Hemp, Inc. Reports 26% Increase in 3rd Quarter Revenue Over 2nd
Quarter 2013
LAS VEGAS, Oct. 21, 2013 /PRNewswire/ --?Hemp, Inc. (OTC:
HEMP) today announced third quarter 2013 income of $673,588, a 26% increase over the
2nd?quarter and a 21,244% increase over the same quarter
2012. The first two quarters of 2013 showed a dramatic increase
over 2012 as a result of the company's transition from development
stage to an operating stage company.
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Hemp, Inc. made the transition to operating company in the first
quarter of 2013 and reported revenue of $423,035. Second quarter revenues of $534,871 showed a 25.7% increase over first
quarter revenue and now third quarter revenues show an additional
26.0% increase over second quarter, bringing total revenue for the
first three quarters of 2013 to $1,634,780.
Earnings for the 2013 periods were favorably impacted by
increased production of Hemp, Inc.'s brand of all-natural herbal
products, Herbagenix, that contain hemp and hemp extracts. As for
Hemp, Inc.'s financial performance and overview, this year, CEO
Bruce Perlowin said, "We are
extremely pleased with our consistent rise in revenues. Hemp, Inc.
has managed to exceed its revenue expectations in the third
quarter, while successfully executing the strategic transformation
plan we designed well over a year ago."
Perlowin went on to say, "As we move to the final quarter of
2013, we will continue to focus on our strategic priorities of
quality and growth and look forward to 2014".
According to Hemp, Inc. President, David
Tobias, the company is on target to exceed their estimated
revenue of $2,000,000 for this fiscal
year. "We expect consistent increases in sales for some time to
come. And while our Herbagenix nutraceutical division has almost
exclusively generated our revenue so far, our other divisions are
primed for high revenues in 2014 as well."
Hemp, Inc.'s TRIPLE BOTTOM LINE
Hemp, Inc. (OTC: HEMP) seeks to benefit many constituencies, not
exploit or endanger any group of them. Thus, the publicly-traded
company believes in "upstreaming" of a portion of profit from the
marketing of their finished hemp goods back to its originator. By
Hemp, Inc. focusing on comprehensive investment results?that is,
with respect to performance along the interrelated dimensions of
people, planet, and profits? our triple bottom line approach can be
an important tool to support sustainability goals.
CONTACT:
Phone:1-877-221-8351
Email: info@hemp.com
SOURCE Hemp, Inc.