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PSIQ Reports Record Breaking September 30th, 2018 Nine Month Revenue Increase of 850%
SUNRISE, Fla., Nov. 13, 2018 (GLOBE NEWSWIRE) -- Profile Solutions, Inc. (OTC Pink: PSIQ) announced today that its wholly owned subsidiary, Elite Products International, Inc. (“Elite”), reported revenues for the nine months ending September 30th, 2018 of $636,717 compared to revenues of $74,739 for the nine months ending September 30th, 2017, representing an 850% increase. The financial statement can be viewed in its entirety at https://backend.otcmarkets.com/otcapi/company/financial-report/206270/content.
"Very exciting times at PSIQ (1) Registration Statement filed on Form S-1 with the U.S. Securities and Exchange Commission (SEC) to register securities under the Securities Act of 1933 as the first step to becoming an SEC reporting company and uplisting to the OTCQB, (2) preliminary approval from the eSwatini Ministry of Economic Planning and Development to establish an exclusive growing farm and processing plant for medical CANNABIS & HEMP in The Kingdom of eSwatini f/k/a Swaziland (3) acquired the exclusive brick & mortar distribution rights to Cheech & Chong men’s grooming products with HEMP in the United States and Israel and today’s announcement of growing revenues is the result of executing our business plan to become a market leader in the worldwide CANNABIS & HEMP marketplace,” stated Dan Oran, Chief Executive Officer of PSIQ.
About Profile Solutions
Profile Solutions, Inc., through its subsidiary Elite Products International, Inc., is a leading distributor and manufacturer in the cannabinoid (CBD) industry. The Company's products contain cutting-edge CBD industrial hemp extracts in the form of edibles, creams, oils and salves. Financial information can be found at https://www.otcmarkets.com/stock/PSIQ/profile. Please visit the company website at www.profilesolutionsinc.com, Facebook at https://www.facebook.com/EliteProductsINTL/, Instagram https://www.instagram.com/elite_hemp/, Linkedin at https://www.linkedin.com/in/elite-hemp-products-3a863914a/, Twitter at https://twitter.com/EliteHemp_Intl and Blog: https://www.elitehempproducts.com/blog.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For information, please contact:
Dan Oran, President
Profile Solutions, Inc.
8411 West Oakland Park Blvd.
Sunrise, FL 33351