New legal representation is part of company’s ongoing efforts to increase financial disclosure and transparency for investors
SANTA MONICA, CA, Sept. 18, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Oliveda International, Inc. (OTC Pink: OLVI), a leading international natural cosmetics innovator whose products deliver higher efficiency than other brands, today announced that the company has retained Kirton McConkie PC to serve as general corporate and securities law counsel. Oliveda International recently announced plans to improve its disclosure to investors by filing its quarterly and annual financial reports with the Securities and Exchange Commission. Assisting in the process of becoming an SEC reporting company is expected to be a specific focus of Kirton McConkie’s work on behalf of Oliveda International.
A 150 attorney, full-service law firm with offices in Salt Lake City and Utah County, Utah, Kirton McConkie’s securities work includes private placements, regulatory matters, registration statements, and public reporting.
Oliveda International’s preparations to become an SEC reporting company also include completion of an audit of the company’s year-end financial statements for 2017 and reviews of the financial statements for the first and second quarters of 2018. The report for the current quarter, which ends on September 30, 2018, will be due on or before November 14, 2018.
“We are extremely pleased to have secured the services of Kirton McConkie to assist in providing a higher level of public disclosure for Oliveda International shareholders,” said Chairman and CEO Thomas Lommel. “We believe that proper disclosure is critical as we prepare to expand into the United States and additional overseas markets.”
Oliveda International’s recently completed annual and quarterly financials reflect revenues generated from the operation of the company’s wholly-owned subsidiary, Oliveda Deutschland GmbH, which sells its products through various distribution channels, both online and brick-and-mortar, including its own corporately-owned stores.
Oliveda Deutschland’s current retail presence includes just 3 countries: Germany, Austria, and Switzerland. Additional Oliveda subsidiaries are planned for Europe, Asia, North America, and South America, which are expected to become part of the global Oliveda International footprint. Oliveda’s expansion strategy includes plans to open 60 worldwide stores the coming years.
The Oliveda story began with healing and the development of its first products in a tree house in the Andalusia region of Spain. Its products immediately captured the attention of those who were introduced to them. Now, with over 20 years of manufacturing and distribution of cosmetic and holistic products built around the pure essence of the olive tree and its oils, Oliveda Deutschland offers a complete line of products that includes face, body, hair, and products for inside-the-body holistic benefits.
Oliveda possesses 20 years of experience with organic, active substance cosmetics from the olive tree but has only been selling its products for eight years. Before that, the company developed, tested and applied the products in our exclusive Oliveda Spa in Mallorca. Then, when the first celebrities visited Oliveda’s spas and used the olive tree therapy, and Vogue and many other magazines reported on the uniqueness of Oliveda products, the company began serving markets in Germany, Austria, and Switzerland. Only now that Oliveda has secured the resources with more than 30,000 ecologically certified mountain olive trees does management feel ready to implement its business plan to grow to be able to act globally.
Additional information on the company’s current activities and future plans are expected to be disclosed in upcoming press release and filings. Interested investors are encouraged to contact the company at 619-202-7456 or investors@oliveda.com.
Oliveda International Inc.
Oliveda International, Inc. is a leading international natural cosmetic and wearable technology company founded by German real estate investor Thomas Lommel in 2003. In addition to online sales, the company’s Olive Tree Pharmacy store concept currently operates in Berlin and Dusseldorf, with stores in Los Angeles and Taipei expected to open by the end of 2018. Overall, the company believes it is positioned to operate 60 stores around the world within the next 5 years. For more information on Oliveda International, please visit http://www.oliveda.com.
Forward-Looking Statements
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