Herborium® Group Inc, Shareholder Update Letter (Part 1)
Herborium Group, Inc. (HBRM) has reported significant progress in 2022, achieving an 8.5% increase in revenues compared to the previous year, surpassing $1 million. The company successfully reduced its debt by retiring over $110,000 in notes, preventing massive dilution through new share issues. All four quarters were profitable, with operational costs decreasing. Looking ahead, Herborium plans to introduce a second-generation product for its lead therapeutic, AcnEase, expected to offer better convenience and higher margins. The company is also entering the AI space for personalized health solutions.
- Revenue grew by 8.5%, surpassing $1 million in 2022.
- Reduction of over $110,000 in debt, preventing dilution.
- Profitability achieved in all four quarters of 2022.
- Introduction of a second-generation AcnEase product, anticipated to improve margins.
- None.
Increased Revenues and Reduced Debt (through retiring Notes) in 2022 Establish the Foundation for the Company’s Transformative Growth in 2023
Houston, Texas, Jan. 18, 2023 (GLOBE NEWSWIRE) -- Herborium® Group, Inc. (OTC Pink: HBRM), www.Herborium.com, www.acnease.com a Botanical Therapeutics® Company and the provider of proprietary all botanical medicinal products (Botanical Therapeutics®) and interactive advanced content platform targeting dermatological and other health and wellness concerns, shares a Shareholders Update Letter Part 1 from the CEO, Dr. Agnes Olszewski.
To Our Valued Shareholders
As the most difficult two years in a history of our Nation, communities and businesses, marked by Covid pandemic can finally be seen in the rear mirror we are collectively facing new challenges and new opportunities both in the USA and on the world stage. This is why I feel it is important to provide a separate update on the 2022 and Corporate Milestones we achieved, and than –in a separate document share our plans, strategies and opportunities for 2023 and beyond.
We at Herborium feel that in a world full of uncertainties it is appropriate to share updates on the solid foundation we built to enable the Company to adapt to the changing environment encountered in 2022, and to secure our ability to evolve and grow to assure continuous increases in shareholders value. In Shareholders Update Part 2 we will present our plans for 2023
2022 Milestones
Keeping The Course: Despite the disruptions and dislocations caused by the Covid epidemic, Herborium® was able to not merely survive but actually advance its programs during these challenging times. We harnessed two major trends resulted from the pandemic that are here to stay: a). the growing use of technology in all aspects of life including healthcare, wellness and beauty (Herborium’s present market sectors), b). growing interest in natural, holistic and integrated approach to all aspects of healthcare (Including health, wellness and beauty) . These values have been represented by and powered Herborium’s® Mission since the Company’s inception.
Growing Revenues: Herborium’s® financial results improved. Our revenues grew
No Dilution: Furthermore -the growth was self perpetuated without any further dilution.
Debt Reduction: Company’s efforts to reduce debt was achieved by over
Company Ranking: In 2022 Herborium was the subject of a positive Research Report by the Independent Financial Analyst . In addition, HBRM has been classified as the highest tier company on OTC and has been qualified among the most desirable trading tickers on OTC due to its historical and continued commitment to compliance, ease of electronic stock management and clean regulatory records.
New Products: As a part of our commitment to continue to satisfy consumer needs and improve profitability – the Company commenced a complicated process of developing a second generation of AcnEase its lead acne and Rosace Botanical Therapeutic®. We expect to complete this process in 2023. This next generation, all natural product should provide for more convenient pattern of use, lower cost ( higher margin) and broader application options.
Entering the Artificial Intelligence(AI) Medical, Wellness and Beauty Space: As Covid Pandemic accelerated some specific healthcare , consumer and technology trends, specifically the personalization and individualization of information, diagnosis and advisement as well as marketing use of AI technology, Herborium enter this space in 2022 through partnering with ADRECOM INC. an innovative, multinational technology group specializing in developing propriety AI technologies to create a muti-faced, proprietary AI marketing and counseling platform in the space of skin health, wellness and beauty focus on the natural medicinal ingredients and know how. The first stage of designing this platform was completed and is ready for launch and testing in 2023.
ESG: 2022 saw a further increased focus on the ‘environmental, social, and governance’ (“ESG”) movement, though this far from new to us here at Herborium. As a woman-led company offering natural, environmentally sustainable solutions that provides value for a diverse group of stakeholders, ‘ESG’ has always been part of our ‘DNA’
Investors Relations : We have marked 2022 by more tweets , press releases and on going communication with Shareholders that in the previous years. As there is always place for improvement, we are certainly committed to further improve those efforts in 2023.
The Second Part of The Shareholders Letter will be released sbefore the end of January and will focus on the 2023 opportunities, plans and strategies
About Herborium Group, Inc.
Herborium Group, Inc. is a botanical therapeutics® company that develops, licenses and markets proprietary, botanical based medicinal products to consumers and healthcare professionals. The Company’s business model focuses on emerging market opportunities spearheaded by the growth of a new market sector located between high-cost, high-risk, ethical pharmaceuticals and commoditized classic nutraceuticals (supplements). The Company uses clinical validation and a proactive regulatory strategy based to establish and maintain a differential advantage. Herborium has secured a pipeline of botanical ingredients based products Herborium Group sells its products in the United States, the United Kingdom, and continental Europe through a network of distributors, specialty retailers, and e-commerce.
For more information, please visit www.herborium.com, www.acnease.com , www.acnease.fr, and www.acnease.eu
Safe Harbor Statement: This release contains forward-looking statements with respect to the results of operations and business of Herborium Group, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
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