Acology Announces Major Expansion GlobeNewswire
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Posted On: 02/27/2017 9:37:47 AM
Acology Announces Major Expansion
GlobeNewswire•February 27, 2017Comment
CORONA, Calif., Feb. 27, 2017 (GLOBE NEWSWIRE) -- In response to rapidly increasing sales of all products across the globe Acology Inc. (OTC PINK:ACOL) announced today that it is in the process of finalizing the purchase of a 13,000-sq.ft. building in Southern California. Several planned production expansions, including the creation of a new Hydroponic Products Division, a Consumer Services Division, expanded studio, artwork and printing operations and new Vendor Connect Program are all in the works. Plans to complete this expansion by April 1 are now proceeding.
In addition, Acology executives are finalizing contracts with a new Director of Sales and 8 additional sales executives to staff its new expanded headquarters in Corona, California. This expansion will allow Acology to reach 40,000 potential customers every month.
Since the end of last year and the beginning of this year Acology has seen its global sales surge. Acology executives intend to accelerate the momentum throughout their product lines by focusing additional man-power on these expanding markets. Acology anticipates product-sales growth to escalate from its current level to 200 or 300% in the next 3 to 5 years. Current sales of hydroponic products in the US generated more than $650M in 2016 and experts indicate that number will grow in the next several years by 30 to 40% annually. Along with continued growth in the sales of its other medical and cannabis-centered products, conservative estimates are that hydroponic products alone could potentially add $5M net to Acology’s bottom line the next 2 years.
For investor or sales information please visit Acology Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.
GlobeNewswire•February 27, 2017Comment
CORONA, Calif., Feb. 27, 2017 (GLOBE NEWSWIRE) -- In response to rapidly increasing sales of all products across the globe Acology Inc. (OTC PINK:ACOL) announced today that it is in the process of finalizing the purchase of a 13,000-sq.ft. building in Southern California. Several planned production expansions, including the creation of a new Hydroponic Products Division, a Consumer Services Division, expanded studio, artwork and printing operations and new Vendor Connect Program are all in the works. Plans to complete this expansion by April 1 are now proceeding.
In addition, Acology executives are finalizing contracts with a new Director of Sales and 8 additional sales executives to staff its new expanded headquarters in Corona, California. This expansion will allow Acology to reach 40,000 potential customers every month.
Since the end of last year and the beginning of this year Acology has seen its global sales surge. Acology executives intend to accelerate the momentum throughout their product lines by focusing additional man-power on these expanding markets. Acology anticipates product-sales growth to escalate from its current level to 200 or 300% in the next 3 to 5 years. Current sales of hydroponic products in the US generated more than $650M in 2016 and experts indicate that number will grow in the next several years by 30 to 40% annually. Along with continued growth in the sales of its other medical and cannabis-centered products, conservative estimates are that hydroponic products alone could potentially add $5M net to Acology’s bottom line the next 2 years.
For investor or sales information please visit Acology Inc. and D&C Distributors online or by phone. The company is located in their production and distribution facility at 1620 Commerce St. Corona, California, 92880.
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