Business
Advantis Corp Reports 30% Revenue Rise, Set to Increase Oregon Production by 50%
Advantis Corp Reports 30% Revenue Rise, Set to Increase Oregon Production by 50%.
About this update from Advantis Corporation
[{"type":"text","content":"\nNEWPORT BEACH, CA, Sept. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Advantis Corporation  (OTC PINK: ADVT) recently released the second quarter financials, posting a thirty percent rise in revenue. The report was filed just a week after company CEO, Darren Cherry, announced the earnings would be, “more than 20%.” Today, Cherry announced ongoing agreements and projects will continue to propel the quarter over quarter gains for Advantis, who just posted its second consecutive quarterly net profit.\n “No doubt we are in a rapid expansion phase,” Cherry said. “We are in the process of delivering the faster, more productive canning machine to Oregon, thanks to overwhelming demand for the packaging solution. We are working to ramp up production in Nevada. We are in the heart of the market boom right now.” Advantis is replacing the single use machine in Oregon with the larger, faster, and more productive apparatus which will allow them to increase production over fifty percent. “We will soon be able to have an equal amount of production in all three states,” Cherry claimed. “Having our footprint firmly settled in the West at this point of industry growth is right where we want to be. Consistent growth with several synergies that will further fuel our already rapid expansion.” Advantis has been utilizing its resources wisely as expands its product line, partnerships, and operational efficiencies. “Demand for these new see-through cans are much better than expected, and they allow us to fill a demand we were not able to benefit from before. Our existing partnerships are expanding and providing several opportunities for synergy... revenue growth for all involved. Our Pet Division is on track, new machinery is on deck for Nevada, and we’re getting ready to finalize our deal on the sublingual tabs,” Cherry explained. “We’re also about ready to move on the Orange County location.” Cherry alluded to completing negotiations and permits for the Orange County property. According to Cherry, plans, permits, and negotiations are in the final phase. “Things will begin accelerating more rapidly when we get in there,” Cherry concluded. Advantis wishes to thank Investors Hangout for mentioning the company in their podcast. Links...