SACRAMENTO, Calif., Aug. 11, 2020 (GLOBE NEWSWIRE) -- Sunstock, Inc. (OTC PINK: SSOK) announced that Company CEO Jason Chang recently stated, "Between July, 10th, 2020 and to August 10th, 2020, the price of the silver was up over 55% and the price of gold has been up over 13% over the last 30 days.” Jason Cong continued, “ As the price of the metals continues to rise we realize our customers are acquiring more. Furthermore, at the same time, people are selling more. We feel as though if the price of silver stays above $30 per OZ the company will continue to see higher revenue and a higher profit margin."
Back in 2011 the high for gold was around $2,000 per OZ and silver was around $50 per OZ. If silver continues to go up like we expect, there is a very good chance the Company can easily double the revenue this year compare to 2019.
About Sunstock, Inc.:
Sunstock, Inc. (OTC PINK: SSOK) is involved in the distribution of precious metals, primarily gold. The Company pursues a “ground to coin” strategy, whereby uses its wholesale and retail channels to sell these precious metals primarily through their own branded coins.
Forward-Looking Statements
In addition to historical information, this press release may contain statements that constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company's future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company's business units or the market price of its common stock. Additional factors that could cause actual results to differ materially from those contemplated within this press release can also be found on the Company's website. The Company disclaims any responsibility to update any forward-looking statements.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause
Contact:
Mr. Jason Chang, CEO
enquiry@sunstockinc.com
916-860-9622
www.sunstockinc.com
Source: Sunstock, Inc.