Ladybug's Acquisition of E-Commerce Platform Set to Boost Annual Revenue by $2.5 Million, Aligning with Revenue Target for 2024

Rhea-AI Summary

Ladybug Resource Group, Inc. (LBRG) acquires Tiny Sustainable Living website to expand digital reach in North America, expecting a $2.5 million revenue boost. The site offers organic health and wellness products, aligning with consumer demand for sustainable and transparent items.

Positive

• Acquisition of Tiny Sustainable Living website to enhance digital presence in North America
• Anticipated increase in annual revenue of approximately $2.5 million
• Focus on acquiring e-commerce platforms in the health and wellness sector
• Product selection includes organic superfood powders, plant-based supplements, and natural wellness items
• Use of organically and sustainably sourced ingredients with eco-friendly packaging
• Strategic move aligns with consumer demand for transparent and ethically sourced products
• CEO Tamara Maxfield aims for annual revenue goal of $25 million for the year

Negative

• None.

TULSA, Okla., April 03, 2024 (GLOBE NEWSWIRE) -- Ladybug Resource Group, Inc. (OTC PINK: LBRG) proudly announces, through its subsidiary Growhouse Nutraceuticals Ltd. (“Growhouse”), an initiative to broaden its digital reach in North America by acquiring the primary website of Tiny Sustainable Living Ltd. This purchase aligns strategically with Ladybug's objective to strengthen its online footprint, projecting an anticipated increase in annual revenue of approximately $2.5 million.

With a focus on acquiring unique e-commerce platforms in the health and wellness sector, the website of Tiny Sustainable Living Ltd caters to an environmentally conscious audience. Its product selection, featuring organic superfood powders, plant-based supplements, and natural wellness items, distinguishes itself through the use of organically and sustainably sourced ingredients, along with eco-friendly packaging. This strategic decision aligns with the increasing consumer demand for transparent and ethically sourced products.

Tamara Maxfield, B.A., CEO of Growhouse, reflects on this strategic move, "Integrating these e-commerce platforms is central to our expansion strategy. These acquisitions are critical for our goal of significant growth and deeper market penetration. Our management team is dedicated to achieving, and perhaps exceeding, our annual revenue goal of $25 million for this year.”

Stay informed with the latest news by visiting https://ladybugnutratech.com or following our social media channels.

About Ladybug Resource Group Inc.

Ladybug Resource Group Inc., operating under Ladybug NutraTech, leads the health and wellness e-commerce sector with innovative strategies, diverse product offerings, and a commitment to customer and shareholder satisfaction.

For further information, please contact:

Ladybug Resource Group Inc.

1408 S. Denver Avenue, Tulsa, OK 74119

info@ladybuglbrg.com

+1 918-727-7137

www.ladybugnutratech.com

Renmark Financial Communications Inc.

Bettina Filipone: bfilippone@renmarkfinancial.com

Tel.: (416) 644-2020 or (212) 812-7680

www.renmarkfinancial.com

Safe Harbor for Forward-Looking Statements: 

This news release contains forward-looking statements which are not statements of historical fact. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes,” “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management’s expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include but are not limited to changes in general economic and financial market conditions. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

FAQ

What is the ticker symbol for Ladybug Resource Group, Inc.?

The ticker symbol for Ladybug Resource Group, Inc. is LBRG.

What type of products does Tiny Sustainable Living website offer?

Tiny Sustainable Living website offers organic superfood powders, plant-based supplements, and natural wellness items.

Who is the CEO of Growhouse Nutraceuticals ?

The CEO of Growhouse Nutraceuticals is Tamara Maxfield, B.A.

What is the expected annual revenue increase from the acquisition?

The acquisition is projected to bring an annual revenue increase of approximately $2.5 million.

What is the goal set by the management team for annual revenue?

The management team aims to achieve, and possibly surpass, an annual revenue goal of $25 million for the year.