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SANTA ANA, CA--(Marketwired - Jan 11, 2016) - ADVANTIS CORPORATION (
Foti has decidedly changed the face of the company. He has relocated corporate offices, acquired new machinery for proprietary product production, and changed the name and symbol of the company to better reflect the diversified strategy Advantis is implementing. "We have been working diligently to develop business partnerships and negotiating with several companies to bring into the Advantis family," CEO, Jeremy Foti reflected. "We secured distribution agreements with CleanVD®, LipMed RX, and Innovative Merchandising Solutions. Most recently, we signed agreements with the southern California 7/11 Union 76 gas station to sell the LipMed RX products through their store. We are establishing a strong foothold with our product distribution partners and there is more exciting news yet to come." Foti has delivered on nearly every goal he set, and revels in his ability to achieve success while overcoming challenges.
One of the developments of 2015, the acquisition of the 20L Supercritical CO2 extraction machine, has been slightly delayed. Announced in September, the device was to be fully operational within 90 days of acquisition, however unforeseen events related to the property the device was to be housed in has delayed its delivery and operation. Vice President and operational leader, Geoffrey Broderick, updated the status of the device, saying, "We were hoping to secure that Flint, Michigan property we announced at the end of the 3rd quarter, however the property savings versus the increased cost of geographic challenges and the lack of ability to use the space for both production and distribution proved to be untenable." Broderick later commented on the current status of the search for a new production and distribution facility, stating, "We have just moved our corporate offices here to the highly desired Griffin Towers in Santa Ana. We are actively searching for a facility closer to our home office to house the (Supercritical CO2) machine, commence production, and utilize the space as our distribution hub, as well. The facility we secure should be fully operational by the end of Q2."
CEO, Jeremy Foti, impressed upon the company's ability to pivot in the face of challenges. "I am excited to see the goals we set in 2015 come to fruition in 2016," Foti said. "We may change strategy when conditions require, but our direction remains the same. Our diversified strategy will secure several different revenue streams that will ensure ongoing corporate growth and stability. We continue to expand our distribution channels and product lines, and 2016 will see several Advantis branded products enter the marketplace. This is an exciting time for Advantis." The new company headquarters are located at 5 Hutton Center Drive, 10th Floor; Santa Ana, California 92707.
ABOUT Advantis Corporation
Advantis Corporation (ADVT) focuses on the development of innovative products that supply the medical, research, and pharmaceutical industries. The company additionally establishes domestic and international partnerships with businesses that develop and sell proprietary consumer products and services. Product lines for consumer health care, music and entertainment sectors are in development. Advantis Corp. Recaps 2015, Moves Corporate Office
Forward Looking Statements: This news release contains forward-looking statements made by ADVANTIS CORPORATION. All such statements included in this press release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Actual results may differ materially from those indicated by these statements. The following risk factors, among others, could cause actual results to differ materially from those described in any forward- looking statements. These risks and uncertainties include, but are not limited to, economic conditions, changes in the law or regulations, demand for products of the Company, the effects of competition and other factors that could cause actual results to differ materially from those projected or represented in the forward looking statements. Forward- looking statements are typically identified by the words: believe, expect, anticipate, intend, estimate, and similar expressions or which by their nature refer to future events. The Company is not entitled to rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 because it is not registered under either Act.
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Media Relations Contact
Name: Woo Kim, Director
Organization: Advantis Corporation
Address: 18400 Von Karman Ave, Suite 1000; Irvine, CA 92612