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Advantis Corp Reports 30% Revenue Rise, Set to Increase Oregon Production by 50%
NEWPORT BEACH, CA, Sept. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Advantis Corporation (OTC PINK: ADVT) recently released the second quarter financials, posting a thirty percent rise in revenue. The report was filed just a week after company CEO, Darren Cherry, announced the earnings would be, “more than 20%.” Today, Cherry announced ongoing agreements and projects will continue to propel the quarter over quarter gains for Advantis, who just posted its second consecutive quarterly net profit.
“No doubt we are in a rapid expansion phase,” Cherry said. “We are in the process of delivering the faster, more productive canning machine to Oregon, thanks to overwhelming demand for the packaging solution. We are working to ramp up production in Nevada. We are in the heart of the market boom right now.” Advantis is replacing the single use machine in Oregon with the larger, faster, and more productive apparatus which will allow them to increase production over fifty percent. “We will soon be able to have an equal amount of production in all three states,” Cherry claimed. “Having our footprint firmly settled in the West at this point of industry growth is right where we want to be. Consistent growth with several synergies that will further fuel our already rapid expansion.”
Advantis has been utilizing its resources wisely as expands its product line, partnerships, and operational efficiencies. “Demand for these new see-through cans are much better than expected, and they allow us to fill a demand we were not able to benefit from before. Our existing partnerships are expanding and providing several opportunities for synergy... revenue growth for all involved. Our Pet Division is on track, new machinery is on deck for Nevada, and we’re getting ready to finalize our deal on the sublingual tabs,” Cherry explained. “We’re also about ready to move on the Orange County location.” Cherry alluded to completing negotiations and permits for the Orange County property. According to Cherry, plans, permits, and negotiations are in the final phase. “Things will begin accelerating more rapidly when we get in there,” Cherry concluded.
Advantis wishes to thank Investors Hangout for mentioning the company in their podcast.
Links to Advantis websites can be found at advantiscorp.com, rosin6.com, elixicure.com, and amstercan.com
About Advantis Corporation
Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes partnerships with businesses that develop and sell proprietary pain management, and consumer products and services.
Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward- looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.
CONTACT: For further information, contact: Media Relations Contact Name: Woo Kim, Director Organization: Advantis Corporation Phone: 949-354-3585 Address: 1048 Irvine Ave. #900 Newport Beach, CA 92660 E-mail: email@example.com