Forevergreen World (OTC:FVRG)

PLEASANT GROVE, Utah, Dec. 10, 2014 /PRNewswire/ -- ForeverGreen Worldwide Corporation (FVRG), a leading direct marketing company and provider of health-centered products, today announced 2015 guidance. 

"During 2014, we saw a significant jump in revenue and acceptance of our products worldwide. We needed to raise our guidance several times, and we hit nearly all our corporate goals. Next year, we expect our sales growth trends to continue. Our revenue should be in excess of $90 million. We are continuing to see a positive impact on our business from our investment in IT, logistics, inventory and management. We expect operating and net margins to increase as we benefit from economies of scale, pricing leverage and sales growing faster than fixed expenses. For the full year, we anticipate net margins of 4-6%," said Jack Eldridge, CFO.

Mr. Eldridge continued, "During the current year, we concentrated on driving growth and educating the marketplace about our exciting product line. For 2015, we look to find a balance between further acceleration of sales and maximizing cash flow and profitability. We will continue to keep shareholders updated on our goals and targets for 2015."

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips, SolarStrips and BeautyStrips. They also offer Azul and FrequenSea(TM), whole-food beverages with industry exclusive marine phytoplankton, the Versativa line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, TRUessence(TM) Essential Oils and Apothecary, 24Karat Chocolate(R) and an entire catalog of meals, snacks, household cleaners and personal care products.

PLEASANT GROVE, Utah, Dec. 5, 2014 (GLOBE NEWSWIRE) -- via PRWEB - ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, announced today that November 2014 revenue exceeded November 2013 sales by more than 190%.

"Last year the company saw a decline in sales from October to November. We are pleased to report November 2014 revenues stayed consistent with last month, again exceeding $5.8 million. The company remains on track to report a new record in quarterly sales and expects to finish the year within the guidelines of the most recent guidance of $56-60 million. We have had a tremendous year of growth and expect to see that growth continue during 2015. We expect to issue 2015 guidance shortly, but preliminary projections are indicating revenue growth for next year to exceed 50%. Along with the growth in number of new members and new logistical delivery solutions, as well as new products, we believe ForeverGreen will continue to have a positive impact all over the world," said Jack Eldridge, CFO.

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips, SolarStrips and BeautyStrips. They also offer Azul and FrequenSea(TM), whole-food beverages with industry exclusive marine phytoplankton, the Versativa line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, TRUessence(TM) Essential Oils and Apothecary, 24Karat Chocolate(R) and an entire catalog of meals, snacks, household cleaners and personal care products.

PLEASANT GROVE, Utah, Dec. 3, 2014 (GLOBE NEWSWIRE) -- via PRWEB - ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading direct marketing company and provider of health-centered products, today announced a number of ForeverGreen's management team members traveled to India in November to meet with top leaders and accelerate business in the region. Among ForeverGreen's leadership were Jack Eldridge, CFO; Joe Jensen, Vice President of Sales; and Bob Mower Steed, President Asia Pacific.

On the first day of the visit, ForeverGreen hosted a fly-in event at the ForeverGreen India's office in Ahmedbad. Over 350 members attended as well as a number of high profile leaders from other direct marketing companies.

The next few days were dedicated to the Nirankari Wellness Mission event in India's capital, Delhi. The charitable event is a bi-annual gathering where close to two million people can access free medical care, thousands can eat at an open-air soup kitchen and all can gather to hear Baba Ji, the spiritual leader of one of the largest sects in India.

"We partnered with Life Chiropractic College, The International Association of Chiropractors and the Indian Association of Chiropractors to provide pain relief to the masses through chiropractic adjustments and the application of PowerStrips by chiropractors to several thousand patients over the three days of treatment at the event," said Mr. Jensen.

During the event, ForeverGreen was also able to connect with a number of government officials and heads of large medical associations in India, including the President of the Indian Association of Physical Therapists; the President of the largest dental association in India; the President of the Indian Yoga Association, who is also a published Harvard researcher working in conjunction with traditional medical professionals in India to improve recovery outcomes.

