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Northstar announces increase in online sales of almost four hundred percent this quarter
Northstar announces increase in online sales of almost four hundred percent this quarter.
About this update from Medgen Inc
[{"type":"text","content":"\n\n\n\n\n\n\n\nNorthstar announces increase in online sales of almost four hundred percent this quarter\n\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:\"0in\";\n}\n\n\n\n\n\n\n\n\n\n\nNorthstar announces increase in online sales of almost four hundred percent this quarter\n\nPR Newswire\n\nHOLBROOK, N.Y., Sept. 16, 2013\n\n\n\n\n\n\n\nHOLBROOK, N.Y., Sept. 16, 2013 /PRNewswire/ -- Northstar Global Business Services, Inc. Symbol (OTCPink: MDIN), today announced that it has seen an increase in online sales approximately 400% over the previous quarter. With revenue from sales last quarter at $160,663.00, not including \"deferred revenue\" from distribution agreements or open purchase orders, the company feels its financial health has strengthened significantly since the last disclosure statement was released.\n\n\nNorthstar's CEO, Nicholas Chieco commented, \"Regardless of distribution agreement terms or revenue gained through traditional wholesale channels, which sometimes cannot hit the bottom line right away, our online sales is the beating heart that will keep Northstar growing and continually showing the public that we are here to stay, and that we are slowly becoming a household name even with only moderate retail distribution.\" He goes on to say,\" It's really quite simple. We produce really good products that people want, and cannot get anywhere else. After almost four full quarters of being cash flow positive, its clear to me that no matter what challenges we may face in the future, our great products will keep us cash flow positive.\n\n\nWhat's next for Northstar? As previously announced, the company is undergoing an extremely meticulous and exhaustive two year audit, which they will use as the stepping stone to get re-listed on the OTCBB as soon as possible, a move they hope will stabilize the company's share price and deter some of the unfair trading practices common on the non-reporting markets. Additionally, a tremendously large-scale retail rollout is in the process of being scheduled with several well-known retail chains. Recently Northstar overcame a few hurdles that ...