japan. According to Tomoko
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ForeverGreen Worldwide’s June Sales Growth Increases Over 300%
by Tina Williams • • 0 Comments
ForeverGreen Worldwide Corporation, a leading provider of nutritional foods and other healthy products, announced today that June 2014 revenue exceeded June 2013 sales by more than 300%.
“During June 2014, we had another record sales month,” said Jack Eldridge, CFO. “We remain on track to meet or exceed our previously announced revenue guidance of $13 – $15 million. While many companies are experiencing sluggish sales during the summer months, we continue to grow our revenues for the summer and the remainder of 2014. We are very pleased at how our company message is being received in the market place.”
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips and SolarStrips.
They also offer Azul and FrequenSea(TM) whole-food beverages with industry exclusive Marine Phytoplankton, the Versativa line of hemp-based whole-food products, Immune Support, Weight management products, Pulse-8 powdered L-arginine formula, TRUessence(TM) Essential Oils and Apothecary, 24Karat Chocolate(R), and an entire catalog of meals, snacks, household cleaners and personal care products.