The trip concluded with a full-day conference with the Indian Association of Physical Therapists at the AIIMS College and Hospital. ForeverGreen had the opportunity to present PowerStrips and how to create a business model incorporating the product to an audience of 250 physical therapists.

Moving forward, ForeverGreen plans to continue enhancing its business strategy through new-found partnerships, training calls, public events and even greater logistical and operational support from the India office.

India is among the fastest growing countries, measured by revenue growth, for ForeverGreen. The company expects India to become one of its largest overall markets during 2015. The direct marketing industry has been growing at 10% in India, but it is expected to grow at a scorching pace over the next few years.

According to Rajandeep Singh, Manager, Strategy & Operations, Management Consulting, KPMG, "The direct selling industry will see fast growth in India in the next ten years."

"The industry will grow from Rs7200 crore (about $1.16 billion) to Rs64000 crores (about $10.29 billion) by 2025," said Mr. Singh at a FICCI Roundtable on the direct selling industry. According to Mr. Singh, a burgeoning middle class in India and growing working age population in the coming years could boost direct selling industry, and the number of direct sellers in the country could go up from six million at present to 18 million by 2025.

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offerings, PowerStrips, SolarStrips and BeautyStrips. They also offer Azul and FrequenSea(TM), whole-food beverages with industry exclusive marine phytoplankton, the Versativa line of hemp-based whole-food products, immune support and weight management products, Pulse-8 powdered L-arginine formula, TRUessence(TM) Essential Oils and Apothecary, 24Karat Chocolate(R) and an entire catalog of meals, snacks, household cleaners and personal care products.

OREM, Utah, June 5, 2014 (GLOBE NEWSWIRE) -- via PRWEB - ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading provider of nutritional foods and other healthy products, announced today that May 2014 revenue exceeded May 2013 sales by more than 250%.

"During May 2014, we had another record sales month, and our 2014 revenues have now exceeded our 2013 revenue performance. We remain on track to meet or exceed our previously announced revenue guidance of $13 - $15 million. While many other companies experience a downtrend in sales during the summer months, we expect to continue to grow our revenues for the summer and the remainder of 2014. Our leading indicators suggest continued growth for the foreseeable future," said Jack Eldridge, CFO. We are seeing the positive impact on the business from our investments in IT, logistics, inventory and management."

Fourth Quarter 2013 Results

• Sales increased to $6,261,517 from $2,793,385 in the same quarter 2012, an increase of 124.2%.
• EPS for Q4 2013 was $0.00 compared to loss of $0.03 during Q4 2012.

“We experienced a 41.2% increase in revenues in 2013 over 2012 from better than expected fourth quarter revenues. We recognize revenue upon shipment of a sales order. As of December 31, 2013, the Company had deferred revenue of $405,841. Gross profits increased due to increased revenues and reducing our two largest cost of sales expenses, product costs and shipping as we were able to optimize pricing with our key vendors. Cost of sales consists primarily of the cost of procuring and packaging products, and the cost of shipping product to our international subsidiaries and warehouses and to our members, plus credit card sales processing fees. Cost of sales was approximately 26.7% of revenues for 2013 compared to 33.3% of revenues for 2012. The 2013 decrease is primarily due to decreasing our product and shipping costs.”

“Our total assets increased to $2,699,520 at December 31, 2013 compared to $1,393,575 at December 31, 2012. The increase is primarily due to an increase in inventory, purchase of fixed assets, and cash and cash equivalents. Total liabilities increased due to an increase of accrued expenses of $853,424, deferred revenue increasing by $292,756, accounts payable decreasing by $348,798, decrease in notes payable of $199,993, paying off related party payables of $132,808, paying down our line credit to a zero balance, and bank overdraft decreasing by $25,050.”

“There were some non-recurring one-time costs that occurred during the quarter due to infrastructure improvement for IT and inventory improvement that will help allow us to grow at over 100% during 2014 without similar percentage increases in our expenses. We anticipate record revenue of over $8 million for Q1 2014,” reported Jack Eldridge, CFO.

