SOURCE: American Green, Inc.

American Green, Inc.

February 04, 2016 08:00 ET

American Green Revenue Forecast for 2016

TEMPE, AZ--(Marketwired - Feb 4, 2016) - American Green, Inc. (OTC PINK: ERBB) today announced its 2016 revenue forecast for both calendar and fiscal year-ends.

"As shareholders have noted from our releases over the last couple of months, we have reviewed our new approach to the cannabis market and how American Green will drive revenues this year and beyond. Based on the initiatives that we have in place at this moment, and those that we are working on in the near-term, we forecast operating margins of $300,000 on revenues of $750,000 for calendar year 2016 and $600,000 on $1,500,000 revenues for our June 30th fiscal year-end," stated Jonathan Miller, American Green CEO. "We plan to grow our branding program throughout the second and third quarters whereas our investment, financing, and consulting agreements will begin to see revenues in third and fourth quarters of this year. Operational margin is healthy through the period as internal costs are controlled and revenues will be primarily generated from fees; thus, our reliance on outside financing will diminish."

The branding program will account for 25% of revenues and the balance from investment, leasing and consulting services. Into 2017, and our June 30 tax year-end, revenues are forecast to increase as our initiatives scale, with numbers from this period to be released as soon as the company can reliably do so.

"As previously mentioned, current initiatives will be the models for expansion. Within three months, we will be able to enter other markets with our branding program with a fully tested, consistent, and attractive look and feel. We have options on the table for investments in Oregon and Colorado that we are working diligently to close this summer," Miller said. "This forecast should be considered conservative as expansion into other states with additional branding, investing, and managing contracts will likely occur in 2016. We have not included those revenues in this forecast."

In other news, Jonathan Miller, American Green CEO, held another very well-attended conference call with our shareholders this past Tuesday, February 2ndIf you missed the call, you can hear it online at https://fccdl.in/XSPNC3VL2 or by dialing 641-715-3580, Access Code: 672-528  Reference: 2

Be sure to visit the company's website at www.americangreen.com and sign up for the company's EMAIL ALERTS to stay current on news and be alerted when the next CEO Conference for ERBB shareholders is happening.

Shareholders and interest holders may also stay current with American Green Updates by going to the American Green website at www.americangreen.com, or by going directly to http://americangreen.com/contact-us to sign up.

NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's Securities and Exchange Commission reports and filings. Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which they are made.

About American Green, Corp.
American Green, Corp., became, in 2009, one of the first publicly traded technology companies in the cannabis industry. Now, with over 50,000 individual shareholders, more than any other company in the cannabis sector, American Green's mission is to lead the cannabis industry. Leveraging our team of professionals in cultivation, manufacturing, extraction, wholesale, retail, and community outreach, we strive to develop sustainable initiatives, while increasing shareholder value, and company profit.

Contact Information

  • Contact:
    American Green, Inc.
    Investor Relations
    1221 W Warner Rd, Suite 103
    Tempe, AZ 85284
    480-443-1600 X555