Green PolkaDot Box Announces Plan to Buy Back up to 1,000,000 Shares
29 April 2015 - 10:17PM
Access Wire
MOUNT PLEASANT, UT / ACCESSWIRE / April 29, 2015 / Green
PolkaDot Box Incorporated (PINKSHEETS: GPDB) announced
today that its Board of Directors has approved a plan to purchase
back as many as one million shares of its common stock,
representing up to 60% of its shares in the public float.
Commenting on the decision, GPDB CEO, Rod Smith stated, "The
current price is ridiculously low in light of our recent
achievements and expectations for significant growth this year.
Given the underlying strength of GPDB business and the recent
turbulence in the equity markets, we think our current stock price
is undervalued. Therefore, we believe the stock buy-back program is
in the best interests of our stockholders."
"Look at it this way," says Smith, "2,000 Health Merchants x
1,000 customers shopping monthly, spending their grocery budget on
CLEAN foods...do the math. It doesn't take long to understand why
we are going to start buying back our common stock in the public
float!"
The Board's decision came at the same time GPDB announces the
launch of its national Health Merchant Enrollment Tour to establish
2,000 Health Merchants across the country. Rod Smith and "the
Company plans to promote enrollment in 23 cities beginning on May
13th in the greater Salt Lake City area of Utah and continuing
through Florida, New York, Massachusetts, South Carolina, Illinois,
Texas, Minnesota, Colorado, Arizona, Washington and California.
"And back again," Smith adds, "until we achieve our goal before the
end of the 2nd quarter."
Smith will be on the road meeting with audiences in each city.
Audiences will be comprised of 200-300 alternative health care
practitioners, chiropractors, health store owners, farmers market
administrators, pharmacists, health and lifestyle bloggers,
nutritionists, health coaches, dieticians, personal fitness
trainers, social media moms, association directors and non-profit
administrators-all of who are potential Health Merchants.
"We know from our extensive testing early this year, and from
accumulated market experience, that there is a growing demand for
CLEAN foods," says Smith. "Our Health Merchant program empowers
individuals, businesses and organizations to educate health-minded
consumers within their spheres of influence and provide CLEAN foods
at the lowest prices, guaranteed."
An example of the kind of influence over consumers Smith is
talking can be found with Moms Across America
(MAA) that signed last week to become a Health Merchant. MAA is a
national coalition of "Unstoppable Moms" committed to empowering
millions to educate themselves about genetically modified organisms
(GMO) and related pesticides, to get GMO in foods labeled and offer
GMO-free and Organic solutions. They are marching for the future of
food, the health of our country's children and national right to
know what is in our food. MAA is attracting thousands of
health-minded, caring Moms who make personal commitments to
purchase CLEAN foods, exclusively, and volunteer to actively
promote public awareness about the contaminated food issue and
invite more Moms to unite forces.
Through the Health Merchant(TM) program MAA can provide CLEAN
eating Organic and Non-GMO foods-at the lowest prices in America,
guaranteed-under its own brand, on its own storefront, directly to
its Moms who represent a powerful buying collective. To see a
sample depiction of the organization's online store go to: Moms
Across America Storefront
MAA earns 10% on all orders received to use proceeds in support
of its mission.
Smith expects that more than 2,000 Health Merchants will sign up
during the national enrollment drive by the end of June, each
paying $1,995 for the distributorship and committing to a $100
monthly service fee. "But that is just the beginning," Smith
explains. "Our Health Merchants have the built-in trust of their
clients, customers, patients and constituents. They will respond to
our CLEAN food offering through their local Health Merchant. Every
Health Merchant(TM) is an instant sales channel for us to bring in
CLEAN food consumers by the hundreds and thousands."
About Green PolkaDot Box
Green PolkaDot Box is 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 customer relationship management
software to provide a unique shopping experience. The Company also
empowers other businesses and organizations to establish an online
Health Merchant store-a non-stocking distributorship-for their own
benefit. 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.
Investors Relations Contact
Rod Smith
CEO/Green PolkaDot Box Incorporated
(801) 787-8835
rsmith@greenpolkadotbox.com
SOURCE: Green PolkaDot Box Incorporated
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