“Since the pre-launch of FGXpress in January 2013, we have continued to exceed our growth goals. During 2014 our sales should increase to in excess of $40 million. The company is reviewing the cost structure and has implemented cost savings measures that have begun to reduce overhead including salaries. We have introduced our own in house logistic, sales and member software system that will reduce computer costs going forward. New products have been and will continue to be introduced to bolster sales, and management continues to make improvements to the marketing plan to enhance the success that is developed. We look forward to accelerated growth moving forward with all earnings, profit and cash metrics continuing to improve,” stated Ron Williams, CEO.

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading provider of nutritional foods and other healthy products, announced today that February 2014 revenue exceeded February 2013 performance by more than 300%.

“What these numbers show is that ForeverGreen is sustaining momentum,” said Jack Eldridge, CFO. “The growth we’re experiencing is the combined result of a steady rise in the raw number of active members. Our pace continues to accelerate from month to month over last year’s figures and we’re taking decisive steps to ensure that this growth is sustainable through 2014 and beyond. These include key hires, infrastructure expansion and ongoing systems enhancements, to name a few.”

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia and South America, including their new global offering, PowerStrips. They also offer Azul and FrequenSea™ whole-food beverages with industry exclusive Marine Phytoplankton, the Versativa line of hemp-based whole-food products, Immune Support, Weight management products, Pulse-8 powdered L-arginine formula, TRUessence™ Essential Oils and Apothecary, 24Karat Chocolate®, and an entire catalog of meals, snacks, household cleaners and personal care products. www.forevergreen.org

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading provider of nutritional foods and other healthy products, announced today that January 2014 revenue exceeded January 2013 performance by more than 160%.

“Period on period, we’re seeing a consistent pattern of growth over last year’s performance,” said Jack Eldridge, CFO. “What’s significant from a shareholder perspective is that in addition to volume growth, it’s happening at an accelerated pace. With our ongoing strategic enhancements to facilities, staff and IT infrastructure, we have the structural fundamentals in place to accommodate this anticipated growth all the way through 2014.”

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (OTCBB: FVRG), a leading provider of nutritional foods and other healthy products, announced today that revenue for 2013 met expectations for previously announced targets of $16 - $18 Million.

“While final numbers are still being confirmed, revenue is in the top end of our growth goal for the year,” said Jack Eldridge, CFO. “What should be most exciting to shareholders is that in addition to revenue growth each quarter, the rate of growth continued to accelerate throughout the year. This trend is continuing into 2014 and we expect that Q1 2014 revenue will be more than double the revenue for Q1 2013. The excitement surrounding our products, message and leadership is at an all- time high. We look forward to introducing new products during the year and continuing to grow our distribution channels.”

Third Quarter 2013 Financial Results

• Sales increased to $4,793,782 from $3,060,736 for Q3 2012, a 56.6% increase
• Net Income for the quarter was $326,929 or $0.02 EPS versus a net loss of $107,585 or $0.01 EPS loss during the comparable period during 2012

"Since the pre-launch of FGXpress in January 2013, we have exceeded our original FGXpress growth goal by 27%. The Company operating expenses increased only 21.1%, showing that our business model is very scalable. With a strong third quarter and continued increasing sales for October and November, the Company feels confident that we are still on track to meet or exceed our sales forecast for 2013 of 30-35% growth with strong profitability. During 2014 our sales should increase to in excess of $30 million. We look forward to accelerated growth moving forward with all earnings, profit and cash metrics continuing to improve. I look forward to sharing recent progress on the conference call," stated Ron Williams, CEO.

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and healthy products, today announced that the company achieved record sales during October 2013.

“While we expect to announce Q3 2013 earnings next week, the growth has accelerated in October. Our sales, just for the month, were equivalent to our sales for the entire first quarter and were approximately 145% higher than October 2012. The Company is over 20% ahead of September 2013 sales. Just as importantly, we have already exceeded our yearly goal for sales of FGXpress. The Company’s target, as announced previously, was $6 million in sales for FGXpress for 2013. The company has already achieved approximately $7.5 million through October sales and now the company anticipates between $9-$10 million for the year. During the first half of 2013 we reported $6.7 million in sales. The Company expects to surpass previously announced revenue guidance of $16-$18 million for 2013. The Company is now planning a shareholder’s call to further discuss the exciting progress, specific growth trends and future expectations on our quarterly earnings. This call will be announced in the near future,” said Jack Eldridge, CFO.

