SUNRISE, Fla., Jan. 23, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE --Elite Products International, Inc., a subsidiary of Profile Solutions, Inc. (OTC:PSIQ), jump starts the new year with an outstanding financial performance while attending the Big Industry Show as well as releasing noteworthy Elite Hemp Products.
On January 10th and 11th, 2018, the Elite Hemp Products brand presented at the Big Industry Show in South Florida. This trade show provides a wholesale marketing and distribution opportunity for the Smoke, Vape, Tobacco, Glass, E-Cigarette, Specialty Gift and Horticulture Industries. The Big Industry Show is known as one of the largest business to business events of the year with more than 700 companies in attendance and a large percentage of them looking for new products and companies in which to invest.
During this two day trade show, Elite Hemp Products generated in excess of $90,000.00 in purchase orders to qualified buyers. While sales were significant, they were not the sole purpose of attendance. Elite Hemp Products utilized this trade show to develop networks with a wealth of potential buyers. The company obtained 30 new accounts at the trade show alone. Notably, five of these are considered master distribution accounts with each selling to more than 5,000 retail locations.
"Our sales team's success was a fantastic, but not surprising achievement. We are hungry to prove that we are an industry leader with only the best quality and tasting hemp based products," exclaimed Elite Products International, Inc. Chief Executive Officer Shimon Fhima. As a result of the tremendous success at the Big Industry Show, Elite Hemp Products plans to participate in similar trade shows in the near future, reigning in new business and climbing in sales.
The much-anticipated success continues beyond the show. Recently, new products have been introduced and are expected to quickly increase revenues. As the cannabidiol (CBD) industry continues to expand, Elite Hemp Products will continuously stake its claim with innovative updates to the already extensive catalogue of products. Among these products are emerging, revolutionary items, such as CBD Honey, which is new to the CBD industry. Elite Hemp Products has also extended upon the countless medicinal benefits found in CBD (previously cited) to create Pain Cream (250mg), Pet Pain Away (300mg), and Hemp Supplement for Pets (300mg).
In the rapidly expanding CBD industry, innovation is crucial to success. Elite Hemp Products continues to contribute groundbreaking advancements in order to remain competitive in this growing industry. The CBD market is estimated to grow by 700% by 2020, according to Forbes. A new report by market intelligence firm Hemp Business Journal projects that the CBD market will grow to $2.1 billion by 2020, an astronomical jump in value compared to last year's CBD market of $202 million.
About Profile Solutions
Profile Solutions, Inc. through its subsidiary Elite Products International, Inc. is a leading distributor and manufacturer in the cannabinoid (CBD) industry. The Company's products contain cutting-edge CBD Hemp extracts in the form of edibles, creams, oils, and salves. Additionally, the company developed and currently has working prototypes of a climate controlled positive identification secure depository. The CannaSafe is based on remote key fob or fingerprint biometric access to the device. The Cannasafe was developed to store critical medications or valuables and keep them out of the reach of children or unauthorized access. Please visit the company website at www.profilesolutionsinc.com, Facebook at https://www.facebook.com/EliteProductsINTL/, Instagram https://www.instagram.com/elite_hemp/, Linkedin at https://www.linkedin.com/in/elite-hemp-products-3a863914a/,Twitter at https://twitter.com/EliteHemp_Intl and Blog: https://www.elitehempproducts.com/blog.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results or implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
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For information, please contact:
Dan Oran, President
Profile Solutions, Inc.
8411 West Oakland Park Blvd.
Suite 201
Sunrise, FL 33351
(844) 856-8838
Source: Profile Solutions, Inc.