Ubiquitech Nine Month Revenue Up 44% From the Year Ago Period, Third Quarter 2017 Revenues Increase 25%
October 17 2017 - 8:03AM
ADVFN NewsWire
October 17, 2017 07:00 ET
Ubiquitech Nine Month Revenue Up 44% From the Year Ago Period,
Third Quarter 2017 Revenues Increase 25% From the Previous
Year
DENVER, CO- (NewMediaWire- Oct 17, 2017) - Ubiquitech Software
Corp. (OTC PINK: UBQU), through its operating subsidiary
HempLifeToday.com, today announced its third quarter 2017 financial
results. Revenues for the quarter increased to $1,134,310 from
$906,352 during the prior year period, with earnings of $73,101
during the third quarter of 2017.
The company credits continued awareness of the benefits of CBD
oil derived from hemp, increased exposure and demand for its USA
grown and formulated CannazALL™ brand hemp CBD products, attention
to customer service, and innovative marketing initiatives for the
increase in sales and profits. The company recently announced the
establishment of its CannazAll Pets™ line of CBD products as well
as the development of its new cryptocurrency platform called
CryptoBuy.com. The company anticipates continued new product
offerings into 2018.
"We continue to expand the reach of our products in the
potential multi-billion dollar CBD marketplace, and also benefit
from the increasing acceptance of CBD as a whole," said James
Ballas, CEO. "As word about the quality and effectiveness of our
products continues to spread, our CannazALL™ brand is rapidly
becoming the CBD oil nutraceutical of choice. In addition to that,
we will continue to build out our ambitious marketing platforms to
greater take advantage of this exciting multi-billion dollar
growth."
Complete quarterly financial results for the company have been
posted to OTCMarkets.com.
About HempLife Today™
Ubiquitech Software Corp, through its subsidiaries is a dynamic
multi-media, multi-faceted corporation utilizing state-of-the-art
global internet marketing, DirectResponse (DRTV) Television, Radio,
Internet Content, and traditional marketing to drive traffic to the
new and emerging multi-billion dollar industries like its
subsidiaries HempLifeToday™ and CryptoBuy.com
HempLifeToday™ focuses on the exciting and dynamic new thinking
in the world today that recognizes the important health and life
enriching enhancement that CBD Oil from the Hemp plant can bring.
Through its network of quality USA growers HempLifeToday.com™ has
developed multiple and proprietary CannazALL™ CBD oil products that
include; It's popular CBD Tinctures, Concentrated Oils, GelCaps,
Skin Salve, e-liquid, and CannazALL Pets™ CBD products all offered
@ www.HempLifeToday.com
CryptoBuy.com focuses on the burgeoning new world of Crypto
Currencies and is created to be a service to persons interested in
tracking and trading the many existing and future Crypto Currencies
worldwide.
This press release contains forward-looking statements. Words
such as "expects", "intends'', "believes'', and similar expressions
reflecting something other than historical fact are intended to
identify forward-looking statements, but are not the exclusive
means of identifying such statements. These forward-looking
statements involve a number of risks and uncertainties, including
the timely development and market acceptance of products and
technologies, the ability to secure additional sources of finance,
the ability to reduce operating expenses, and other factors
described in the Company's filings with the OTC Markets Group. The
actual results that the Company achieves may differ materially from
any forward-looking statement due to such risks and uncertainties.
The Company undertakes no obligation to revise or update any
forward- looking statements in order to reflect events or
circumstances that may arise after the after the date of this
release.
CONTACT INFORMATION
Contact
Ubiquitech Software Corp.
Investor relations
IR@UbiquitechSoftware.com
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