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural whole foods and products to North America, Australia, Europe, Asia, South America and Africa. Offerings include their new global offering, PowerStrips. Additionally, they offer Azul and FrequenSea™ whole-food beverages with industry exclusive Marine Phytoplankton, Versativa line of hemp-based whole-food products, A.I.M. Transfer Factor immune support, 03World™ weight management products, Pulse-8 powdered L-arginine formula, TRUessence™ Essential Oils and Apothecary, 24Karat Chocolate®, and an entire catalog of meals, snacks, household cleaners and personal care products

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and other healthy products, today announced that sales are continuing to grow. Sales for Q2 2013 increased to in excess of $3.8 million compared to $3.1 million during Q2 2012 and $2.7 million during Q1 2013.

Ron Williams, CEO, explained, “We are seeing more interest in our products from more areas of the world than ever before. We are quite confident that you will see sales continue to trend substantially higher in the coming quarters and we are very comfortable with our yearly forecast of 30-35% growth. More importantly, based on feedback from our customers and our leaders, we remain confident that we can grow our monthly revenues 4-5 times larger than current over the next 12 to 18 months.”

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and other healthy products, today announced the company had received FDA listing as a Class 1 Medical device useful as a pain relief product.

Allen Davis, General Counsel, stated, “ForeverGreen, in cooperation with the manufacturer of its PowerStrips product, has completed the tedious, time consuming and expensive process of listing PowerStrips on the FDA medical device list. As a listed Class 1 medical device, the FGX PowerStrips are unique. By focusing heat and energy to the areas where they are applied, PowerStrips can bring relief of pain and discomfort. This is a major differentiator between our PowerStrip patch and nearly all others on the market. This is easily one of the larger milestones we have achieved at ForeverGreen.”

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and other healthy products, today announced that sales of the FG Xpress product PowerStrips grew 204% during Q2 2013. During the first half of the year sales for FG Xpress were approximately $2.4 million.

Ron Williams, CEO, explained, “We are pleased that our higher margin products now account for about half of our overall sales. Originally, we forecasted $6 million in sales from FG Xpress for 2013. We are currently tracking nearly 50% ahead of our internal expectations necessary to achieve this sales goal. With an almost limitless number of countries in which we can do business and the repeat customer buying of these products we are experiencing, the pace of this growth should not only continue but accelerate. When linked to some of the other trends and milestones that were recently achieved we remain committed to large sales growth in the coming quarters. It took us over a decade to achieve our first $250 million in sales. We are confident that we will achieve this during the next 3-4 years. More importantly, we will do it with a high level of profitability.”

OREM, Utah--(BUSINESS WIRE)--ForeverGreen Worldwide Corporation (FVRG), a leading provider of nutritional foods and other healthy products, today announced that it has successfully launched and is receiving customer sales in 116 countries worldwide, up from 17 in 2012. Nearly half of these countries were added during Q2 2013. In addition to this growth, the company is increasing its first time customer growth at a historic rate. New customer growth, since the pre-launch of FG Xpress in late November 2012, is up an average of 54% monthly. The company currently is experiencing over 2,000 new customers per month and expects this number to continue to escalate.

Ron Williams, CEO, explained, “Earlier this year we suggested that we anticipated doing business in over 100 countries by mid-summer. Obviously we are ahead of this pace and are very excited about our future prospects. Growth in countries which we had previously done business remains strong, especially in the U.S., Canada, Brazil and Korea. However, some of the newer countries we are doing business in are driving the 20-30% monthly revenue growth we are experiencing. Rapid growth in newer markets such as France, Spain and some Asian Rim countries are helping drive profitability. We remain ahead of our pace to meet our previously announced revenue guidance of $16-$18 million in sales for 2013 and $7-$9 million in monthly revenue during 2014. Our ability to rapidly increase sales on a product line which appears to have no border limitations suggests that growth trends will continue for at least the next several quarters.”