RLV News August 1 2019 2019-08-01 09:41 ET - News Release
MONTREAL, Aug. 01, 2019 (GLOBE NEWSWIRE) -- Relevium Technologies Inc. (TSX.V: “RLV”, OTCQB: “RLLVF” and Frankfurt: “6BX”) (the “Company” or “Relevium”), is pleased to announce that the company hit a record high in monthly sales in the month of July 2019 for its Bioganix® branded OTC business. The Company’s revenues for the month increased by 46% from the previous month, by 28% from same month last year and by 34% from the average monthly revenues since 2017.
“This record high in monthly sales was driven primarily by higher customer subscriptions, awareness optimization in the UK and the successful and recent launch of PushPullSystemTM, CardiaPro® and VisionPro®, a new series of high-end wellness products.” stated Abis Hussain, Chief Marketing Officer at Relevium.
CardiaPro® and VisionPro®
The Company launched two exclusive, evidence-based formulations of Provinal® Omega 7 targeting heart health and vision care earlier last month and the products continue to gain initial acceptance by existing and new customers of the Bioganix® brand.
CardioPro® with Provinal® has been clinically proven to support healthy LDL and HDL cholesterol, triglyceride, and C-reactive protein (CRP) levels, four main biomarkers of heart. VisionPro® is a complete eye health formulation that targets Dry Eye Relief and blue light protection while supporting overall vision health. Both products are expected to become available in Canada and the UK by the second fiscal quarter of this year.
Push and Pull SystemTM
Launched in beta testing during the last quarter and aimed at the Hispanic market in the US, the Push and Pull anti-aging system has performed well in DTR and is gaining momentum through social media marketing. The Company will continue to test distribution channels and to optimize its online presence and social media outreach over the next quarter when additional products are expected to be added to the current offering. Additionally, the Company is expected to launch the product to all US consumers by launching its English presence on the web and on social media.
Update on Hemp Derived Products
In the US and Europe, the health agencies have yet to develop a clear framework for the sale of CBD products. In the US, the FDA has prohibited the sale of CBD in supplements until it declares its final position on the safety status of the cannabinoid as an ingredient.
“The Company expects the current sales growth to continue to trend upwards in the OTC business, but management is taking a responsible approach in waiting for the final position by the FDA on the use of CBD on supplements and skin care. We are ready with a complete new line of exclusive nutraceuticals under its Bioganix® brand and under LeefyLyfe which will comprise of high-end organic broad spectrum hemp products and superfoods.” stated Aurelio Useche, CEO at Relevium.