KELSEYVILLE, CA., May 15, 2018 (GLOBE NEWSWIRE) -- Vet Online Supply, Inc. (OTC PINK:VTNL) (the Company), announces today that the company has filed its financial statements for the first quarter ending March 31, 2018.
Daniel Rushford, CEO and Chairman, stated “The Company has secured over $9M in purchase orders for 2018, with expected projected revenue of $1.5M for Q2 of 2018. We manufacture holistic certified CBD pet products that include treats, liquid drops, and concentrated oral sprays. With our first wholesale distribution contract and continued growing online retail sales, we expect to focus on paying down our debt while implementing anti-dilution programs, inclusive of the repurchase of shares and a severe reduction of the authorized/issued-outstanding shares.”
Mr. Rutherford further stated, “Vet Online Supply continues to grow, and we are in a transitional period whereas we are complying with debt reserves for our note holders and preparing to reduce the authorized shares as well as the issued and outstanding shares. We anticipate reducing our notes in Q2 while at the same time repurchasing shares by utilizing our own revenue resources.”
https://vetonlinesupplies.com/wp-content/uploads/2018/03/VTNL-Fact-Sheet-3-25-2018.pdf
ABOUT VET ONLINE SUPPLY:
Vet Online Supply Inc. The company manufactures its own brand of holistic pet products to promote health and well being. The goal of "Vet Online Supply" is to provide the $38B industry with value priced, superior quality holistic pet products.
Safe Harbor for Forward-Looking Statements: This news release includes forward-looking statements. While these statements are made to convey to the public the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Whereas management believes such representations to be true and accurate based on information and data available to the company at this time, actual results may differ materially from those described. The Company's operations and business prospects are always subject to risk and uncertainties. Important factors that may cause actual results to differ are and will be set forth in the company's periodic filings with the U.S. Securities and Exchange Commission.