PSIQ REPORTS RECORD BREAKING
JUNE 30TH, 2018 SIX MONTH REVENUE
INCREASE OF ALMOST 1300%
SUNRISE,
FL.
-- August
28th,
2018 -- InvestorsHub
NewsWire
--
Profile
Solutions, Inc. (USOTC
Pink: PSIQ) announced today that
its wholly owned subsidiary, Elite Products International, Inc.
("Elite"), reported revenues for the six months ending June
30th, 2018 of $421,439
compared to revenues of $33,183 for the six months ending June
30th, 2017, representing
an almost 1300% increase.
"Due to lots of
hard work, dedicated employees, loyal best of class
suppliers/vendors and quality products competitively priced, Elite
is becoming a go to industry source for Hemp based CBD products.
With certain marketing initiatives, we expect revenues and market
share to continue to increase" stated Shimon Fhima,
Chief Executive Officer of Elite.
Elite will be
exhibiting at the
BIG Industry Show
(www.bigindustryshow.com) on August
30th August
31st, 2018 at the Los
Angeles Convention Center. The
BIG Industry Show
features the
industry's leading smoke, vape, cannabis and grow products in a
business-to-business setting. The BIG Industry Show
provides over 100,000 square feet of space dedicated to serve
as
a retailer's one stop shop to stock their shelves for the upcoming
year as well as meet face-to-face with the manufacturers,
distributors and innovators.
According to Statista, cannabis market sales for recreational use
in the
United States are
projected to rise from $998
million in
2015 to $11.67
billion in
2020. The industry is experiencing such explosive growth that there
is vast scope for innovation in terms of the products available.
The BIG Industry Show serves to harness some of this creativity and
spread the word about it, ensuring that exciting new products and
those who make them come to the attention of vendors from across
the US.
CBD isolate
derived from hemp has no psychoactive effects; therefore, the
purchase, sale or possession of hemp-based CBD products are
typically legal in all 50 states. The U.S. CBD market is projected
to grow to a value of $2.1 billion by 2020, according to the Hemp
Business Journal (HBJ). The
HBJ partnered with consumer data experts SPINS and BDS Analytics to
author The CBD Report (https://www.hempbizjournal.com/the-cbd-report/)
which identifies CBD as one of the hottest growing cannabis
industries based on its compound annual growth rate of 59 percent.
The report estimates that $450 million of the $2.1 billion in CBD
consumer sales in 2020 will originate from hemp-based
sources.
About Profile Solutions
Profile
Solutions, Inc., through its subsidiary Elite Products
International, Inc., is a leading distributor and manufacturer in
the cannabinoid (CBD) industry. The Company's products contain
cutting-edge CBD industrial hemp extracts in the form of edibles,
creams, oils and salves. Financial information can be found
at https://www.otcmarkets.com/stock/PSIQ/profile.
Please visit the company website at www.profilesolutionsinc.com,
Facebook at https://www.facebook.com/EliteProductsINTL/,
Instagram https://www.instagram.com/elite_hemp/,
Linkedin
at https://www.linkedin.com/in/elite-hemp-products-3a863914a/,
Twitter at https://twitter.com/EliteHemp_Intl and
Blog: https://www.elitehempproducts.com/blog.
Safe Harbor Statement
This press
release contains forward-looking statements that can be identified
by terminology such as "believes," "expects," "potential," "plans,"
"suggests," "may," "should," "could," "intends," or similar
expressions. Many forward-looking statements involve known and
unknown risks, uncertainties and other factors that may cause
actual results to be materially different from any future results
or implied by such statements. These factors include, but are not
limited to, our ability to continue to enhance our products and
systems to address industry changes, our ability to expand our
customer base and retain existing customers, our ability to
effectively compete in our market segment, the lack of public
information on our company, our ability to raise sufficient capital
to fund our business, operations, our ability to continue as a
going concern, and a limited public market for our common stock,
among other risks. Many factors are difficult to predict accurately
and are generally beyond the company's control. Forward-looking
statements speak only as to the date they are made and we do not
undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the
forward-looking statements are made.
For
information, please contact:
Dan
Oran, President
Profile
Solutions, Inc.
8411 West
Oakland Park Blvd.
Suite
201
Sunrise,
FL 33351
Dan@ProfileSolutionsInc.com
(844)
856-8838
