ForeverGreen Worldwide Corporation, a leading direct marketing company and provider of health-centered products, announced today financial results for the third quarter ended September 30, 2016.
“During the last couple of years, the Company has focused on top line revenue growth. The Company’s focus has now shifted to driving Company profitability, which in turn will drive shareholder value.
The nine month period in 2016 has seen the Company implement changes, regarding general and administrative expenses, which will reduce costs and put the Company in a much better position to deliver future positive shareholder results. While the company has seen a decline in the top-line revenue, the cost cutting initiatives have reduced the break-even point by almost 50%,” commented CFO Jack Eldridge.
“The Company continues to look for opportunities to improve upon or expand the restructuring and