Business
Advantis Corp. Posts Record First Quarter Revenue
Advantis Corp. Posts Record First Quarter Revenue.
About this update from Advantis Corporation
[{"type":"text","content":"\n \n \n Advantis Corp. Posts Record First Quarter Revenue\n \n \nAdvantis Corp. Posts Record First Quarter Revenue\n \n NEWPORT BEACH, CA--(Marketwired - May 22, 2017) - ADVANTIS CORPORATION (OTC PINK: ADVT) filed its first quarter financial report today. The $119,000 of revenue reported is its highest quarterly revenue in company history.\n Total revenue for the full year of 2016 was $46,337 vs. $119,000 for the first quarter of 2017. Advantis CEO, Christopher Swartz, has been excelling at developing products and building new partner and client relationships. \"This is not just our highest revenue quarter ever,\" Swartz, stated. \"This quarterly revenue dwarfs the annual revenue of any of our previous years. I could not be more proud of the results our team is achieving.\" Swartz had been hinting at a sea change of quarterly numbers for some time, and first quarter revenue is what Swartz calls 'the beginning.' Last year Advantis ignited their business plan with some small test runs of Amstercans, then added the Nugsmasher line of rosin presses, which promised to significantly increase revenue. \"We dealt with some adversity this year with our rosin press deal, so we decided to shift gears and make our own press. This adversity was really a blessing; it set the table for us to continue increasing revenue quarter over quarter with a higher margin proprietary product.\"\n Swartz says that their rosin press brand is currently being tested and will be launched shortly. \"While I am so proud of the numbers we report today, there is more work to do. I fully expect revenue to surge when we introduce it to the market and through our current product pipeline.\" Swartz emphasized that the rosin press is the highest revenue product, but with the volume and growth of the Amstercans side of the business, he is eager to see how the escalating revenues of of the two respective product lines will compare. Swartz is thankful for the patience and faith that investors have shown in him, and is excited to reward them with the future revenue that the the press and the growing product lines are generating. \"We have an established client base and product pipeline, acquire new relationships daily, and continually develop innovative products. An effective business plan is being executed upon, and today's quarterly report is the signpost that truly mar...