Glucose Health, Inc. 2019 SIX MONTH FISCAL UPDATE - Revenue Up, Gross Profit Up; Liabilities Down.
29 August 2019 - 6:00AM
InvestorsHub NewsWire
Glucose
Health, Inc. 2019 SIX MONTH FISCAL UPDATE - Revenue Up, Gross
Profit Up; Liabilities Down.
BENTONVILLE, AR --
August 28, 2019 -- InvestorsHub NewsWire
-- Glucose
Health, Inc. (OTC:
"GLUC")
confirms
the
following selected financial data for the
period
ended
June
30, 2019,
posted
today
at OTCMarkets.com.
1)
Revenue of
$135,489
at June
30, 2019,
compared
with $107,160
for
the same
period in 2018;
a
26%
increase.
2)
Gross
Profit of
$52,725
at June
30, 2019, compared with
$45,907
for the
same period in 2018;
a 15%
increase.
3)
2019
Total
Liabilities
of
$425,601 at June 30,
2019, compared with $559,995 at June 30,
2018; a
24%
decrease.
Murray
Fleming, CEO of Glucose Health, Inc., stated, "in-store
sales
of GLUCODOWN®
Diabetic
Friendly Formula Tea Mix (Peach) at our most
important retailer
partner,
Walmart,
are
up 34.9%
year-to-date
vs.
2018. Walmart's
purchase
orders
began
accelerating in Q1
2019, reflecting
increased consumer demand for our new Peach
flavor. By
Q2
2019, our
Peach
inventory
was substantially
depleted
and our
shipments
of GLUCODOWN® did
not
keep pace
with Walmart's purchase orders. As previously
announced by press release, on May 14, 2019, we
placed
large
raw
materials
orders to boost
production and
thereby
substantially
increase on-hand inventory. This
new
production
of
GLUCODOWN®
inventory will
begin
delivering mid-September.
We fully expect our delivery performance at both Walmart and
Amazon (see below)
will
substantially improve."
Glucose
Health, Inc. has five
strategic
goals to further
accelerate
and
increase revenues for the
remainder of fiscal 2019 and into fiscal
2020:
1)
Amazon.
GLUCODOWN®
first
listed on Amazon Q4 2018. By
the end of Q1 2019, virtually all GLUCODOWN® inventory
allocated
to
Amazon, sold-out.
Based
upon these
initial
two quarters of sales performance
(Q4 2018
and Q1 2019), Amazon will be
our
single most profitable
retailer/distributor of
GLUCODOWN®.
2)
New
Retailers. We are in active
pursuit of shelf space at
larger
(150+ stores) supermarket pharmacy retailers to increase
distribution of the three
flavors
of
GLUCODOWN Diabetic Friendly Formula Tea Mix not currently
on the
shelf at Walmart (Lemon, Raspberry and
Super Berry).
3)
Walmart.
Increase
the
number of Walmart locations stocking GLUCODOWN® to include
remaining
Walmart
Superstore
pharmacies plus
the
Neighborhood Market
and Discount Store formats.
4)
New
Products. Introduce
GLUCODOWN®
"On-the-Go" single serve stick packs for all four tea
mix
flavors.
Introduce
GLUCODOWN® Instant
Coffee.
5)
Inventory.
Maintain greater
inventory
to
consistently
meet
retailer
partner
targets.
GLUCODOWN®
offers
consumers
an
unbeatable combination of benefits in the adult
nutrition/diabetic supplies category.
- Nutrition:
The
GLUCODOWN®
formula
includes
a
unique
form
of 100% soluble
fiber which,
77
clinical studies1
indicate,
may
be associated
with beneficial
impacts on
blood
glucose,
triglycerides, cholesterol and
digestive
health.
- Holistic: The
GLUCODOWN®
formula
includes Banaba
leaf;
a plant
native to India,
where
in Ayurvedic
medicine, it is
considered remedy
for
diabetes.
The
blood
sugar lowering effects of Banaba
have been attributed in scientific
research, to
corosolic acid, a substance
naturally
present
in
the
Banaba
leaf.2
- Value: GLUCODOWN®
Diabetic
Friendly
Formula
Tea
Mix combines
$49.07 of
premium
vitamins,
minerals, plant extracts and soluble fiber, sold individually by
other manufacturers, together in
one unique
product
for the
first time – thereby
offering
consumers unparalleled value-for-money.3
The
suggested retail price for all four delicious
flavors
of
GLUCODOWN®
Diabetic Friendly Formula Tea Mix
(Lemon,
Peach, Raspberry & Super Berry) is
$12.99
–
just
27 cents per
serving."
About Glucose
Health, Inc. (OTC:
GLUC)
Manufactured by
Glucose Health, Inc. (OTC:
GLUC), GLUCODOWN® is
a
delicious iced tea beverage
specifically
formulated for the adult nutrition/diabetic
supplies
retail
category.
More
than 100 million
Americans are
estimated
to be diabetic or pre-diabetic, by the Centers for Disease Control
and Prevention.4 GLUCODOWN® is a
unique and compelling healthy
drink
choice and
is
the
first iced
tea mix enriched with
soluble fiber.
Glucose
Health, Inc. is a publicly-traded company with the ticker symbol
(OTC:
GLUC).
1,2For
citations see www.glucodown.com/clinical-data
3$49.07
= (Amazon Survey 2018-11-15)
4National
Diabetes Statistics Review, 2017; Centers for Disease Control and
Prevention, Department of Health and Human Services.
Contact:
Murray
Fleming
Glucose Health,
Inc.
(479)
802-3827
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