It will be appropriate to state that ForeverGreen Worldwide Corp (OTCMKTS:FVRG) knows how to stay green, which is currently reflecting in its stock price. The company released a press note last week stating that it has explored various opportunities in the Middle East. The company’s interest in the region grew after its Vice President- Sales, Joe Jensen, concluded his tour and concluded that the region offers growth potential.
Foraying into Middle East
ForeverGreen Worldwide Corp (OTCMKTS:FVRG) mentioned that during his visit to the Middle East, Jensen met with local prospects, industry leaders, warehouse personnel, doctors along with several other individuals. The idea behind these meetings was to place appropriate people, who could take care of the operations. In this direction, Jensen also established local as well as regional shipping in Jordan, Kuwait, Saudi Arabia and the UAE.
Additionally, Jensen has also placed local shipping in Turkey and Israel and delivered product and leadership training. Furthermore, Jensen engaged the warehouse services of a local Sheik, which is a mandatory rule for establishing a business in Dubai, according to ForeverGreen Worldwide Corp (OTCMKTS:FVRG).
Apart from this, Jensen has proactively set up a team in Istanbul and tied-up with doctors for the marketing of the company’s products. As a result of Jensen efforts, ForeverGreen Worldwide Corp (OTCMKTS:FVRG) foresees immediate growth in Turkey, Lebanon, Dubai and Israel.
By looking at the track record, it appears that things are falling in right place for the company. ForeverGreen Worldwide Corp (OTCMKTS:FVRG) has already stunned the market in its latest fourth-quarter and annual report for 2014. As per which, the company grew its revenue by 229% from $17 million to $58 million year-over-year. Its gross profit too jumped by 253% to $45million, which is an incredible performance.
A more than 19% jump in the stock price of ForeverGreen Worldwide Corp (OTCMKTS:FVRG) to $1.49 is reassuring. The stock recorded average trade volume of 108,796 shares.