Business
Advantis Corp. Searches for West Coast Distribution Hub
Advantis Corp. Searches for West Coast Distribution Hub.
About this update from Advantis Corporation
[{"type":"text","content":"\n \n \n Advantis Corp. Searches for West Coast Distribution Hub\n \n \nAdvantis Corp. Searches for West Coast Distribution Hub\n \n SANTA ANA, CA--(Marketwired - Jan 19, 2016) - ADVANTIS CORPORATION (OTC PINK: ADVT) has officially begun its search for a west coast distribution hub. Updates and pictures of company efforts will be posted on their Facebook website.\n Advantis Corp. has scheduled a meeting to evaluate a one hundred thousand square foot warehouse space in Oregon this week. The company recently pulled out of negotiations to acquire a Flint, Michigan warehouse after recognizing that long term operational expenses would have been cost prohibitive as a result of the contract terms, conditions, and location. \"At first blush, the deal looked good,\" Advantis CEO, Jeremy Foti, said. \"In the end, our analysis led to the conclusion that we need a more strategic partnership that allows greater flexibility and guarantees to keep our costs down; the space we are looking at this week offers both of these things.\"\n The new space the company is looking for will house the Supercritical CO2 Extraction machine and act as a product distribution hub. \"The delay in securing a warehouse space has delayed the revenue stream that the machine will produce,\" company Vice President, Geoffrey Broderick, explained. \"This short term delay may have momentarily stalled our upward trajectory, however we made this decision to benefit the company for decades to come. Rome wasn't built in a day, and it is better to execute the right deal than to rush into one that will cost us down the line.\" The company did not offer any specific details of the space they are looking at or the terms of the prospective deal, however Broderick was excited to say, \"We've done extensive research and found this property in Oregon to be very promising; it definitely offers us the turnkey solution we are looking for. I think shareholders will be very pleased with the business progress we make over the next 60 days, and the new warehouse will be icing on the cake.\"\n Broderick encouraged shareholders to visit the Advantis Facebook site later this week to watch for updates and pictures from the Oregon warehouse visit.\n ABOUT Advantis Corporation\n Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and ph...