Business
American Green Revenue Forecast for 2016
American Green Revenue Forecast for 2016.
About this update from American Green, Inc.
[{"type":"text","content":"\n \n \n American Green Revenue Forecast for 2016\n \n \nAmerican Green Revenue Forecast for 2016\n \n TEMPE, AZ--(Marketwired - Feb 4, 2016) - American Green, Inc. (OTC PINK: ERBB) today announced its 2016 revenue forecast for both calendar and fiscal year-ends.\n \"As shareholders have noted from our releases over the last couple of months, we have reviewed our new approach to the cannabis market and how American Green will drive revenues this year and beyond. Based on the initiatives that we have in place at this moment, and those that we are working on in the near-term, we forecast operating margins of $300,000 on revenues of $750,000 for calendar year 2016 and $600,000 on $1,500,000 revenues for our June 30th fiscal year-end,\" stated Jonathan Miller, American Green CEO. \"We plan to grow our branding program throughout the second and third quarters whereas our investment, financing, and consulting agreements will begin to see revenues in third and fourth quarters of this year. Operational margin is healthy through the period as internal costs are controlled and revenues will be primarily generated from fees; thus, our reliance on outside financing will diminish.\"\n The branding program will account for 25% of revenues and the balance from investment, leasing and consulting services. Into 2017, and our June 30 tax year-end, revenues are forecast to increase as our initiatives scale, with numbers from this period to be released as soon as the company can reliably do so.\n \"As previously mentioned, current initiatives will be the models for expansion. Within three months, we will be able to enter other markets with our branding program with a fully tested, consistent, and attractive look and feel. We have options on the table for investments in Oregon and Colorado that we are working diligently to close this summer,\" Miller said. \"This forecast should be considered conservative as expansion into other states with additional branding, investing, and managing contracts will likely occur in 2016. We have not included those revenues in this forecast.\"\n In other news, Jonathan Miller, American Green CEO, held another very well-attended conference call with our shareholders this past Tuesday, February 2nd. If you missed the call, you can hear it online at https://fccdl.in/XSPNC3VL2 or by dialing 641-7...