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Greene Concepts' President & CEO Announces Significant Progress Toward the Company's Long-Term Financial Goals

  • Written by Newsfile

Marion, North Carolina--(Newsfile Corp. - January 22, 2021) - Greene Concepts Inc. (OTC Pink: INKW) is pleased to present significant end-of-year accomplishments for the year 2020 and major developments for substantial long-term growth in 2021.

REPORT TO OUR SHAREHOLDERS:

Despite 2020 being an incredibly challenging year for the country economically due to the COVID-19 pandemic, Greene Concepts was able to grow during this time frame following the successful launch of our bottling plant this past spring. I am pleased with the progress we achieved in executing on our strategic priorities. We have set a clear and bold path for Greene Concepts to be a premier provider of both bottled and industrial water supply. Furthermore, our water, sourced from the Blue Ridge Mountains of North Carolina, offers consumers one of the smoothest and best tasting water brands on the market.

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FINANCIAL HIGHLIGHTS

We made significant progress toward our long-term financial goals in 2020. Our sales volume over the last quarter alone totaled 34% higher than the entire FY 2019 revenues and over 3,000% higher than the same quarterly period in 2019. Besides our increase in sales, the box below highlights our increase in assets and net income over the past FY.

Quarterly Report For Period Ending October 31, 2020[2]. Sales for the quarter equal $101,022 vs. $3,249 for the same period in 2019. Total Assets for the quarter equals $4,380,881 versus $3,250,900 for the same period in 2019. Also, for the same period, the company earned a net income of $39,890 versus net loss of -$125,559 for the same quarter in 2019.

Annual Report For the Twelve Months July 31, 2019 - July 31, 2020[3]. Sales during the company's previous FY equaled $67,127.

ACCOMPLISHMENTS

We achieved numerous accomplishments in 2020 to include:

  1. Launching our production plant in March 2020 following 16 months of plant restoration (up to 192 million bottle capacity '8 million cases' with current equipment) with room for additional capacity. This launch coincided with the national COVID-19 pandemic.
  1. Purchasing of the land surrounding the bottling plant to include seven production wells for unlimited water resource production capacity to include bottling and industrial water provision.
  1. Finalizing an agreement with the U.S. government as a government vendor through the Defense Logistics Agency (DLA) and System for Award Management (SAM). Additionally, we received approval as a vendor through the Federal Emergency Management Agency (FEMA) to provide products during national emergencies.
  1. Started our U.S. Veteran Distributorship Program to create distributorship sales and income opportunities for Veterans around the country.
  1. Creating our new Be Water brand along with placement approval on Amazon.com plus two new labels for placement in the rising $53 Billion Chinese market. Started negotiations to sell Be Water in India.
  1. Securing an agreement with SoluScience to create the new Happy Mellow beverage enhancer which will soon be selling on Amazon and at the Subscribe and Save Water Club Subsidiary.
  1. Partnering with New World Health and Wellness to proliferate company sales in the CBD industry and offer healthier solutions to the public which will soon be selling on Amazon.

Lenny Greene, CEO of Greene Concepts highlights, "I am confident Greene Concepts is on the right track to achieve its goals and am encouraged by the progress we are making as a company. The global bottled water market[4] is expected to reach $350 billion by next year and $410 billion by 2024 and we are ready to carve out a nice piece of that market."

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Be Water - Be Strong

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Lenny Greene, CEO of Greene Concepts continues, "There are many reasons for optimism in 2021. As we increase our partnerships and distribution channels this will lead to profitable growth through increased sales penetration to convenience stores, retailers, and small businesses. We are poised to begin our new Water Club Subscribe and Save service where consumers may receive a continuous supply of our bottled Be Water, Happy Mellow and our newest Hemp Retinol products along with Hemp roll-on's and Creams shipped directly to their front door."

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Be Water - Be Mindful

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Lenny Greene, CEO of Greene Concepts further states, "I thank you, our 5,000 shareholders, for your continued support. We are proud of our progress in 2020 and excited about what the future holds for Greene Concepts (INKW) and our Shareholders in 2021."

About Greene Concepts, Inc., Mammoth Ventures, Inc. and Water Club, Inc.

Greene Concepts, Inc. (http://www.greeneconcepts.com[7]) is a publicly traded company. Through its recently acquired wholly owned subsidiary, Mammoth Ventures Inc., the Company has entered the specialty beverage and bottling business and is an emerging leader in the global scientifically formulated beverage industry. Through its subsidiary Water Club, Inc. we intend to pursue subscription-based delivery of water and scientifically formulated beverages directly to the consumers home and market the convenience of this service thru social media affiliate marketing partners.

Safe Harbor: This Press Release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the company's current plans and expectations, as well as future results of operations and financial condition. A more extensive listing of risks and factors that may affect the company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission and OTC Markets, Inc. OTC Disclosure and News Service. The company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:

Greene Concepts, Inc.Investor Relationsinfo@inkway.com[8]

Lenny Greenelenny@greeneconcepts.com[9]559-434-1000

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