Business
Advantis Corp Forcasts 20% Quarterly Revenue Growth, Increased Margins
Advantis Corp Forcasts 20% Quarterly Revenue Growth, Increased Margins.
About this update from Advantis Corporation
[{"type":"text","content":"\nNEWPORT BEACH, CA, Nov. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – ADVANTIS CORPORATION (OTC PINK: ADVT) CEO, Darren Cherry, took some time to update shareholders on the current progress of company operations. According to Cherry, harvest season is in full swing and he sees the company staying on pace for 20% or more quarterly revenue increases for the foreseeable future.\n “It’s harvest season,” Cherry explained. “We’re about to start on multiple pallet-sized orders, and we have a pipeline of additional Amster-Can business. Edible packaging is proving to be more successful than we imagined, and it’s time to expand our equipment lineup again. We have all hands-on deck to fulfill the growing demand for all of our products and services.” The company is currently working through the regulatory process to establish operations in Orange County and plans to house much larger, more efficient packaging equipment in the location that will package for partners and clients as well as its own self-branded products. “We have several developments that will significantly increase our overall profit margins. Self-branding is a big part of that; the Pet Division and wrapping up negotiations with our sublingual strip manufacturer is also a big contributor. The bottom line is that we are steadily growing and will have some leaps and bounds coming as we launch some of these new products.” Cherry, who took the helm of Advantis in September of last year, has steadily increased revenue and led the company to its first two consecutive profitable quarters in company history. “I see much larger profits in the very near future,” Cherry said. “We have firmly established ourselves in this industry, and we will continue to build on our relationships and ultimately our bottom line.” While the company has significantly increased its revenue and reach over the past year, Cherry acknowledged that they are behind schedule with a few key priorities. “I would have liked to have seen the Pet Division launch by now. I would like to be a fully reporting company already. Both efforts have proven more challenging than we initially anticipated. I’ve said we would be fully reporting by the end of this year, and it appears to be delayed by a couple steps. In the mean...