Aug 20 2010
ForeverGreen Worldwide Corp. (OTCBB: FVRG), www.forevergreen.com, manufacturer and distributor of all natural whole foods, today announced that it has filed 2010 Q2 financial reports.
The company reported revenues of $2,423,082 during Q2 2010, ending 6/30/10 versus $3,330,979 during the comparable period in 2009.
The company reported a net loss of $95,427 or .01 EPS compared to a loss of $142,480 or .01 during the same period last year.
Additionally, Q2 2010 second quarter accomplishments include:
- Introduction of a new compensation plan, supplemented on 7/27/10, called "The People's Plan"
- Company took steps for necessary cost reductions for future profitability
- Cost of sales was reduced to 67.0% compared to 70.8% during the same timeframe last year
- Introduced a new product, "Pure," a unique concentrate of unique marine phytoplankton product
- Concentrating on building high growth in international markets - seeing Spanish speaking countries and Asia growth of over 10% per month
"ForeverGreen's international markets, especially Latin America, will help accelerate our growth and momentum as we move further into 2010. We believe that the opening of new markets as well as the introduction of new products and a new compensation plan bode well for our future. When coupled with the lowering overhead costs we look forward to a better financial situation as we head into the latter part of the year," said Ron Williams, ForeverGreen CEO.
Source: ForeverGreen