GRCV Reports First Quarter 2019 Revenues of $2.28 Million for YUKA
MIAMI--(BUSINESS WIRE)--May 15, 2019--
Grand Capital Ventures, Inc.’s (OTC: GRCV ) (“the Company”) wholly-owned subsidiary, Yuka E-Commerce (“YUKA”), released first quarter 2019 financial results, reporting revenues of $2.28 million. The numbers represented an increase in the pace of the Company’s revenue growth over calendar year 2018 when it reported revenues of over $8 million for YUKA.
To build sales this year, YUKA has used its unique industry position to take advantage of online marketplace trends by creating strategic partnerships through its “Flash Sales eCommerce Division.” With 80-plus brands available on over 40 platforms, YUKA has already sold over 64,000 units, each earning a 4.5-star rating or higher from consumers. Hundreds of these deals are run daily by YUKA.
“What we’ve done in the first three months of 2019 has been a testament to both the hard work and planning of our team,” said CEO Meir ‘Miko’ Avitan. “We’re a known commodity in the e-commerce landscape, which bodes well for our future and for our ability to increase the value of our enterprise for our shareholders. We expect 2019 to be a record-breaking year.”
The global e-commerce market is going to reach $24.3 trillion by 2025, in no small part due to technological advancements in big data and cloud-based e-commerce platforms, along with advanced shipping and payment options. Internet access along with a rise in consumer disposable income will play a huge role in this projected rise also, and the Company is well positioned to take advantage of this rise to the benefit of shareholders.
About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client’s brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography. For more information, visit our website at www.Yukaecom.com.
About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the nurturing of companies demonstrating a positive upside while striving to bring new technologies and unique products to their respective markets.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Certain statements set forth in this press release constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may,” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, domestic or global economic conditions - activities of competitors and the presence of new or additional competition and conditions of equity markets.
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CONTACT: Grand Capital Ventures, Inc.
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES OTHER PROFESSIONAL SERVICES COMMUNICATIONS MARKETING
SOURCE: Grand Capital Ventures, Inc.
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PUB: 05/15/2019 08:00 AM/DISC: 05/15/2019 08:00 AM