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Ladybug Surpasses $6 Million in Revenue for First Half of Year

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Ladybug Resource Group, Inc. (OTC PINK: LBRG), operating as Ladybug NutraTech, reported $6.0 million USD in revenue for the first half of 2024, a significant increase of $2.8 million USD compared to total 2023 revenues. This 84% growth is attributed to strategic initiatives including website acquisitions, product line expansion, and e-commerce platform optimization.

The company's proprietary AI platform, NutraBuddy, is showing promising results in Alpha testing. It aims to provide personalized health and wellness recommendations using a sophisticated Large Language Model (LLM). Tamara Maxfield, a key figure in the company, emphasized their commitment to growth objectives while maintaining a prudent approach to risk management and focusing on long-term sustainability and shareholder value.

Ladybug Resource Group, Inc. (OTC PINK: LBRG), operante come Ladybug NutraTech, ha riportato 6 milioni di dollari USA in entrate per il primo semestre del 2024, un significativo aumento di 2,8 milioni di dollari USA rispetto ai ricavi totali del 2023. Questa crescita dell'84% è attribuita a iniziative strategiche, tra cui acquisizioni di siti web, espansione della linea di prodotti e ottimizzazione della piattaforma di e-commerce.

La piattaforma proprietaria di intelligenza artificiale dell'azienda, NutraBuddy, sta mostrando risultati promettenti nei test Alpha. Mira a fornire raccomandazioni personalizzate per la salute e il benessere utilizzando un sofisticato Modello di Linguaggio Ampio (LLM). Tamara Maxfield, una figura chiave dell'azienda, ha sottolineato il loro impegno verso gli obiettivi di crescita mantenendo un approccio prudente alla gestione dei rischi e concentrandosi sulla sostenibilità a lungo termine e sul valore per gli azionisti.

Ladybug Resource Group, Inc. (OTC PINK: LBRG), que opera como Ladybug NutraTech, reportó 6 millones de dólares estadounidenses en ingresos para el primer semestre de 2024, un significativo aumento de 2.8 millones de dólares estadounidenses en comparación con los ingresos totales de 2023. Este crecimiento del 84% se atribuye a iniciativas estratégicas que incluyen adquisiciones de sitios web, expansión de la línea de productos y optimización de la plataforma de comercio electrónico.

La plataforma de inteligencia artificial propietaria de la empresa, NutraBuddy, está mostrando resultados prometedores en las pruebas Alpha. Su objetivo es proporcionar recomendaciones personalizadas de salud y bienestar utilizando un sofisticado Modelo de Lenguaje Grande (LLM). Tamara Maxfield, una figura clave en la empresa, enfatizó su compromiso con los objetivos de crecimiento mientras mantiene un enfoque prudente hacia la gestión de riesgos y se centra en la sostenibilidad a largo plazo y el valor para los accionistas.

Ladybug Resource Group, Inc. (OTC PINK: LBRG), Ladybug NutraTech로 운영되며, 2024년 상반기 을 보고했습니다. 이는 2023년 총 매출에 비해 280만 USD의 유의미한 증가입니다. 이 84% 성장은 웹사이트 인수, 제품 라인 확장, 전자상거래 플랫폼 최적화를 포함한 전략적 이니셔티브에 기인합니다.

회사의 독점 AI 플랫폼인 NutraBuddy는 알파 테스트에서 유망한 결과를 보여주고 있습니다. 이는 정교한 대형 언어 모델(LLM)을 사용하여 개인화된 건강 및 웰빙 추천을 제공하는 것을 목표로 합니다. 회사의 핵심 인물인 타마라 맥스필드는 리스크 관리에 대한 신중한 접근 방식을 유지하면서 성장 목표에 대한 그들의 헌신을 강조하고 장기적인 지속 가능성과 주주 가치를 중심에 두고 있다고 강조했습니다.

Ladybug Resource Group, Inc. (OTC PINK: LBRG), opérant sous le nom de Ladybug NutraTech, a rapporté 6 millions de dollars USD en revenus pour le premier semestre de 2024, soit une augmentation significative de 2,8 millions de dollars USD par rapport aux revenus totaux de 2023. Cette croissance de 84% est attribuée à des initiatives stratégiques, notamment des acquisitions de sites Web, l'expansion de la gamme de produits et l'optimisation de la plateforme de commerce électronique.

La plateforme d'IA propriétaire de l'entreprise, NutraBuddy, montre des résultats prometteurs lors des tests Alpha. Elle vise à fournir des recommandations personnalisées en matière de santé et de bien-être en utilisant un modèle de langage de grande taille (LLM) sophistiqué. Tamara Maxfield, une personne clé de l'entreprise, a souligné leur engagement envers les objectifs de croissance tout en maintenant une approche prudente de la gestion des risques et en se concentrant sur la durabilité à long terme et la valeur pour les actionnaires.

