SUNRISE, Fla., Nov. 13, 2018 (GLOBE NEWSWIRE) — Profile Solutions, Inc. (OTC Pink: PSIQ) announced today that its wholly owned subsidiary, Elite Products International, Inc. (“Elite”), reported revenues for the nine months ending September 30th, 2018 of $636,717 compared to revenues of $74,739 for the nine months ending September 30th, 2017, representing an 850% increase. The financial statement can be viewed in its entirety at https://backend.otcmarkets.com/otcapi/company/financial-report/206270/content.
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“Very exciting times at PSIQ (1) Registration Statement filed on Form S-1 with the U.S. Securities and Exchange Commission (SEC) to register securities under the Securities Act of 1933 as the first step to becoming an SEC reporting company and uplisting to the OTCQB, (2) preliminary approval from the eSwatini Ministry of Economic Planning and Development to establish an exclusive growing farm and processing plant for medical CANNABIS & HEMP in The Kingdom of eSwatini f/k/a Swaziland (3) acquired the exclusive brick & mortar distribution rights to Cheech & Chong men’s grooming products with HEMP in the United States and Israel and today’s announcement of growing revenues is the result of executing our business plan to become a market leader in the worldwide CANNABIS & HEMP marketplace,” stated Dan Oran, Chief Executive Officer of PSIQ.