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Dear Fellow Investors,
As you are very mindful we recently started a fresh business, and here are some of the obstacles and challenges we all encountered. The theme of this year's annual statement, " Bold Moves, Superb Future, вЂќ could also accurately describe the future. The Pump Up label of energy beverages continued to find market share current, and continues to exceed the expansion in revenue of the strength drink category. The energy beverage category on its own has continued to develop at an incredibly high rate. Gross sales coming from all of our companies the percentage of total product sales, grew and continues to grow. BOLD INVESTMENTS IN DEVELOPING
Demand for many of those products is flat. We are taking procedure for reposition selected of our existing products inside the warehouse portion and to bring in new lines of products to fulfill ever changing buyer preferences toward healthier and lower calorie products. In this regard, we still benefit from a good management group. I share my appreciation to my own fellow administrators for their counsel and support during this 12 months. We are in the process of introducing a number of new items into the Power up Incorporated collection in the United States and are generally continuing to judge and kick off Pump Up Designed into further countries expecting to to making Increase Incorporated a genuinely global brand. FINANCIAL PERCENTAGES
Financially our company is prevailing at a steady developing pace. Our total property turnover price is certainly not at ideal level, but it really is elevating, currently at seventy-five percent. Our quick ratio is definitely low, good results . our new investments in each of our warehouse and manufacturing, we shall increase it from 1 ) 28 percent. Our current ratio is at 2 . 28 percent and growing. With no further because of, our low profit is in a 1. 72 percent. The reality of matter is, using our new branding and distribution, this number is definitely, and will keep rising. SOME ROAD BLOCKS ENCOUNTERED
The Warehouse Department experienced a difficult year, largely as a...