Oliveda International, Inc. (OLVI) Files Third Quarter Financial Report Showing 36% Quarter-Over-Quarter Income Growth
SANTA MONICA, CA - (NewMediaWire) - November 06, 2019 - Oliveda International, Inc. (OTC Pink: OLVI), a leading international natural cosmetics and wearable beauty and health technology innovator, has posted its financial report and disclosure statement for the period ended September 30, 2019 showing 36% quarterly income growth over the same quarterly period in 2018. Additionally, the company has already surpassed the total income for the full year 2018 and expects to meet or exceed its projected income increase for 2019 by the end of the calendar year.
The third quarter 2019 financial report and disclosure statement have been posted on the OTC Markets Group website at .
OLVI’s third quarter 2019 income reached $1,218,133, as compared to $893,863 for the third quarter of 2018, an increase of 36%. For the nine months ended September 30, 2019, income was $3,548,982, an increase of almost $1 million over the corresponding nine-month period in 2018, when income was $2,594,908.
The total income for the first three quarters of 2019 has also already exceeded the total income of $3,479,278 for the entire 2018 fiscal year.
Since the end of the 2019 third quarter, OLVI announced the takeover of over 30,000 mountain olive trees and 3 million square meters of land in a nature reserve and the takeover of 1 million shares of Oliveda America, Inc., further increasing potential future shareholder value.
Oliveda International Inc.
Founded in 2003 by German real estate investor Thomas Lommel, Oliveda International, Inc. is a leading international natural cosmetic company in the premium segment. The company has also developed a globally unique wearable beauty and health technology. In addition to online sales and a global branch network of 650 retail stores, the company’s wholly owned Oliveda Deutschland GmbH subsidiary operates flagship stores, Olive Tree Pharmacy, in Berlin and Dusseldorf with plans to open new locations in Los Angeles, Taipei and Seoul. Overall, the company believes that it will be able to operate a total of 60 of its own flagship stores worldwide and increase the retail store network worldwide to 1,200 over the next five years. Through subsidiary operations, Oliveda International is the largest investor in eco-certified mountain olive trees as well as the largest conservationist in Arroyomolinos de Leó, Spain. Further information on Oliveda International can be found at , us.oliveda.com and .
This press release may contain statements, estimates or projections that constitute "forward-looking statements" pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties, which may be found in the Company’s filings with OTC Markets Group Inc., that could cause actual results to differ materially from the Company's historical experience and present expectations or projections. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statements unless otherwise required by law.
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