FVRG ForeverGreen Utilizing Net Income to Expand Operations

ForeverGreen Utilizing Net Income to Expand OperationsBusiness Wire "US Press Releases "
OREM, Utah--(BUSINESS WIRE)--
ForeverGreen Worldwide Corporation, (OTCBB:FVRG) a manufacturer and distributor of all natural whole foods, today announced the company achieved a third consecutive quarter of positive net income which is fueling its international expansion.
Since the merger of Whole Living and ForeverGreen International during the first quarter of this year, the new management team has set an ambitious goal of rapidly expanding their international presence in several new countries by the end of 2007. Just three quarters later, ForeverGreen has accomplished this challenge by forging new operations or expanding existing models in several new countries, while continuing to report increased or positive net income. Forevergreen now has operations in the U.S., Canada, Mexico, U.K., Germany, Netherlands, Australia, New Zealand, Singapore, and Japan.
The majority of these markets are in the early stages of development, which presents a strong growth catalyst for the company's future. Fiscal results from the third quarter continue to show the company's financial stability with revenues of $5,672,969, and positive net earnings of $83,613. Through the first nine months of 2007, revenues totaled $17,295,833 with net income of $246,738, compared to the consolidated figures of 2006, with gross revenues of $15,669,084 with a net loss ($857,713). This impressive revenue increase of over $1.6 million and bottom line improvement of over $1.1 million shows the company's commitment to both growth and profitability.
In addition to ForeverGreen's international efforts, the company launched a successful marketing campaign in its domestic market. This provided increased incentives and bonuses to distributors that achieved additional rank and volume goals. As a result of this promotion, August sales were very good in an industry that typically shows decreased sales in the summer months.
"ForeverGreen is well poised to reap the rewards of our efforts to expand internationally," stated CEO Ron Williams. "In the past few weeks Mexico and Australia have come online with the new business model and will begin to impact our financial performance in this fourth quarter. As a result of investing in these markets, our net income dipped down from the previous quarter but the investments into our growth strategies will pay dividends moving forward. I am very pleased with the current position of the company and I am willing to continue investing in our long term growth strategies." www.forevergreen.org
Forward Looking Statements
This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The Company's actual results could differ materially from expected results.
Source: ForeverGreen Worldwide Corporation