Pacific Ventures Group Announces Company Record Annual Revenue of $30,741,152 for Full Year 2020
Pacific Ventures Group, Inc. (OTC PINK:PACV) has reported a remarkable 519% increase in annual revenue, reaching $30,741,152 for the year ending December 31, 2020, compared to $5,918,337 in 2019. This growth is attributed to an expanded customer base and larger order sizes, particularly from essential sectors such as hospitals and nursing homes. The company anticipates filing its 2020 Annual Report by March 31, 2021, and remains optimistic about continued growth in 2021 as various markets normalize.
- Record annual revenue of $30,741,152 for 2020, up 519% from 2019.
- Successful pivot to essential customers such as hospitals and nursing homes.
- Increased overall customer base and order sizes.
- None.
Increases in Customer Base and Order Sizes Drive Record Growth
LOS ANGELES, CA / ACCESSWIRE / March 3, 2021 / Pacific Ventures Group, Inc. (OTC PINK:PACV) (the "Company"), a food and beverage holding company specializing in the distribution of consumer food, beverage, and alcohol-related products, is pleased to announce record growth of
The Company expects to file its 2020 Annual Report under Form 10-K by March 31, 2021.
"I am proud of our achievement in reaching Company-record sales in 2020, as we increased sales to essential customers with a successful pivot to new opportunities with Hospitals, Nursing Homes, and Naval Bases, stated Shannon Masjedi, Pacific Venture Group's Chief Executive Officer. "Our revenue for the year ended December 31, 2020 was
About Pacific Ventures Group, Inc.
Pacific Ventures Group, Inc. (OTC PINK:PACV) is focused on expansion within the consumer products, food, beverage, and alcohol-related industries. For more information on PACV, please visit www.pacvgroup.com. (You need to be at least 21 years of age (legal age to consume alcohol) to visit the section of the website dedicated to SnöBar.)
Safe Harbor Statement
Forward-Looking Statement: This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include but are not limited to the inability of the company to obtain financing sufficient to maintain its operations and execute its acquisition strategy; the inherent uncertainties associated with smaller reporting companies; and other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Investors Contact:
ir@pacvgroup.com
SOURCE: Pacific Ventures Group, Inc.
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