LiveWire Ergogenics, Inc. Announces Improved 3Q Results, Reorder From European Distributor & New Distribution in Hawaiian Isl...
LiveWire Ergogenics, Inc. Announces Improved 3Q Results, Reorder From European Distributor and New Distribution in Hawaiian Islands
ORANGE, CA--(Marketwired - Nov 21, 2013) - LiveWire Ergogenics, Inc. (OTCQB: LVVV), makers of LiveWire Energy, the ultimate energy chew, is pleased to announce improved results in Q3, expansion into Poland and shipment of initial order to Hawaii.
We have showed a steady increase in gross sales as a result of our growing broker and distribution network. Gross sales for the 2013 third quarter increased 53% to $57,431 from $37,490 for the 2013 second quarter. Our general and administrative expenses were $416,469 in Q2 compared to $81,995 in Q3. We reduced our total liabilities from $1,586,226 in Q2 to $927,913 in Q3, an improvement of $658,313. This reduction was a result of eliminating accrued executive salaries and debt for legal and consulting fees. Total stockholders' deficit was reduced by $649,048 to $830,488 in Q3 as compared to $1,479,536 in the second quarter of 2013.
LiveWire Ergogenics, Inc CEO Bill Hodson stated, "We have worked hard to improve our capital structure and sales programs. Receiving a second order from our European partner for Poland proves the viability of LiveWire Energy chews and establishes us as a real competitor in the energy supplement category. We feel this expansion is critical to the success of our international partners."
George Schamschula, President of LiveWire Energy Kft stated, "Our initial results have been very encouraging and we are excited to add Poland to our distribution channel. Added penetration within the European Union will make it easier to expand into the balance of Europe over the next several quarters."
Continued Hodson, "We have also secured our first order for the state of Hawaii and expect this deal to bring additional international expansion throughout the Pacific Islands and Asia. Hawaii is an important place to establish LiveWire based on the fact that most major retail chains have a presence in the state."
BNM Enterprises, LLC Partner, Bao Ngo, commented, "I am on-the-go all day long and in my car and I like the fact that I can get a boost of energy from LiveWire and do not have to make frequent pit-stops compared to an energy drink. I also think that LiveWire has a huge potential because men and women can easily carry the LiveWire chews in their pocket or purse and have an instant energy boost on demand. Now, I'm not only a shareholder, but also a representative for the product. "
Additional details of the company's business and finances can be found as part of the Company's continuous public disclosure as a reporting issuer with the Securities and Exchange Commission ("SEC") available at: www.sec.gov.
LiveWire Ergogenics, Inc. 3Q Report: The Company recently posted 3Q Results and can be viewed at: http://www.otcmarkets.com/stock/LVVV/filings
About LiveWire Ergogenics, Inc. (OTCQB: LVVV) and LiveWire Energy™ Chews
LiveWire Energy™ chews are manufactured in Orange, California by LiveWire Ergogenics Inc. Designed for consumers with an action-packed lifestyle, LiveWire Energy™ chews are pocket-sized, portable alternatives to bulky energy drinks or shots. Available in seven different flavors, the Company's grab-n-go packaging responsibly displays the amount of caffeine in each chew, including Citrus Mango (90 mg caffeine), Pomaberry (90 mg caffeine), Chocolate (100 mg caffeine), Mint Chocolate (120 mg caffeine), Sour Apple (90 mg caffeine), Cinnamon Fire (90 mg caffeine), and Coffee (100 mg caffeine). Facebook: http://www.facebook.com/LiveWireEnergychews Twitter: http://twitter.com/#!/EnergyChews LiveWire Ergogenics Inc. was formed in 2008 and its products are available for purchase at thousands of retail outlets nationwide or are available online at: http://www.livewireenergy.com
Investor Information visit http://www.otcmarkets.com/stock/LVVV/quote
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
INVESTOR RELATIONS CONTACT
Bill Hodson
LiveWire Ergogenics, Inc.
