Waterless Beauty and Olive Tree People Achieves over 2000% Q1 Growth and 450% Q1 Growth for Oliveda International, Inc.

Rhea-AI Summary

Oliveda International, Inc. (OTC Pink: OLVI) announced a remarkable growth for its subsidiary, Olive Tree People Inc., with a 2000% increase year-over-year in Q1 2024. The parent company also reported a 450% increase in the same period. The company expects to hit $100 million in sales revenue in its second year, potentially reaching $300 million by 2025. Founder Thomas Lommel attributes the success to the growing waterless beauty movement and a strong consumer return rate due to effective products. Production in Germany has been ramped up, and additional olive tree farmland has been acquired to meet demand.

Positive

• Oliveda International, Inc. achieved a 450% growth in Q1 2024.
• Olive Tree People Inc. reported an impressive 2000% year-over-year growth.
• Company targets $100 million in sales revenue in its second year.
• Expected revenue of $300 million by 2025 with plans for uplisting.
• Increased production in Germany by five times to meet rising demand.
• Acquisition of additional olive tree farmland to ensure raw material supply.
• High consumer return rate attributed to effective products and a 365-day money-back guarantee.

Negative

• Potential risks involved in meeting lofty future revenue projections.
• Need for significant capital expenditure to increase production and acquire farmland.
• Dependency on consumer interest and acceptance of waterless beauty products.

The company recently celebrated its first year in the U.S. and is on track to reach $100 million in sales revenue in its second year

SANTA MONICA, CA, May 16, 2024 (GLOBE NEWSWIRE) -- Oliveda International, Inc. (OTC Pink: OLVI) today announced that the waterless beauty movement and subsidiary, Olive Tree People Inc., are growing by over 2000% compared to the previous year, even though Q1 2024 (the fiscal year starts on March 1st) has not yet been completed.   The parent company, Oliveda International, Inc., also grew by over 450% in Q1 with a strong continuing upward trend.

The Company’s financial results and Disclosure Statement for the period ended March 31, 2024 have been posted to the OTC Markets website at https://www.otcmarkets.com/stock/OLVI/disclosure.

Olive Tree People and Oliveda founder Thomas Lommel, when asked why his products are growing so fast, said, “Because what we are doing makes for most of the people perfect sense, and the time is ripe for it. Out of 100 to whom our waterless beauty consultants want to explain the waterless movement, 98 are curious and want to without any risk about our 365-day money back guarantee and out of the 98 over 90% come back because of the fast and life changing results.

“Another reason is that more and more people are no longer willing to spend a lot of money on 70% water when, as with most products, water is the first of the ingredients.   We are on track to write between 50 and 100 million in our second year and the potential is almost endless. We now sell a product every 15 seconds in the United States alone.”

When asked about the next three years, Lommel answered, “It is quite possible that in 2025 we will write $300 million in the year the year we intend to uplist, and in the 5th year, we will write our first billion.   In order to ensure this unique growth, which makes Olive Tree People the fastest growing waterless beauty brand in the U.S. and the rest of the world, production in Germany was increased five times, and additional olive tree farmland was purchased.

“Whether we write 5 or 500 million is not important to me personally. What drives me is this company that I started many years ago in my treehouse and that puts the olive tree at its center, from tree to beauty. What bothers me is this beautiful cycle that we have created over the past 20 years, in which we protect the trees, the soil and the earth and leave them as nature intended.   That we obtain the raw material for our life-changing products from our trees and bring the water that we do not use in our products to the people in Africa by building wells there. That is fulfilling and my understanding from holistic beauty,” Mr. Lommel added.

About Oliveda International, Inc. 
Oliveda International, Inc. and its subsidiary, Olive Tree People Inc., as well as the European companies, Olive Tree People Europe AG and Oliveda Deutschland GmbH, as well as Olive Tree Farmers SL, were founded by the German real estate investor Thomas Lommel and have more than 20 years of experience in management and organic certification growing mountain olive trees, in the extraction of first-class, internationally award-winning extra virgin olive oils, the extraction of hydroxytyrosol, and in the production and distribution of cosmetic and holistic waterless products related to the olive tree. Lommel is the inventor of the Olive Tree Therapy 10 years in 14 days as well as the inventor of olive matcha, which is based on the ground olive leaf. Also unique is the coffee replacement developed by Lommel, which is based on olive leaf and hydroxytyrosol. In addition, Lommel is successfully active in the rapidly growing mindfulness industry with the olive tree sound bath meditation he developed and the frequencies of his olive trees, which he makes available worldwide.

In addition to the registered beauty brands, Oliveda and LA Dope, as well as Re:connected to Nature, The Intuition of Nature, and Olive Mush, to name just a few brands, Lommel is the region's largest conservationist and protector of over 30,000 one-hundred-year-old mountain olive trees, and, with his Thomas Lommel Foundation, he brings the water that he does not use into his waterless beauty products to the people of Africa by building water wells on site.

In addition to online sales and a Europe-wide branch network of thousands of retail stores, Oliveda Deutschland GmbH operates its own flagship stores in Berlin and Düsseldorf.

The brand's treatment concepts are unique worldwide, and their effectiveness has been confirmed by conventional medicine. Read our book The Olive Tree Therapy 10 Years in 14 Days. Waterless beauty has been called “The Next Big Thing” in articles in U.S. Vogue, Harper's Bazaar, InStyle, Elle, Madame, Forbes, and many other industry publications, as well as by Mintel, a world-leading futurology institute. Gigi Hadid and many other celebrities are already Oliveda fans and support its success.   Further information on Oliveda International, Inc. and its subsidiaries and associate companies and brands can be found at www.olivetreepeople.com

Forward-Looking Statements
This press release may contain statements, estimates or projections that constitute "forward-looking statements" pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties, which may be found in the Company’s filings with OTC Markets Group Inc., that could cause actual results to differ materially from the Company's historical experience and present expectations or projections. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made.  The Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statements unless otherwise required by law.

FAQ

What is the recent growth rate for Olive Tree People Inc. (OLVI)?

Olive Tree People Inc. reported over 2000% year-over-year growth in Q1 2024.

How much did Oliveda International, Inc. grow in Q1 2024?

Oliveda International, Inc. experienced a 450% growth in Q1 2024.

What are the future sales projections for OLVI?

Oliveda International, Inc. aims to achieve $100 million in sales revenue in its second year and potentially $300 million by 2025.

How frequently does Olive Tree People sell products in the U.S.?

Olive Tree People sells a product every 15 seconds in the United States.

What measures has OLVI taken to support its growth?

OLVI increased production in Germany by five times and acquired additional olive tree farmland.

What is the consumer return rate for Olive Tree People products?

Over 90% of consumers return due to the fast and life-changing results, supported by a 365-day money-back guarantee.