SOHM, Inc. Announce Share Holder Update and Outlook for 2019
January 25 2019 - 11:32AM
InvestorsHub NewsWire
SOHM, Inc. Announce Share
Holder Update and Outlook for 2019
CHINO HILLS, CA -- January 18, 2019 -- InvestorsHub
NewsWire -- SOHM, Inc. (OTCPINK:SHMN),
a generic Pharmaceutical, Nutraceutical and Cosmeceutical
company that manufactures and markets generic drugs covering
numerous treatment categories, announced today some of developments
with the company which it started during 2017 and 2018 regarding
the outlook of the company for the year 2019 and beyond in their
reentry into the US OTC retail, prescription, contract
manufacturing and white label manufacturing and marketing
space.
SOHM, Inc. has been working with partners since August 2017 to
optimize SOHM's OTC, nutraceutical and prescription
products of its customer and own product sell-through distribution
partners in the huge retail and convenience store segments. As part
of the process, the company has made several alliance agreements
and contracts with suppliers as well as customers during 2018 and
same were updated through its press releases.
Furthermore, SOHM's OTC generic as well as skin care products
were introduced into the USA market between the year 2012 and 2015,
however, due to the heart attack and health leave of its then CEO,
the appropriate project launch was not carried out and was not
followed up by the company the way it was planned for several
years. Now the company has been working and reviving its old
distribution channels again during the year 2019 where SOHM's OTC
products were tested on shelves back in 2nd and 3rd quarters of the
year 2014. The company had received a very good response on its
pilot project.
The company also is in negotiation with one of pharma company
for the development of new products for them as well as for SOHM
and is working to introduce and plans to launch some more new
product segments in this year which is going to enhance the
company's ability to generate sustainable revenue and rapid growth
in 2019 and for the coming years.
Mr. Baron Night, President and CEO today states that SOHM has a
very good and encouraging operation going on along with a good
response from its existing contract and white label manufacturing
customers. The company expects some more orders from them during
this quarter as stated earlier. Mr. Night states that this
development will help the company go beyond its current revenues
and profitability during 2019.
The management anticipates and expects its revenue growth more
than doubling during the year 2019 compared to the year 2018 and
overall profitability of around 38% during the year 2019.
The management is not intending to conduct any reverse split but in
coming days/weeks and months, the company will be considering a
share buyback program. The company is in communication with its
counsel and at the appropriate time, the company may make an
announcement, if the company decides to pursue a buyback program
after appropriate due diligence and consultation from our legal
counsel. Current revenue and orders are enough for its ongoing
smooth operations. We are working as per our goals and plan as
stated earlier in our previous press release on September 21,
2018.
The company has remained transparent previously and we are
committed for transparency within guidelines and rules and working
consistently towards it. "Our operational and revenue generation
efforts are ongoing, and we are confident of achieving our revenue
target for the year 2019 and beyond", stated Mr. Night, President
and CEO.
About SOHM, Inc.
SOHM, Inc., is a growing generic pharmaceutical manufacturing
and marketing company with a vision "Globalè Prospèro" that tries
to build continuous growth. SOHM manufacturing and marketing
targets the rapidly growing healthcare segments such as
Nutraceuticals, Cosmeceuticals, and other major
therapeutic segments. SOHM is headquartered in North America with
manufacturing alliances in India as well as a strategic alliance
with US manufacturing facilities. Although SOHM's generic
pharmaceuticals are exported globally and were introduced to the
USA in early 2013, SOHM continues its focus on distribution to
emerging markets in Africa, Latin America, and Southeast Asia.
To know more about SOHM, Inc., visit www.SOHM.com
Safe Harbor Statement:
This news release contains "forward-looking statements", which
are statements that are not purely historical and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, the development, costs, and results of new
business opportunities. Actual results could differ from those
projected in any forward-looking statements due to numerous
factors. Such factors include, among others, the inherent
uncertainties associated with new projects and development stage
companies. These forward-looking statements are made as of the date
of this news release, and we assume no obligation to update the
forward-looking statements or to update the reasons why actual
results could differ from those projected in the forward-looking
statements. Although we believe that any beliefs, plans,
expectations, and intentions contained in this press release are
reasonable, there can be no assurance that any such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on for the most recent fiscal year, our quarterly reports
uploaded from time-to-time on OTCMarkets.com.
For more information, please contact:
SOHM, Inc.
714-522-6700
SOURCE: SOHM, Inc.
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