Two Hands Corporation Sales Grow as Expansion and Distribution Continues

Rhea-AI Summary

Two Hands Corporation (OTC Pink: TWOH) reported that sales for the first three weeks of October surpassed total orders from July and August. CEO Nadav Elituv stated the company is scaling its business and successfully rolling out new programs. The focus remains on increasing revenue to enhance shareholder value. Two Hands operates three on-demand food brands—Gocart.City, Grocery Originals, and Cuore Food Services. The press release also includes forward-looking statements regarding potential risks and uncertainties in financing and adapting the business model.

Positive

• Sales in October exceeded total orders from July and August.
• Successful rollout of new programs indicates effective business scaling.
• Focus on revenue growth aimed at enhancing shareholder value.

Negative

• Risks associated with financing planned expansion efforts.
• Possible challenges in raising funds on acceptable terms.
• Uncertainties in adapting the business model.

Toronto, Ontario, Oct. 21, 2021 (GLOBE NEWSWIRE) -- Two Hands Corporation, (OTC Pink: TWOH) is pleased to announce that Sales for the first three weeks of October have now exceeded all orders in July and August.

“The company has begun to scale its business, our team has been working hard to roll out new programs and it has been very successful”, commented Nadav Elituv, Chief Executive Officer.

Nadav Elituv continues, “We are building on our existing retail and wholesale while adding new areas of distribution that will allow us to scale the business.  We remain focus on revenue growth to support building shareholder value."

Two Hands Corporation, (OTC Pink: TWOH) is a food distribution company through three on-demand food brands, Gocart.City, Grocery Originals, and Cuore Food Services. Please visit our website at www.twohandsgroup.com

ABOUT GOCART.CITY
Gocart.city, a division of Two Hands Corp. (OTC Pink: TWOH) is an online grocery delivery market that services the Greater Toronto Area and beyond. They curate and deliver the freshest produce and specialty foods in Southern Ontario. To learn more about Gocart.city, please visit www.gocart.city.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Any statement not regarding a historical fact is a forward-looking statement. Important factors that could cause actual results to differ materially from those indicated by such forward-looking statements include, but are not limited to, the company's ability to finance its planned expansion efforts; the company's ability to raise funds on acceptable terms; the company's ability to successfully adapt its business model and such other risks disclosed from time to time in the company's reports filed with the securities and exchange commission including those on the company's annual report on form 10-K. The company does not intend to update any of the forward-looking statements after the date of this document to conform these statements to actual results or to changes in management's expectations, except as required by law.

CONTACT:
Two Hands Corporation
IR@twohandsapp.com
www.twohandsgroup.com
www.gocart.city

FAQ

What were Two Hands Corporation's sales figures in October 2021?

Sales for the first three weeks of October 2021 exceeded total orders for July and August.

What is the stock symbol for Two Hands Corporation?

The stock symbol for Two Hands Corporation is TWOH.

What is the focus of Two Hands Corporation's business strategy?

Two Hands Corporation focuses on scaling its business and increasing revenue to enhance shareholder value.

What food brands does Two Hands Corporation operate?

Two Hands Corporation operates Gocart.City, Grocery Originals, and Cuore Food Services.

What risks did Two Hands Corporation mention in their press release?

They mentioned risks related to financing expansion efforts and challenges in adapting their business model.