GRCV Subsidiary Yuka E-Commerce Ends February with Over $750,000 in Revenue
MIAMI--(BUSINESS WIRE)--May 8, 2019--Grand Capital Ventures, Inc. (OTC: GRCV ) (“the Company”) continued to prove its restructuring to be a commercial and financial success as the Company disclosed that its wholly-owned subsidiary Yuka E-Commerce (“YUKA”) reported overall February revenues in excess of $750,000. A newly-adopted e-commerce strategy, along with an expansion of YUKA’s already robust product lineup netted the Company significant financial results in just 28 days, showing management’s ability to execute on previously disclosed plans that are building sales month-over-month.
YUKA once again pushed GRCV forward with January and February revenues now totaling over $1,575,000. The current year’s results compare solidly with 2018 when GRCV reported fiscal year revenues of over $8.3 million.
An already established name in the e-commerce industry, YUKA has turned GRCV into a full-fledged owner of an online brand building powerhouse, one that is becoming well-known for providing sales-and-marketing services that include turnkey sales, customer support, and order processing and fulfillment.
“Our revenues are a reflection of not only our strategic planning and execution but of the goodwill that comes with the YUKA name in the e-commerce industry,” said CEO Meir ‘Miko’ Avitan. “We’ve built a trusted, reliable brand, one that we believe will provide shareholders with a return on their investment long into the future.”
GRCV and YUKA see a significant opportunity to scale the business, as management heeds current reports that e-commerce sales grew by 15 percent in the U.S. over the past year. Such growth was the foundation for the Company’s corporate restructuring earlier this year, as it looks to claim a stake in the growing $2.86 trillion e-commerce market.
All pre-acquisition business operations of Grand Capital Ventures have since been wound down or discontinued as a result of executive control shifting to the management of YUKA. Meanwhile, the Company’s digital presence, found on the web at www.Yukaecom.com, is undergoing a series of enhancements to reflect the fact that YUKA is now the principal operating company of Grand Capital Ventures, Inc.
About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales channels for brands looking to enter or expand in the global e-commerce market. YUKA provides a full spectrum of brand building and sales-and-marketing services to expand a client’s brand reach. Services offered include not only comprehensive sales and marketing services, but also operational sales and fulfillment logistics, and product and brand photography.
About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the nurturing of companies demonstrating a positive upside while striving to bring new technologies and unique products to their respective markets.
Safe Harbor Statement:
This release includes “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. Certain statements set forth in this press release constitute “forward-looking statements.” Forward-looking statements include, without limitation, any statement that may predict, forecast, indicate, or imply future results, performance or achievements, and may contain the words “estimate,” “project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,” “expect,” “believe,” “will likely,” “should,” “could,” “would,” “may,” or words or expressions of similar meaning. Such statements are not guarantees of future performance and are subject to risks and uncertainties that could cause the company’s actual results and financial position to differ materially from those included within the forward-looking statements. Forward-looking statements involve risks and uncertainties, including those relating to the Company’s ability to grow its business. Actual results may differ materially from the results predicted and reported results should not be considered as an indication of future performance. The potential risks and uncertainties include, among others, the Company’s limited operating history, the limited financial resources, domestic or global economic conditions -- activities of competitors and the presence of new or additional competition and conditions of equity markets.
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CONTACT: Grand Capital Ventures, Inc.
KEYWORD: UNITED STATES NORTH AMERICA FLORIDA
INDUSTRY KEYWORD: ONLINE RETAIL RETAIL COMMUNICATIONS MARKETING
SOURCE: Grand Capital Ventures, Inc.
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PUB: 05/08/2019 08:00 AM/DISC: 05/08/2019 08:01 AM