Greene Concepts Details Highlights and Accomplishments from 2019 – 2021 While Continuing Movement Toward Massive Growth and Sales
Greene Concepts Inc. (OTC Pink: INKW) has released a recap of its achievements from 2019 to February 2021, highlighting significant developments since acquiring a bottling plant. Key accomplishments include a $2.875 million funding transaction without dilution, a joint venture with Lucky Soul Inc., and partnerships to enhance distribution. The company paid off all debts and increased inventory distribution via Amazon. Greene Concepts also plans to apply for OTCQB placement and aims to rise through OTC Market Tiers towards NASDAQ. Notably, the company reported a 2020 revenue of $51,425 against assets of $4,837,830.
- Completed $2.875 million funding transaction without dilution.
- Paid off all mortgage liens and debt obligations.
- Announced joint venture with Lucky Soul Inc. for wider distribution.
- Expanded inventory distribution to Amazon, selling out on launch day.
- Plans to apply for OTCQB status and aims for NASDAQ listing.
- 2020 revenue of $51,425 is significantly low against $4,837,830 in assets.
MARION, N.C., Feb. 25, 2021 (GLOBE NEWSWIRE) -- Greene Concepts Inc. (OTC Pink: INKW) is pleased to present to shareholders the Company’s highlights and accomplishments from 2019 – February 2021. This provides all shareholders some history about the company over the past couple of years since we acquired the bottling plant in early 2019.
Company Highlights (Jan – Feb 2021)
- Company connects with Marcus Lemonis "The Prophet" to donate water to Camping World to assist Texas residents
- Company donates a second truckload of bottled water to Houston to help the local residents
- Company donates a truckload of bottled water to Houston residents impacted by cold weather
- Company announces U.S. Veteran BE WATER distributorship in Pennsylvania
- Company announces it has paid off all mortgage liens and debt obligations of the bottling plant and surrounding land
- Company announces joint venture w/Lucky Soul Inc. to distribute BE WATER/SOULTOX brands in multiple channels
- Company announces it has begun application process for placement on the OTCQB
- Company completes
$2.87 5 Million funding transaction (w/o dilution) to expand and grow the BE WATER brand - Company partners with Upstart Kombucha to maximize distribution and sales around the country
- Company doubles inventory distribution to Amazon due to heavy demand
Company launches BE WATER page through Amazon and sells out of product first day - Company announces pathway to rise through OTC Market Tiers on the Way to NASDAQ
- Company announces inventory sent to Amazon fulfillment centers to support upcoming online listing
- Company details 2020 accomplishments to include an increase in sales over the past year
Company Highlights (2020)
- Company offers unlimited supply of artesian water for industrial, government and local economic use
- Company announces placement of BE WATER product brand on Walmart.com webpage
- Company releases annual report (period ending 7/31/2020) showing assets of
$4,837,830 & revenues of$51,425 - Company announces two new labels focused on extending sales into the Chinese Market
- Company announces A+ rating by the Better Business Bureau
- Company announces new BE WATER logo and sales campaign through Amazon.com
- Company expands sales reach in CA, GA, OR, LA and FL through multi-state distributorship initiative
- Company launches innovation and crowdfunding campaign on Indiegogo
- Company launches U.S Veteran Distributorship Program to expand economic opportunities for U.S. Veterans
- Company achieves first retail placement in Santa Rosa Pit Stop and on target for
$14M in sales worldwide in 2020 - Company signs 10-acre land purchase agreement near plant containing 7 production wells to meet increased demand
- Company announces
$16.5 million "Happy Mellow" immune formula purchase agreement by Sunflower Consulting Group - Company announces partnership with New World Health and Wellness and Stay Cool for Water Club subscription service
- Company announces launch of new CBD, CBN, CBG immune support beverage with SoluScience LLC
- Company announces launch of new Water Club subsidiary for water delivery based on subscription
- Company announces purchase order agreement with Central Florida's largest Nissan automotive dealer
- Company holds a virtual re-opening plant tour regarding full production operations
- Company receives approval as a government contractor and bid status on government contracts
- Company renewed marketing efforts to occur around the design and sale of premium artesian spring water
- Company signs a
$14,000,000 sales purchase agreement with Sunflower Consulting Group - Company finalizes first purchase order of BE WATER with Santa Rosa Band of Cahuilla Indians' Pit Stop Gas station
- Company announces strategic partnership with Sunflower Consulting Group to expand sales of BE WATER brand
- Company offers white label manufacture business opportunities to third-party beverage companies
- Company reduces common shares outstanding by 225 Million to 637,851,741
Company Highlights (2019)
- Company and Lunchbox Distribution LLC announces National Distribution Agreement to market and distribute Mammoth Venture, Inc. CBD infused water along with a complete line of wellness beverages
- Company announces manufacturing agreement (SpinWater™) with SpinLabel Technologies for its' subsidiary Mammoth Ventures, Inc. (See example of SpinWater product here: SpinWater™ Video)
- Announces Lenny Greene has resumed the role as company CEO and President
- Company announces the soon-to-be released Synergy Retailor Program (SRP)
- Announces production of first premium bottled water product will be called "BE WATER"
- Company receives regulatory approval to begin production and distribution
- Company announces a marketing and distribution focus in Southeast Asia along with domestic growth
- Company announces the water purity standards at bottling company far exceeds industry standard
- Greene Concepts announces it is
99% complete on updates regarding bottling plant relaunch - Greene Concepts partners with Nutrasource to accelerate path to
$23B market - Company announces expansion into
$127B specialty beverage market - Susan Hewlings, PhD, RD joins as new Director of Scientific Formulations
- Company webpage re-opens with sleek new look (www.greeneconcepts.com)
- Karen Howard appointed as new company CEO
- Completes Acquisition of Mammoth Ventures Inc., 60,000 sq ft bottling facility
Lenny Greene, CEO of Greene Concepts states, “We are excited to showcase above the steps we took to acquire, restore, test and ensue full production of our bottling plant. It is with great joy that I look back and review what we have accomplished over the past couple of years. We have received wonderful suggestions from shareholders and other interested parties regarding various ideas for changes or improvements, some of which we have implemented to get us to where we are now. Presently we are moving toward the 2021 financial goals and plans we set forth in our January 22, 2021 press release. We are profoundly grateful to our shareholders and excited to share our upcoming growth strategies as they occur.”
About Greene Concepts, Inc., Mammoth Ventures, Inc. and Water Club, Inc.
Greene Concepts, Inc. (http://www.greeneconcepts.com) is a publicly traded company. Through its recently acquired wholly owned subsidiary, Mammoth Ventures Inc., the Company has entered the specialty beverage and bottling business and is an emerging leader in the global scientifically formulated beverage industry. Through its subsidiary Water Club, Inc. we intend to pursue subscription-based delivery of water and scientifically formulated beverages directly to the consumers home and market the convenience of this service thru social media affiliate marketing partners.
Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
CONTACT:
Greene Concepts, Inc.
Investor Relations
IR@greeneconcepts.com
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