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ForeverGreen Worldwide Reports 2010 Q2 Financials

^{Published on 2010-08-20 04:16:12 - Market Wire}
 

OREM, Utah--([ BUSINESS WIRE ])--ForeverGreen Worldwide Corp. (OTCBB: FVRG), [ www.forevergreen.com ], manufacturer and distributor of all natural whole foods, today announced that it has filed 2010 Q2 financial reports.

The company reported revenues of $2,423,082 during Q2 2010, ending 6/30/10 versus $3,330,979 during the comparable period in 2009.

The company reported a net loss of $95,427 or .01 EPS compared to a loss of $142,480 or .01 during the same period last year.

Additionally, Q2 2010 second quarter accomplishments include:

• Introduction of a new compensation plan, supplemented on 7/27/10, called aThe Peoplea™s Plana
• Company took steps for necessary cost reductions for future profitability
• Cost of sales was reduced to 67.0% compared to 70.8% during the same timeframe last year
• Introduced a new product, aPure,a a unique concentrate of unique marine phytoplankton product
• Concentrating on building high growth in international markets a" seeing Spanish speaking countries and Asia growth of over 10% per month

aForeverGreena™s international markets, especially Latin America, will help accelerate our growth and momentum as we move further into 2010. We believe that the opening of new markets as well as the introduction of new products and a new compensation plan bode well for our future. When coupled with the lowering overhead costs we look forward to a better financial situation as we head into the latter part of the year,a said Ron Williams, ForeverGreen CEO.

ForeverGreen Worldwide Corporation develops, manufactures and distributes an expansive line of all natural products to North America, Australia, Europe, Asia and South America.

Offerings include Azul and FrequenSeaa" whole-food beverages, A.I.M. Transfer Factor immune support, O3Worlda" weight management products, Pulse-8 powdered L-arginine formula, TRUessencea" Essential Oils and Apothecary, 24 Karat Chocolate®, and an entire catalog of meals, snacks, household cleaners and personal care products.

[ www.forevergreen.org ]

Forward-Looking Statements

This press release contains certain forward-looking statements. Investors are cautioned that certain statements in this release are "forward-looking statements" and involve both known and unknown risks, uncertainties and other factors. Such uncertainties include, among others, certain risks associated with the operation of the company described above. The company's actual results could differ materially from expected results.