Business
CORRECTION - OLIVEDA International, Inc.
CORRECTION - OLIVEDA International, Inc..
About this update from Oliveda International, Inc.
[{"type":"text","content":"\n \n \n CORRECTION - OLIVEDA International, Inc.\n \n \nCORRECTION - OLIVEDA International, Inc.\n \n SANTA MONICA, CA--(Marketwired - Jun 13, 2017) - In the news release issued earlier today by OLIVEDA International, Inc. (OTC PINK: OLVI), we are advised by the company that mentions of \"$1 billion\" have been removed and replaced throughout. Complete corrected text follows.\n OLIVEDA International, Inc. Comments on Multi-Million Dollar Revenue Potential For Its Green High-Tech Wearables\n SANTA MONICA, CA -- Jun 13, 2017 -- OLIVEDA International, Inc. (OTC PINK: OLVI), a leading international natural cosmetics innovator, today announced a potential global market for its unique green-tech wearables products of up to 10 million users and potential total-market revenues that reach hundreds of millions of dollars. The wearable market is just one of the revenue streams derived from OLIVEDA's olive tree based products. \n Based on the potential worldwide homeopathy market of over 150 million users, a modest 1%, or 1.5 million people, purchasing OLIVEDA's wearables -- wristbands called \"Olives\" -- would result in potential revenues topping $500 million. Projected wearables revenues are based upon the purchase of additional olive trees, which the company has previously announced its intention to do. \n As highlighted in a recent article in Olive Oil Times, the international publication of record for the sector, olive oil and leaf extract are the main ingredients in the OLIVEDA products. The article describes how, in 2015, company founder and CEO Thomas Lommel launched a high-tech system to connect people \"to the natural energy and therapeutic benefits of mountain olive trees in remote Spanish groves.\" The recent purchase of an additional 198 acres of land in Spain containing approximately 11,000 mature mountain olive trees increased the amount of land in the company's portfolio up to 10 million square feet of olive trees. \n In addition to products derived from olive trees and olive leaves, the trees themselves deliver \"olive tree homeopathy\" by transmitting vibrations in real time from olive trees to the company's wearable Olives. The high-tech bracelets offer comprehensive beauty and stress management based on the principles of the \"Olive Tree Therapy\" and meditation to the sound of the trees a...