ForeverGreen Worldwide Corporation a leading direct marketing company and provider of health-centered products, today announced it has just passed the twenty million mark of product sold for its leading product, PowerStrips.
ForeverGreen has seen an uptick in sales across all of its products, but this particular product has reached extraordinary levels during its prelaunch. The company expects sales of PowerStrips and other products to continue increasing this year. The company’s products and Farmers Market will have their official launch in May at the convention being held in Las Vegas.
“We expect the exceptional growth to continue this year and beyond as we work diligently to reach our long term goals. We are thrilled with the worldwide acceptance of our products and will continue to grow within our already established markets and certainly in the
Tag Archive for ForeverGreen
Hot Business News Today
ForeverGreen Expands Presence In Brazilian Market
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced it is acquiring strategic resources and relationships.
By creating these new connections, ForeverGreen can now utilize existing infrastructure and registrations for expanding its business throughout this market.
According to Direct Selling News, Brazil has broken into the top five direct selling markets in the world and is now a $14 billion a year industry. Brazil accounts for 8% of the global market, and its largest categories of product sales include personal care products, followed by food products.
“We are excited to bring this new opportunity to those building ForeverGreen businesses in Brazil. As one of the leading countries in our industry, Brazil will be an important springboard towards reaching the visibility and long term goals of our company.”
“Each step we
Hot Business News Today
ForeverGreen Reports 229% Increase In 2014 Revenues To $58.3 Million
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation (FVRG), a leading direct marketing company and provider of health-centered products, announced today financial results for the quarter and twelve month period ended December 31, 2014.
Fourth Quarter Financial Highlights
Total revenues increased 184% to $17,796,937, compared to $6,261,517 in the fourth quarter last year.
Gross Profit for the quarter was increased to $14.2 million and Gross Profit Margins increased to 79.6%.
Operating income was $685,341 compared to $83,284 during the quarter in 2014, a 713% increase.
Net income increased to $189,460, or $0.01 EPS, versus $5,788, or $0.00 EPS, in Q42013. The company had a one-time charge of $149,520 for the loss on settlement of claim. Excluding this item, net income was $338,980, or $0.02 per basic and diluted share.
Cash position, including restricted cash increased $291,544 during the quarter to $1,169,971.
Full Year Financial
Hot Business News Today
Forever Green – FG Xpress Releases Happy Valley
by Ted Nuyten • • 0 Comments
As ForeverGreen patiently waited for its time to come, we made a promise to never waver from our identity. Performing random acts of kindness, big or small, has always been at the core of our business model.
Just a few years ago, Ron Williams discovered there was an epidemic in the community in which he lived. Even though youth and young adults were dropping like flies, exceeding the number of car accident deaths, no one was talking about it. Happy Valley became not only a personal community stand for Ron, but for the entire ForeverGreen family.
He immediately enlisted the services of Craig Smith, Dan Barnett, Ally King, and Tomoko Tatematsu, and Happy Valley the movie became a passionate labor of love. Although it was funded by Ron, one hundred percent of proceeds from the film went to help people who wanted to take on their addictive behaviors.
Ron Williams, Director of Happy Valley said, “Somewhere deep in my soul, I felt that this project would not only help tens of thousands of people, but it would authentically demonstrate who we are at ForeverGreen.”
//www.youtube.com/watch?v=a1pxC6gHBQM
Without giving too much away, let’s just say that it was successful beyond our wildest expectations in theaters and film
Hot Business News Today
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
Hot Business News Today
ForeverGreen Worldwide Anticipates 2015 Full Year Revenue Of $90+ Million, Up 55-70% Over 2014
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, recently announced 2015 guidance.
“During 2014, we saw a significant jump in revenue and acceptance of our products worldwide. We needed to raise our guidance several times, and we hit nearly all our corporate goals. Next year, we expect our sales growth trends to continue. Our revenue should be in excess of $90 million. We are continuing to see a positive impact on our business from our investment in IT, logistics, inventory and management. We expect operating and net margins to increase as we benefit from economies of scale, pricing leverage and sales growing faster than fixed expenses. For the full year, we anticipate net margins of 4-6%,” said Jack Eldridge, CFO.
Mr. Eldridge continued, “During the current year, we concentrated on driving growth and educating the marketplace about our exciting product line. For 2015, we look to find a balance between further acceleration of sales and maximizing cash flow and profitability. We will continue to keep shareholders updated on our goals and targets for 2015.”
