Grand
Capital Ventures, Inc. (OTC: GRCV)
(“the Company”) disclosed financial figures for its wholly-owned
subsidiary Yuka E-Commerce (“YUKA”), detailing revenue results for
January 2019 of over $825,000. In addition, the Company reported that
YUKA continues to add to its already extensive lineup of product
offerings while putting forward a plan to build up its sales results
month-over-month.
YUKA, an already prominent name in the e-commerce industry continues to
create forward momentum for the Company, with the current results coming
on the heels of its recently reported revenues of over $8.3 million for
fiscal year 2018. It’s a full-spectrum online brand building powerhouse
in the e-commerce industry, providing sales-and-marketing services that
include turnkey sales, customer support, and order processing and
fulfillment.
“The continued growth in revenues is the result of planning and
execution,” said CEO Meir ‘Miko’ Avitan. “Our market position remains
strong, and we have a solid roadmap for the future, even in the face of
expanding industry competition. Investor confidence is at an all-time
high as we move forward with ramping up our product offerings as well.”
E-commerce sales grew
by 15 percent in the U.S. alone last year, posing a significant
opportunity for YUKA and its parent Company. Grand Capital Ventures’
acquisition of YUKA is a result of such trends, prompting a corporate
restructuring earlier this year that has seen the Company look to
develop a stake in the growing
$2.86 trillion e-commerce market.
All pre-acquisition business operations of Grand Capital Ventures have
since been wound down or discontinued as a result of executive control
shifting to the management of YUKA. Meanwhile, the Company’s digital
presence, found on the web at www.Yukaecom.com,
is undergoing a series of enhancements to reflect the fact that YUKA is
now the principal operating company of Grand Capital Ventures, Inc.
About Yuka E-Commerce
Yuka is an e-commerce company dedicated to providing strategic sales
channels for brands looking to enter or expand in the global e-commerce
market. YUKA provides a full spectrum of brand building and
sales-and-marketing services to expand a client’s brand reach. Services
offered include not only comprehensive sales and marketing services, but
also operational sales and fulfillment logistics, and product and brand
photography.
About Grand Capital Ventures, Inc.
Grand Capital Ventures is a company with a historic focus in the
nurturing of companies demonstrating a positive upside while striving to
bring new technologies and unique products to their respective markets.
Safe Harbor Statement:
This release includes “forward-looking statements” within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section 21E
of the Securities Exchange Act of 1934. Certain statements set forth in
this press release constitute “forward-looking statements.”
Forward-looking statements include, without limitation, any statement
that may predict, forecast, indicate, or imply future results,
performance or achievements, and may contain the words “estimate,”
“project,” “intend,” “forecast,” “anticipate,” “plan,” “planning,”
“expect,” “believe,” “will likely,” “should,” “could,” “would,” “may,”
or words or expressions of similar meaning. Such statements are not
guarantees of future performance and are subject to risks and
uncertainties that could cause the company’s actual results and
financial position to differ materially from those included within the
forward-looking statements. Forward-looking statements involve risks and
uncertainties, including those relating to the Company’s ability to grow
its business. Actual results may differ materially from the results
predicted and reported results should not be considered as an indication
of future performance. The potential risks and uncertainties include,
among others, the Company’s limited operating history, the limited
financial resources, domestic or global economic conditions —
activities of competitors and the presence of new or additional
competition and conditions of equity markets.
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