MOUNT PLEASANT, Utah, April 9, 2015 (GLOBE NEWSWIRE) -- Green PolkaDot Box Incorporated (OTC:GPDB) America's premier online membership club for wholesale priced organic and non-GMO natural foods announced today that the company has posted a letter to investors at OTCMarkets.com. The shareholder update was also mailed to each investor, to disclose the Company's current state of progress relevant to its Health Merchant plan and development of the Appethyl® campaign. The letter also contains forward-looking statements about anticipated accomplishments in 2015, along with financial updates relative to the Company's preparations for becoming fully reporting and plans for public financing.
Highlights of the letter include financial report updates that Q1 sales in 2015 were up to $711,840 compared to the previous quarter ending 2014 at $376,843; an increase of 88%.
Also included in the letter are statements updating status and plans related to audit work, Phase I development of Living Produce and the addition of a second distribution center in eastern Tennessee.
Rod Smith, CEO, explains in the shareholder letter the status of the Health Merchant program pending launch, also citing, "Most importantly, the successes of both the Health Merchant program and Appethyl signal the potential for increasing revenues in the months ahead."
Regarding Appethyl sales, Smith notes: "Our partnership with Digital Target Marketing (DTM) for Internet sales commences this week. And, production for our national TV campaign is scheduled to be completed and wrap in mid-May; meaning that we plan to commence short and long-form advertising in early June."
An audio presentation The Big Picture (MP3, 14mb) is referenced in the letter. It is a more comprehensive verbal presentation, given by GPDB CEO Rod Smith, providing overview of the company's plans—in connection with the Health Merchant program--for vertical integration into areas of essential food production, including Living Produce®.
For Shareholder update
http://www.otcmarkets.com/financialReportViewer?symbol=GPDB&id=135564
About Green PolkaDot Box (OTC:GPDB) America's premier online buying collective for organic and non-GMO natural foods at wholesale pricing. The Company leverages proprietary technology and products with its dynamic, interactive website and member relationship management software to provide a unique shopping and membership experience. For more information on Green PolkaDot Box, please visit: www.greenpolkadotbox.com.
Safe Harbor Statement
This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GPDB or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates," "Plans" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.