NEWPORT BEACH, Calif., Mar 11, 2014 (BUSINESS WIRE) -- Vestiage(TM), Inc. ("VEST"), the healthy aging company that owns both the RegiMEN(TM) and Monterey Bay Nutraceuticals(TM) natural supplement product lines, announced today that it has released its Fourth Quarter 2013 financial results. The Company Annual Report is also now available online at www.OTCMarkets.com .
Scott Kimball, CEO of Vestiage, Inc. said, "We had already decided to move into healthy aging premium nutraceuticals, and had begun developing the Monterey Bay Nutraceuticals brand for women which was slated to come out of R&D and into production in Q4 2013. We accomplished that goal. Now, with the RegiMEN brand acquisition, we're moving more aggressively into nutraceuticals with a complete healthy aging system of supplements for men over 35."
Kimball added, "The fourth quarter 2013 was a period of building infrastructure, completing the acquisition of RegiMEN, protecting our intellectual property, acquiring new intellectual property, assembling our 'dream team' in direct response media and fulfillment, bringing Monterey Bay Nutraceuticals out of R&D and into production, and developing the marketing, advertising and growth strategy for RegiMEN in both retail and direct response. We moved very rapidly through numerous important steps required to prepare us for the growth we expect in 2014. I'm incredibly proud of our teams. Our media team is putting up fantastic initial statistics on customer acquisition using national radio and preparing for national television. Our fulfillment team is integrating the Company's products quickly and handling our orders from direct response with excellence. Our customer service and call center teams are coming on stream and we will be holding multiple training sessions with them over the next 6 months to insure the quality of customer experience. Our operational team is coordinating much of these initiatives and is performing well, led by COO Garrett Heiser. Our retail team, headed by Nutraceuticals President Tom Youngerman, is beginning to see its strategy and efforts over the last several months begin to pay off with an increase in orders, both in size and frequency. Our digital team has taken on multiple projects and is working through them efficiently and effectively. Our plan for the Company stock is progressing as expected. We recently named our audit firm setting us up for a filing with the SEC and a move to a more senior exchange. Financially, the Company continues to have no senior debt, only 'in the money' fixed price convertible debt with volume and other restrictions upon sale. We have not financed any inventory and we have not financed any purchase orders although both sources of financing could be available to us should we desire it. Our current assets at year end were substantially higher than our current liabilities."
During the fourth quarter of 2013 the company also:
-- Completed the acquisition of RegiMEN
