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Acology Performance Strong in 1st Quarter, Business Triples
CORONA, CA -- (Marketwired) -- 05/18/16 -- Acology Inc. (OTC PINK: ACOL) released its 1st Quarter 10-Q of fiscal 2016 and announced sales exceeding $535K and a gross profit of $448K. That's up from the same period in 2015 by more than $245K. Acology also announced that the cost of sales were sharply reduced by more than half from the same period last year. Sales margins, which have always been one of the strongest suits of the company and its products, have continued to increase and show no signs of weakening.
Continued strong sales of their signature product, The MedTainer™, and the rapid expansion of Acology's distribution network have enabled the company to grow its now-global customer base. This combined distribution network of wholesalers, retailers and small operations now exceeds 2,000 and is growing monthly. One of the single most impressive achievements of the first quarter has been the sustained growth of the company at the same time that it is expanding both in its operative footprint and by adding new products and services to its' customers. Satisfaction with the company and its services is at an all-time high, exceeding a 97% rating.
Investors who have been watching the company and have been concerned with its apparent lack of movement can be assured that Acology is committed to growth and sustained sales success now and in the future. The attitude of management since the company's inception has always been to grow from the inside out and remain very confident that Acology is a solid venture now and for the foreseeable future.
This press release includes statements that are covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events they are subject to risks and uncertainties and actual results for fiscal year 201 and beyond could differ materially from the company's current expectations. Forward-looking statements are identified by such words as "anticipates", "projects", "expects", "planned", "intends" and "believes" "estimate" "targets" and other similar expressions that indicate trends and future events. It is understood that investment entails risk on the part of the investor and could result in the loss of some or all of his or her investment.
Acology Inc. and D&C Distributors are located in their distribution facility at 1620 Commerce St. Corona, California, 92880. Acology trades on the OTC under the call letters ACOL. The company's email is www.Acologyinc.com. Please send inquiries to info@acologyinc.com or call (844) ACOLOGY (844-226-5649)
Contact:
Jack Rein
714-335-0510
jrein@acologyinc.com
Source: Acology Inc. / D&C Distributors LLC
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