MOUNT PLEASANT, UT / ACCESSWIRE / April 29, 2015 / Green PolkaDot Box Incorporated (PINKSHEETS: GPDB) announced today that its Board of Directors has approved a plan to purchase back as many as one million shares of its common stock, representing up to 60% of its shares in the public float.
Commenting on the decision, GPDB CEO, Rod Smith stated, “The current price is ridiculously low in light of our recent achievements and expectations for significant growth this year. Given the underlying strength of GPDB business and the recent turbulence in the equity markets, we think our current stock price is undervalued. Therefore, we believe the stock buy-back program is in the best interests of our stockholders.”
“Look at it this way,” says Smith, “2,000 Health Merchants x 1,000 customers shopping monthly, spending their grocery budget on CLEAN foods…do the math. It doesn’t take long to understand why we are going to start buying back our common stock in the public float!”
The Board’s decision came at the same time GPDB announces the launch of its national Health Merchant Enrollment Tour to establish 2,000 Health Merchants across the country. Rod Smith and “the Company plans to promote enrollment in 23 cities beginning on May 13th in the greater Salt Lake City area of Utah and continuing through Florida, New York, Massachusetts, South Carolina, Illinois, Texas, Minnesota, Colorado, Arizona, Washington and California. “And back again,” Smith adds, “until we achieve our goal before the end of the 2nd quarter.”
Smith will be on the road meeting with audiences in each city. Audiences will be comprised of 200-300 alternative health care practitioners, chiropractors, health store owners, farmers market administrators, pharmacists, health and lifestyle bloggers, nutritionists, health coaches, dieticians, personal fitness trainers, social media moms, association directors and non-profit administrators-all of who are potential Health Merchants.
“We know from our extensive testing early this year, and from accumulated market experience, that there is a growing demand for CLEAN foods,” says Smith. “Our Health Merchant program empowers individuals, businesses and organizations to educate health-minded consumers within their spheres of influence and provide CLEAN foods at the lowest prices, guaranteed.”
An example of the kind of influence over consumers Smith is talking can be found with Moms Across America (MAA) that signed last week to become a Health Merchant. MAA is a national coalition of “Unstoppable Moms” committed to empowering millions to educate themselves about genetically modified organisms (GMO) and related pesticides, to get GMO in foods labeled and offer GMO-free and Organic solutions. They are marching for the future of food, the health of our country’s children and national right to know what is in our food. MAA is attracting thousands of health-minded, caring Moms who make personal commitments to purchase CLEAN foods, exclusively, and volunteer to actively promote public awareness about the contaminated food issue and invite more Moms to unite forces.
Through the Health Merchant(TM) program MAA can provide CLEAN eating Organic and Non-GMO foods-at the lowest prices in America, guaranteed-under its own brand, on its own storefront, directly to its Moms who represent a powerful buying collective. To see a sample depiction of the organization’s online store go to: Moms Across America Storefront
MAA earns 10% on all orders received to use proceeds in support of its mission.
Smith expects that more than 2,000 Health Merchants will sign up during the national enrollment drive by the end of June, each paying $1,995 for the distributorship and committing to a $100 monthly service fee. “But that is just the beginning,” Smith explains. “Our Health Merchants have the built-in trust of their clients, customers, patients and constituents. They will respond to our CLEAN food offering through their local Health Merchant. Every Health Merchant(TM) is an instant sales channel for us to bring in CLEAN food consumers by the hundreds and thousands.”
About Green PolkaDot Box
Green PolkaDot Box is America’s premier online buying collective for organic and non-GMO natural foods at wholesale pricing. The Company leverages proprietary technology and products with its dynamic, interactive website and customer relationship management software to provide a unique shopping experience. The Company also empowers other businesses and organizations to establish an online Health Merchant store-a non-stocking distributorship-for their own benefit. For more information on Green PolkaDot Box, please visit: www.greenpolkadotbox.com.
Safe Harbor Statement
This release includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as GPDB or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates,” “Plans” or other words or phrases of similar import. Similarly, statements herein that describe the Company’s business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements.
Investors Relations Contact
Rod Smith
CEO/Green PolkaDot Box Incorporated
(801) 787-8835
rsmith@greenpolkadotbox.com
SOURCE: Green PolkaDot Box Incorporated
ReleaseID: 428312
