Wholly-owned subsidiary, Yuka E-Commerce, accelerates its rate of
growth over 2018 when Company reported over $8 million in revenues
MIAMI–(BUSINESS WIRE)–Grand
Capital Ventures, Inc.’s (OTC: GRCV)
(“the Company”) wholly-owned subsidiary, Yuka E-Commerce (“YUKA”),
released first quarter 2019 financial results, reporting revenues of
$2.28 million. The numbers represented an increase in the pace of the
Company’s revenue growth over calendar year 2018 when it reported
revenues of over $8 million for YUKA.
To build sales this year, YUKA has used its unique industry position to
take advantage of online marketplace trends by creating strategic
partnerships through its “Flash Sales eCommerce Division.” With 80-plus
brands available on over 40 platforms, YUKA has already sold over 64,000
units, each earning a 4.5-star rating or higher from consumers. Hundreds
of these deals are run daily by YUKA.
“What we’ve done in the first three months of 2019 has been a testament
to both the hard work and planning of our team,” said CEO Meir ‘Miko’
Avitan. “We’re a known commodity in the e-commerce landscape, which
bodes well for our future and for our ability to increase the value of
our enterprise for our shareholders. We expect 2019 to be a
record-breaking year.”
The global
e-commerce market is going to reach $24.3 trillion by 2025, in no
small part due to technological advancements in big data and cloud-based
e-commerce platforms, along with advanced shipping and payment options.
Internet access along with a rise in consumer disposable income will
play a huge role in this projected rise also, and the Company is well
positioned to take advantage of this rise to the benefit of shareholders.
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. For more information, visit our website at www.Yukaecom.com.
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.
Contacts
Grand Capital Ventures, Inc.
305-902-9048
