Gilla Provides Guidance on First Half of Fiscal 2016
(firmenpresse) - NEW YORK, NEW YORK -- (Marketwired) -- 04/13/16 -- ("Gilla" or the "Company") (OTCQB: GLLA), the fast-growing designer, manufacturer and marketer of E-liquid for vaporizers, provided guidance today projecting revenues of $3.0 million for the first half of fiscal 2016.
FY2015 Highlights:
Recent Developments & Expectations for the First Half of 2016:
"We are excited about Gilla''s enhanced sales and marketing capabilities through the addition of our California based sales team as well as the launch of our European sales and distribution platform," stated J. Graham Simmonds, Chairman and CEO of Gilla. He added, "Our primary focus is now on driving our high margin premium E-liquid business through our well established global platform. Along with growth in our forecasted revenues, we expect our gross margin will continue to increase substantially, which should lead the company to profitability during the second half of 2016."
About Gilla Inc.
Gilla Inc. manufactures, markets and distributes E-liquid, which is the liquid used in vaporizers, E-cigarettes, and other vaping hardware and accessories. E-liquid is heated by the atomizer to deliver the sensation of smoking. Gilla aims to be a global leader in the manufacturing and distribution of E-liquid for the vapor industry. The Company provides consumers with choice and quality across categories and price points. Gilla''s product portfolio includes Craft Vapes, Craft Clouds, Vape Warriors, Miss Pennysworth''s Elixirs, The Mad Alchemist, Replicant and Coil Glaze E-liquid brands.
Forward-looking Statements
Note: This press release contains "forward looking statements" as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on currently available competitive, financial and economic data and management''s views and assumptions regarding future events. Such forward-looking statements are inherently uncertain. Gilla Inc. cannot provide assurances that the matters described in this press release will be successfully completed or that the company will realize the anticipated benefits of any transaction. Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to: global economic and market conditions; the war on terrorism and the potential for war or other hostilities in other parts of the world; the availability of financing and lines of credit; successful integration of acquired or merged businesses; changes in interest rates; management''s ability to forecast revenues and control expenses, especially on a quarterly basis; unexpected decline in revenues without a corresponding and timely slowdown in expense growth; the company''s ability to retain key management and employees; intense competition and the company''s ability to meet demand at competitive prices and to continue to introduce new products and new versions of existing products that keep pace with technological developments, satisfy increasingly sophisticated customer requirements and achieve market acceptance; relationships with significant suppliers and customers; as well as other risks and uncertainties, including but not limited to those detailed from time to time in Gilla Inc. SEC filings. Gilla Inc. undertakes no obligation to update information contained in this release. For further information regarding risks and uncertainties associated with Gilla Inc.''s business, please refer to the risks and uncertainties detailed from time to time in Gilla Inc.''s SEC filings.
For more information, please visit .
Contacts:
Mr. J. Graham Simmonds
Chairman and CEO
1 (416) 843-2881
email:
website:
twitter: (at)gillainc
For media inquiries, please contact:
Mr. Don Fenton
1 (416) 434-3681
email:
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Datum: 13.04.2016 - 07:31 Uhr
Sprache: Deutsch
News-ID 1427831
Anzahl Zeichen: 2981
contact information:
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Town:
NEW YORK, NEW YORK
Phone:
Kategorie:
Recreation
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