714-940-0155
Email: Email Contact
LiveWire Ergogenics, Inc. Announces Improved 3Q Results, Reorder From European Distributor and New Distribution in Hawaiian Islands
ORANGE, CA--(Marketwired - Nov 21, 2013) - LiveWire Ergogenics, Inc. (OTCQB: LVVV), makers of LiveWire Energy, the ultimate energy chew, is pleased to announce improved results in Q3, expansion into Poland and shipment of initial order to Hawaii.
We have showed a steady increase in gross sales as a result of our growing broker and distribution network. Gross sales for the 2013 third quarter increased 53% to $57,431 from $37,490 for the 2013 second quarter. Our general and administrative expenses were $416,469 in Q2 compared to $81,995 in Q3. We reduced our total liabilities from $1,586,226 in Q2 to $927,913 in Q3, an improvement of $658,313. This reduction was a result of eliminating accrued executive salaries and debt for legal and consulting fees. Total stockholders' deficit was reduced by $649,048 to $830,488 in Q3 as compared to $1,479,536 in the second quarter of 2013.
LiveWire Ergogenics, Inc CEO Bill Hodson stated, "We have worked hard to improve our capital structure and sales programs. Receiving a second order from our European partner for Poland proves the viability of LiveWire Energy chews and establishes us as a real competitor in the energy supplement category. We feel this expansion is critical to the success of our international partners."
George Schamschula, President of LiveWire Energy Kft stated, "Our initial results have been very encouraging and we are excited to add Poland to our distribution channel. Added penetration within the European Union will make it easier to expand into the balance of Europe over the next several quarters."
Continued Hodson, "We have also secured our first order for the state of Hawaii and expect this deal to bring additional international expansion throughout the Pacific Islands and Asia. Hawaii is an important place to establish LiveWire based on the fact that most major retail chains have a presence in the state."
BNM Enterprises, LLC Partner, Bao Ngo, commented, "I am on-the-go all day long and in my car and I like the fact that I can get a boost of energy from LiveWire and do not have to make frequent pit-stops compared to an energy drink. I also think that LiveWire has a huge potential because men and women can easily carry the LiveWire chews in their pocket or purse and have an instant energy boost on demand. Now, I'm not only a shareholder, but also a representative for the product. "
Additional details of the company's business and finances can be found as part of the Company's continuous public disclosure as a reporting issuer with the Securities and Exchange Commission ("SEC") available at: www.sec.gov.
LiveWire Ergogenics, Inc. 3Q Report: The Company recently posted 3Q Results and can be viewed at: http://www.otcmarkets.com/stock/LVVV/filings
About LiveWire Ergogenics, Inc. (OTCQB: LVVV) and LiveWire Energy™ Chews
LiveWire Energy™ chews are manufactured in Orange, California by LiveWire Ergogenics Inc. Designed for consumers with an action-packed lifestyle, LiveWire Energy™ chews are pocket-sized, portable alternatives to bulky energy drinks or shots. Available in seven different flavors, the Company's grab-n-go packaging responsibly displays the amount of caffeine in each chew, including Citrus Mango (90 mg caffeine), Pomaberry (90 mg caffeine), Chocolate (100 mg caffeine), Mint Chocolate (120 mg caffeine), Sour Apple (90 mg caffeine), Cinnamon Fire (90 mg caffeine), and Coffee (100 mg caffeine). Facebook: http://www.facebook.com/LiveWireEnergychews Twitter: http://twitter.com/#!/EnergyChews LiveWire Ergogenics Inc. was formed in 2008 and its products are available for purchase at thousands of retail outlets nationwide or are available online at: http://www.livewireenergy.com
Investor Information visit http://www.otcmarkets.com/stock/LVVV/quote
To the extent that statements in this press release are not strictly historical, including statements as to revenue projections, business strategy, outlook, objectives, future milestones, plans, intentions, goals, future financial conditions, future collaboration agreements, the success of the Company's development, events conditioned on stockholder or other approval, or otherwise as to future events, such statements are forward-looking, and are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements contained in this release are subject to certain risks and uncertainties that could cause actual results to differ materially from the statements made.
INVESTOR RELATIONS CONTACT
Bill Hodson
LiveWire Ergogenics, Inc.
714-940-0155
Email: Email Contact
