Olive Tree People Inc. Announces Over 31% Revenue Growth for 2021 and Plans Acquisition to Develop Mindfulness App for Mental Health
Santa Monica, CA, June 13, 2022 (GLOBE NEWSWIRE) — Olive Tree People Inc., a leading international innovator in natural personal care and wearable beauty and health technology, is pleased to announce that the Company grew at an above-average rate of more than 31% in 2021 despite extreme conditions such as lockdowns, store closures, and many other challenges. In addition to this continued growth, the Company is also preparing to acquire a technology company that will be responsible for developing a mental health mindfulness app that will be the first step in connecting 1 million people to their nature in real time.
Olive Tree People Inc., with a valuation of $95 million, is a subsidiary of Oliveda International Inc. (OTC Pink: OLVI) and is currently offering common shares at a price of $1.25 per share as part of a Regulation A+ Tier 2 offering to raise up to $15 million. Interested investors can now invest at https://republic.com/olive-tree-people.
About Olive Tree People Inc.
Olive Tree People Inc., a subsidiary of Oliveda International, Inc., listed under the stock symbol OLVI, with subsidiaries such as Oliveda Deutschland GmbH, with over 20 years of experience in the manufacture and distribution of cosmetic and holistic waterless products. Olive Tree People Inc., founded by German real estate investor Thomas Lommel, is a leading international natural cosmetics company in the premium segment. The company also has wearable beauty and health technology unique in the world. In addition to online sales and a worldwide branch network of 650 retail stores, Oliveda Deutschland GmbH operates flagship stores, the Olive Tree Pharmacy, in Berlin and Düsseldorf. Overall, the company assumes that it will be able to operate a total of 60 of its own flagship stores worldwide in the next five years and increase the branch network to 1,200 worldwide. Through its subsidiaries, Olive Tree People is the largest investor in organic certified mountain olive trees as well as the largest conservationist in Arroyomolinos de Leó, Spain. Additional information about the Company is available at http://www.oliveda.com, https://us.oliveda.com and http://www.olivetreepeople.com.
Forward-Looking Statements
This press release may contain statements, estimates or projections that constitute “forward-looking statements” pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words “believe,” “expect,” “intend,” “estimate,” “anticipate,” “project,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties, which may be found in the Company’s filings with the Securities and Exchange Commission, that could cause actual results to differ materially from the Company’s historical experience and present expectations or projections. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made. The Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statements unless otherwise required by law.
CONTACT: OLVI Investor Relations +1 619-202-7456 [email protected]
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