EHouse Global, Inc. (OTCBB:EHOS), (the "Company" or "Ehouse")
(www.EHouse-Global.com), an emerging specialty nutraceutical
company with 16 liquid based nutritional products in the dietary
supplement industry, is pleased to announce several important
corporate updates.
PRODUCTION-
EHouse has been working with a new product formulator, a local
to the southern California region, with the niche ability to
produce the Company's products in large scale "totes," which will
allow mass production and inventory building in anticipation of
larger purchase orders. Previously, the Company was relying on one
supplier to produce single "pouches" and "bottles," but with the
new product formulator, they will now have the unique flexibility
to mass produce their 16 innovative products into stackable 275
gallon totes. After production into the totes, the Company intends
on utilizing their original formulation and pouching company to
manufacture pouches and bottles with the added flexibility and
efficiency of having two contract manufacturers who can produce the
Company's raw product. As of last week, the company has finalized
the details surrounding production and is ready to move forward
with their first large-scale order.
FINANCING-
Over the past five months, the Company has received over
$500,000 in investments from multiple Private Equity funds. The
Company hopes to secure additional funds from these groups going
forward in order to provide adequate working capital as the working
relationship has been positive thus far. This money is actively
being utilized in the initial launch of the Company as they focus
on bringing products to market and ultimately generate revenue.
The Company has also been working diligently to complete the S1
Registration Statement for the $10,000,000 equity line of credit to
be provided by Dutchess Capital and should be submitted within the
next 10 business days. The Company hopes to have access to this
capital, providing successful correspondence with the Securities
and Exchange Commission, sometime in Q3/Q4 2014.
As an added precaution to potential surprise large orders, which
would demand a large and immediate amount of working capital, the
Company has started discussions with a capital provider who is
willing to potentially finance this inventory, subject to their
terms, conditions, and due diligence. To access this capital, these
orders would need to be from a large established retailer, sales
leads the Company is currently perusing.
The Company is confident, provided the financiers, customers,
and production partner's work with EHouse in the positive manner
that they have been, that sales could start to materialize in the
latter part of Q2 or beginning of Q3.
MARKETING-
The Company's CEO, Scott Corlett, has actively been developing
the list of potential retailers for the Company's products. Once
the production and operations process is perfected, management
intends to set out on a U.S. wide sales and marketing roadshow with
the aim of securing several test orders with national retail
chains. The Company may also engage Aisle 9, a product agency that
combines branding, design, and packaging with a nationwide sales
force to develop a long-term sales and marketing strategy.
SCOTT CORLETT, CEO OF EHOUSE GLOBAL,
COMMENTED:
"I am quite pleased with the progress we've made at EHouse thus
far. We became a public company last summer, spent the fall with
administration and red-tape and finally in Q4 2013 we started to
gain traction. Q4 2013 we started to finalize our products and
develop our initial sales channels. In the New Year we've started
moving very quickly with our new product manufacturers and filling
the treasury. Moving into Q2 and Q3 2014, we look to finalize terms
with the producers, manufacture an initial product-run, continue to
cash-up, and land some customers—Amazon is currently waiting for
product. Fast forward to the second half of 2014, coincidentally
our 1 year anniversary as a public company, and I think we will be
a real force in the industry."
ABOUT EHOUSE GLOBAL (EHOS)
EHouse Global is a publicly traded company on the OTCBB Market
stock exchange under the ticker symbol EHOS. Headquartered in La
Jolla, CA, EHouse Global acquires, develops and sells leading edge
consumer oriented products ready for rapid commercialization. Much
of its resources are dedicated to research and development in order
to provide consumers with quality options while meeting the
expectations of its investors. For information about EHouse go to
www.ehouse-global.com
Through our wholly owned subsidiary NutraLiquids LLC, our launch
includes 16 different liquid nutritional products in single serving
pouches with some products also available in 30 day supply, 30
ounce bottles. Each product is gluten-free and are loaded with
vitamins, nutrients and natural ingredients proven to support each
product's unique claim.
From Immunity Support to Weight loss, Omega 3 Heart Health,
Detox, Energy, Sleep, Joint Support, Bone Health, Daily Vitamins
and even Hangover prevention, we have created a wide variety of hot
product segments for the large and growing nutrition industry and
are poised for significant growth.
NOTICE REGARDING FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements."
Statements in this press release that are not purely historical are
forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Such forward-looking statements include, among other things, the
ability of the Company to reach its expansion goals and generate
exciting new developments. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with developing new products and operating
as a development stage company, our ability to raise the additional
funding we will need to continue to pursue our business and product
development plans, competition in the industry in which we operate
and market conditions. These forward-looking statements are made as
of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements, except as required by applicable law,
including the securities laws of the United States. Although we
believe that any beliefs, plans, expectations and intentions
contained in this press release are reasonable, there can be no
assurance that any such beliefs, plans, expectations or intentions
will prove to be accurate. Investors should consult all of the
information set forth herein and should also refer to the risk
factors disclosure outlined in the reports and other documents we
file with the SEC, available at www.sec.gov.
CONTACT: INVESTOR AND MEDIA CONTACT:
Ryan Troup
President, Circadian Group IR
Toll Free: 1 (855) 228-7336
Email: investors@ehouse-global.com
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