Trimax Corp. (OTC Pink: TMXN) is engaged within the research, development, and commercialization of natural skin care consumer products. Shares of the consumer goods producer are surging 54.05%, through early trading on Wednesday, August 16, 2017. Over the past month, Trimax Corp. has seen average daily volume of 534,902 shares. However, volume of 16.61 million shares or dollar volume of $473,385, has already exchanged hands on Wednesday.
Shares of Trimax Corp. are rallying today, after the company reported strong second quarter 2017 earnings results. During the second quarter, the company saw gross revenues come in at $272,386, which was a 140% increase from a year ago and a 62% increase from the first quarter 2017 earnings results. Here is the full press release detailing of the earnings results:
Trimax Corp. Press Release:
CHATSWORTH, CA–(Marketwired – Aug 15, 2017) – Trimax Corp.nc. (OTC PINK: TMXN) (the “Company”) and its wholly owned subsidiary Saavy Naturals Inc., is pleased to announce increases in quarter-over- quarter (QOQ), year-over-year (YOY) and year-to-date (YTD) revenues in their second quarter 2017.
The company saw gross revenue increase from $167,685 in Q1 2017 to $272,386 in Q2 2017, resulting in a quarter-over-quarter increase of 62%. The Company also saw sales increase from $113,634 to $272,386 resulting in a 140% increase in their second quarter year-over-year revenues. Year-to-date, the company has experienced a 44% jump in sales going from $305,021 to $440,071 in gross revenues.
As previously reported, Justin Miloro was recently hired as the Company’s COO of their consumer division. Mr. Miloro brings over 25 years of sales and executive level management skills holding key executive positions with Whole Foods Markets, Mineral Fusion Natural Brands and Hugo Naturals.
The Company anticipates increased marketing efforts and greater diversification through distribution of their 100% all natural, vegan, chemical free, gluten-free, non-GMO and cruelty free body care product lines to retailers across the U.S. with Mr. Miloro at the helm. This timing is perfect as the Company approaches what they anticipate to be their biggest quarter during the 2017 holiday season.
Hugo Saavedra, CEO of Trimax Corp. and Saavy Naturals Inc., stated, “We are extremely pleased with the triple digit growth we have been experiencing in 2017. We continue to work aggressively on establishing new channels of product distribution, as well as, reaching out to online consumers directly through various online sales campaigns. With the recent hiring of Justin Miloro, we expect the ability to expedite our distribution opportunities and to ramp up sales going into the upcoming holiday season.” He also stated, “It is our priority to expand our footprint in order to continue with our triple digit growth which will eventually allow us the ability to turn the corner of profitability.”
Hugo and Debra Saavedra, Saavy Naturals Inc.’s, CEO and President, gained instant popularity for their all natural body care product line after being spotlighted and appearing on ABC’s hit show Shark Tank. The Sharks took an instant liking to Hugo and Debra, their love story, their previous success in the body care industry, and the superior quality of their all natural product. Hugo and Debra have since increased the company’s product line exposure with several highlighted television features on The Home Shopping Network and are currently working on additional television marketing opportunities for Savvy Naturals.
Saavy Naturals Inc. on Shark Tank:
Saavy Naturals Inc. on HSN:
About Trimax Corp.:
Trimax Corp., through its wholly owned subsidiary, Saavy Naturals Inc., offers a complete line of Natural Skin Care products, which includes body creams, body scrubs, body wash, shampoos, conditioners, handcrafted soaps, bath bombs, bath salts and candles. Saavy Naturals products are 100% natural, vegan, gluten-free, soy free, cruelty-free, non-GMO, and food-grade. Currently, Saavy Naturals can be found in some of the largest natural retail stores and exclusive boutiques and spas across the nation. Some of the retailers include Whole Foods Market in the Northeast and Southern California regions, Gelson’s Market, Vitamin Cottage, Bristol Farms, Erewhon, and Lazy Acres. Additionally, Saavy Naturals products can be purchased through numerous online retailers, including http://www.Amazon.com, and http://www.Saavynaturals.com.
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This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Trimax Corporation Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words “may,” “would,” “should,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Trimax Corporation Inc.’s ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. More information about the potential factors that could affect the business and financial results is and will be included in Trimax Corporation Inc.’s filings with the Securities and Exchange Commission.