Santa Monica, Calif., February 24, 2021 (GLOBE NEWSWIRE) – Oliveda International, Inc. (OTC Pink: OLVI), one of the world’s leading innovators in natural cosmetics and wearable beauty and health technologies, reports that Despite one of the most challenging business environments in decades, with store closings, closures and limitations on in-person shopping, the company expects its 2020 year-end financial report to reflect an increase 40% of sales compared to the previous year (2019).
In a year where industry analysts predicted 20-40% sales decline for the beauty industry, Oliveda was able to increase sales by such a large percentage thanks to a strong performance in online orders. .
The increase in sales is expected to be reflected in the company’s next year-end 2020 financial report, which is expected to be posted on the OTC Markets website on or around March 31, 2021. For the first time in its history , the company produced audited financial statements for its wholly-owned subsidiary Oliveda Group from 2018 to 2020. The company also produced audited financial statements for Oliveda International for the year-end periods 2018 and 2019.
About Oliveda International, Inc.
Founded in 2003 by German real estate investor Thomas Lommel, Oliveda International, Inc. is one of the leading international natural cosmetics companies in the high-end segment. The company has also developed unique wearable health and beauty technology. In addition to online sales and a global branch network of 650 retail stores, the company’s wholly-owned subsidiary, Oliveda Deutschland GmbH, operates flagship stores, Olive Tree Pharmacy, in Berlin and Düsseldorf and plans to open more new locations in Los Angeles, Taipei and Seoul. Overall, the company estimates that it will be able to operate a total of 60 of its own flagship stores globally and increase the global retail store network to 1,200 over the next five. years. Through subsidiary operations, Oliveda International is the largest investor in eco-certified mountain olive trees as well as the largest conservationist in Arroyomolinos de Leó, Spain. Further information on Oliveda International is available at http://www.oliveda.com, https://us.oliveda.com and http://www.olivetreepeople.com.
This press release may contain statements, estimates or projections that constitute “forward-looking statements” in accordance with the safe harbor provisions of US federal securities laws. As a general rule, the words “believe”, “expect”, “intend”, “estimate”, “anticipate”, “plan”, “” and similar expressions identify forward-looking statements, which are not generally not historical in nature. Forward-looking statements are subject to certain risks and uncertainties, which may be found in documents filed by the Company with OTC Markets Group Inc., which could cause actual results to differ materially from the Company’s historical experience and expectations. or current projections. Investors should not place undue reliance on forward-looking statements, which speak only as of the date on which they are made. The Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statement, unless otherwise required by law.