Die Ladybug Resource Group, Inc. (OTC PINK: LBRG), die unter dem Namen Ladybug NutraTech operiert, meldete 6 Millionen USD Umsatz für die erste Jahreshälfte 2024, was einem signifikanten Anstieg von 2,8 Millionen USD im Vergleich zu den Gesamterlösen 2023 entspricht. Dieses Wachstum von 84% wird auf strategische Initiativen zurückgeführt, darunter den Erwerb von Websites, die Erweiterung des Produktportfolios und die Optimierung der E-Commerce-Plattform.

Die unternehmenseigene KI-Plattform, NutraBuddy, zeigt vielversprechende Ergebnisse in den Alpha-Tests. Sie zielt darauf ab, personalisierte Gesundheits- und Wellness-Empfehlungen mit einem raffinierten großen Sprachmodell (LLM) bereitzustellen. Tamara Maxfield, eine Schlüsselfigur des Unternehmens, betonte das Engagement für Wachstumsziele, während sie einen vorsichtigen Ansatz im Risikomanagement beibehält und sich auf nachhaltige Lösungen und den Wert für die Aktionäre konzentriert.

Positive
  • Revenue increased to $6.0 million USD for the first half of 2024, an 84% growth compared to total 2023 revenues
  • Successful implementation of strategic initiatives including website acquisitions and product line expansion
  • Significant progress in the development of proprietary AI platform NutraBuddy, showing promising results in Alpha testing
Negative
  • None.

TULSA, Okla., Oct. 02, 2024 (GLOBE NEWSWIRE) -- Ladybug Resource Group, Inc. (OTC PINK: LBRG), also known as Ladybug NutraTech, reported revenues of $6.0 million USD for the six months ending June 30, 2024, reflecting an impressive increase of approximately $2.8 million USD compared to total revenues generated in 2023.

Ladybug Resource Group's strategic initiatives for 2024, operating under the brand name Ladybug NutraTech, include the acquisition of profitable websites, expansion of product lines, and growth of the customer base. These initiatives are clearly reflected in the Company’s Q1 and Q2 revenue results. The development and optimization of e-commerce platforms have driven significant revenue growth, resulting in an approximately 84% increase compared to total revenues in 2023. This consistent upward trend highlights Ladybug Resource Group's robust market position and growth potential, setting the stage for ongoing success in the nutraceutical industry.

Tamara Maxfield, a key figure in the Company, shared her excitement about the platform's recent advancements. She emphasized the positive trajectory of the company's growth, stating, "Our company is heading in the right direction. We are committed to pursuing our growth objectives while maintaining a prudent approach to risk management. Our primary focus remains on ensuring the company's long-term sustainability and delivering substantial value to our shareholders." Tamara’s comments reflect a balanced and forward-thinking strategy, underlining the company's dedication to steady growth, cautious decision-making, and a deep commitment to its investors' interests.

The ongoing development of the Company’s proprietary AI platform, NutraBuddy, has yielded impressive results, with significant progress continuing during the Alpha testing phase. Ladybug’s digital strategy is centered on providing users with an intelligent and highly responsive system powered by a unique interface and a sophisticated Large Language Model (LLM). This cutting-edge platform is designed to deliver tailored health and wellness recommendations, offering everything from personalized fitness tips to specific guidance on managing individual health concerns. As NutraBuddy evolves, it promises to revolutionize how users approach their well-being, integrating advanced AI capabilities to create a truly customized experience. The platform’s ability to adapt to user needs and preferences sets it apart in the industry, positioning Ladybug at the forefront of digital health innovation. With continued development, NutraBuddy is poised to become an essential tool for anyone seeking to optimize their health and wellness journey.

About Ladybug Resource Group Inc.

Ladybug Resource Group Inc., operating under the brand name 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

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X/Twitter: LadybugNutra
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Instagram: LadybugNutraTech

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 terms such 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 within 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 was Ladybug Resource Group's (LBRG) revenue for the first half of 2024?

Ladybug Resource Group (LBRG) reported revenue of $6.0 million USD for the first six months ending June 30, 2024.

How much did Ladybug Resource Group's (LBRG) revenue increase compared to 2023?

Ladybug Resource Group's (LBRG) revenue increased by approximately $2.8 million USD, or 84%, compared to total revenues generated in 2023.

What is NutraBuddy and how is it progressing for Ladybug Resource Group (LBRG)?

NutraBuddy is Ladybug Resource Group's (LBRG) proprietary AI platform designed to provide personalized health and wellness recommendations. It is showing significant progress during its Alpha testing phase.

What are the main strategic initiatives of Ladybug Resource Group (LBRG) for 2024?

Ladybug Resource Group's (LBRG) main strategic initiatives for 2024 include the acquisition of profitable websites, expansion of product lines, growth of the customer base, and development of e-commerce platforms.

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