About ForeverGreen Worldwide
ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe,
Hot Business News Today
ForeverGreen Worldwide Corporation Accelerates Business In India
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced a number of ForeverGreen’s management team members traveled to India in November to meet with top leaders and accelerate business in the region. Among ForeverGreen’s leadership were Jack Eldridge, CFO; Joe Jensen, Vice President of Sales; and Bob Mower Steed, President Asia Pacific.
On the first day of the visit, ForeverGreen hosted a fly-in event at the ForeverGreen India’s office in Ahmedbad. Over 350 members attended as well as a number of high profile leaders from other direct marketing companies.
The next few days were dedicated to the Nirankari Wellness Mission event in India’s capital, Delhi. The charitable event is a bi-annual gathering where close to two million people can access free medical care, thousands can eat at an open-air soup kitchen and all can gather to hear Baba Ji, the spiritual leader of one of the largest sects in India.
“We partnered with Life Chiropractic College, The International Association of Chiropractors and the Indian Association of Chiropractors to provide pain relief to the masses through chiropractic adjustments and the application of PowerStrips by chiropractors to several thousand patients over the three days of treatment at the event,” said
Hot Business News Today
ForeverGreen Announces Q3 Results – Revenue Up 231%
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced Q3 2014 earnings. The quarter ended September 30, 2014.
Recent Company Highlights:
New leaders, distributors and customers added at record pace during Q3 2014
Company achieved sixth consecutive quarter of operating profitability and fifth consecutive quarter of net profitability
Sales increased each quarter for the last 6 quarters
Company actively shipped product in 175 countries, up from just 18 at the end of 2012
Company added new products, BeautyStrips and Retromé, to product portfolio
Company met or exceeded monthly targets necessary to remain on target for the increased company guidance of $56-60 million of revenue during 2014
Highlights for Q3 2014:
Sales increased to $15,880,244 from $4,793,782 for Q3 2013, a 231% increase
Gross profit rose to $12,499,786 compared to $3,665,285 during Q3 2013, a 241% increase
Gross profit margins increased to 78.7% versus 76.5% during the comparable quarter during 2013
Operating income was $317,263 compared to $301,619
Net income totaled $203,343 or $0.01 EPS versus a net income of $326,929, which included a one-time gain of $226,230
Excluding non-recurring costs, net income totaled $203,343 versus $100,699 during Q3 2013
Interest expense decreased to $113,101 or 0.7% of sales compared to $195,656 or 4.1% of sales during Q3 2013
Total Long Term
Hot Business News Today
ForeverGreen Welcomes New President Of North American Operations
by Nicole Dunkley • • 0 Comments
Jeff Graham has joined ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, as its new President of North American Operations. Graham, an industry veteran, brings a rare abundance of industry knowledge and experience to the position.
Graham’s impressive history in the direct marketing industry began at Nu Skin Enterprises, where he played a key role in product development for nine years. After taking a break from the industry to focus on his own entrepreneurial efforts, Graham introduced acai to MonaVie in 2005, catapulting MonaVie into the spotlight as one of the fastest growing companies in the industry and the world.
During his eight-year tenure at MonaVie, Graham served as the Head of Product Development and later transitioned into the role of President of North America, where he oversaw operations for the company’s two largest markets. After a brief hiatus, Graham served as the President and CEO of Nucerity, a Houston-based direct marketing company, before joining the ForeverGreen team.
“I believe ForeverGreen is poised to rewrite direct marketing history,” Graham explained when asked why he chose to be a part of the ForeverGreen team, despite his numerous offers around the industry. He added, “I am excited to be here.
Hot Business News Today
ForeverGreen’s October 2014 Sales Increase 130%
by Nicole Dunkley • • 0 Comments
ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced that October 2014 revenue exceeded October 2013 sales by more than 130%.
“During October 2014, our sales reached an all-time monthly high. Revenues were more than $5.8 million compared to a then record of $2.5 million during October 2013. We remain on track to achieve our seventh consecutive quarter of revenue growth and sixth straight quarter of profitability,” said Jack Eldridge, CFO.
“With the launch of several new products, we anticipate revenue and net profit growth continuing to accelerate moving forward. We remain on track for meeting or exceeding our previously announced revenue guidance for the year of $56-60 million.”
About ForeverGreen Worldwide
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, SolarStrips and BeautyStrips. They also offer Azul and FrequenSea, whole-food beverages with industry exclusive marine phytoplankton, the Versativa line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, TRUessence Essential Oils and Apothecary, 24Karat Chocolate and an entire catalog of meals, snacks, household cleaners and personal care products.