August 5, 2019 at 12:16 pm #136749
KABOOOM NEWS>>> $ARSN /Yuengling’s Ice Cream Comments on the Posting of Second Quarter Financial Statement with Robust Earnings and Strong Balance Sheet
August, 05 2019 08:45 AM | ACCESSWIRE
ATLANTA, GA / ACCESSWIRE / August 5, 2019 / Aureus, Inc. (OTCPINK:ARSN), (“Aureus” or the “Company”) (www.AureusNOW.com) an emerging leader in the food brand development industry with exclusive rights to operate the online sales of Yuengling’s Ice Cream brand, as well as Yuengling’s distribution at select retail locations, announces the recent posting of its second quarter financial statement with robust earnings and a strong post-closing balance sheet to OTC Markets.
“This is a strong launch for the Aureus/Yuengling alliance,” said Everett Dickson, CEO of Aureus. “For the period ending April 30, 2019, the company reported earnings of $156,529 and total assets of $2,006,015. We are quite gratified to be able to post these initial figures for Aureus and our Yuengling’s Ice Cream subsidiary. If certain details completing the acquisition had not taken longer than anticipated, we would have attempted to launch at a time other than the winter and spring months, which are traditionally the slower months in this space. Nonetheless, it’s a marked indicator of the kind of regional brand loyalty that Yuengling’s Ice Cream enjoys, that we can post these kinds of results during what is normally the less active ice cream sales season.”
“It also bears pointing out,” continued Dickson, “that analysts who have read our second quarter financial statement are immediately struck by how small the size of our market cap is at around $600,000. Several commentators confessed that they thought they had misread the figures at first, the number seemed so low. One commentator called Aureus: ‘an undercover price-to-sales ratio gem.’”
Rob Bohorad, COO of the Yuengling’s Ice Cream subsidiary commented, “Everyone is very pleased that the Company has posted these numbers at the start of our undertaking, but astute observers will take note that this healthy first milestone can only mean better developments are on the way. We are now in our busy season for ice cream sales. The hot months of summer are when our loyal customer base spends the most on our gourmet, locally sourced ice cream products. Higher sales volume should be coming, due not only to seasonal factors, but because of the compounding effect of the new product lines Yuengling’s will be launching, the streamlining of our distribution model, and the ramping up of our latest customer acquisition strategies.”
Aureus, Inc. has a fiscal year end of October 31st. The Company filed its second quarter financial statements with OTC markets on July 16th, 2019. This is the first time Aureus has posted earnings.
August 5, 2019 at 12:19 pm #136750
Dan@danspinnerAugust 5, 2019 at 12:21 pm #136751
LOVE IT! Thank you, Alice))August 5, 2019 at 12:24 pm #136752
Yep!!! This is a strong launch for the Aureus
You must be logged in to reply to this topic.