Business
$1 Billion Potential Revenue with Green High-Tech Wearables from OLIVEDA International, Inc.
$1 Billion Potential Revenue with Green High-Tech Wearables from OLIVEDA International, Inc..
About this update from Oliveda International, Inc.
[{"type":"text","content":"\n \n \n $1 Billion Potential Revenue with Green High-Tech Wearables from OLIVEDA International, Inc.\n \n \n$1 Billion Potential Revenue with Green High-Tech Wearables from OLIVEDA International, Inc.\n \n SANTA MONICA, CA--(Marketwired - 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 revenues up to $1 billion. 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 2%, or 3 million people, purchasing OLIVEDA's wearables -- wristbands called \"Olives\" -- would result in potential annual revenues topping $1 billion. 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 as well as measuring heartbeat, blood pressure, steps, sun intensity, and calories. Multiple users can be served via a \"Big Olive\" device installed in their home or office.\n OLIVEDA's olive trees also produce extra virgin olive oil which is sold for approximately $48 per liter. The company expec...