ML Capital Group 2017 $1 Million Sales Forecast
ML Capital Group (USOTC: MLCG) has carved out an underserved niche within the fragmented, and continuing to splinter, $2 trillion, and rapidly growing, travel industry. In 2000, international travelers number about 600,000,000. In 2015, the number of global travelers reached 1.2 billion and travel industry sales topped $2.1 TRILLION. Competition for a stake in the travel industry is driving super-segmentation with travel services offerings laser focused on specific target travelers defined by, for instance: a narrow age range; a delineated ethnic heritage; an obscure hobby; a religious orientation or a favorite literary figure – to name only a few. MLCG’s niche focus, LUXURY TRAVEL, crosses every segment.
Building On $400,000 In Annual Base Revenue
MLCG’s been honing its Luxury Travel services and making money doing it at the same time. Last summer (2016), MLCG took its first step in carving out the Luxury Travel niche when it acquired Platinum Tours Maui (PT Maui).
In 2014, PT Maui reported gross revenue of $168,971, followed by $392,000 in 2015. By September of 2016 gross revenue had already reached $385,653, or 98% of the annual income from the previous year.
Record 2016 Q4 Sales
In the fourth quarter of 2016, PT Maui introduced an affinity marketing program with a major financial industry brand name partner. The boost to existing growth resulted in record sales for the quarter.
On January 4th, MLCG announced an LOI with Spanish Peaks ScumpDelicacies and a partnership with Puration, Inc. (USOTC: PURA) as part of MLCG’s Luxury Travel Segment entry into the CANNABIS TOURISM sector. The move put MLCG on the map. The announcement drove nearly 100,000 hits to our website presentation on our Cannabis Tourism strategy.
$1,000,000 2017 Sales Forecast
Given our financial performance in 2016 and inparticular, our Q4 record sales, and based on the early response to our Cannabis Tourism pilot marketing, we are today announcing a preliminary 2017 sales forecast of $1,000,000.
Potential Upward Revision Following Q1 2017
We expect to soon announce our first two Cannabis Tours. We also anticipate ongoing accelerated growth from our new marketing programs in Hawaii. Following the announcement of the first two Cannabis Tours and seeing the response therefrom and after realizing the first quarter sales in Hawaii, management may consider an upward revision of the preliminary forecast announced today.
Mobile Eco Travel App Not Included In Current Forecast
MLCG has an Eco Travel App under development with an anticipated release expected later this year. The United Nations has declared 2017 as the Year of Sustainable Travel For Development and The New York Times recently published a feature article on sustainable development. Nobody says sustainable, eco-friendly travel can’t be first class. MLCG’s Eco Travel App has the potential to dwarf all other MLCG sales. The forecast announced today does not include any contribution from the Eco Travel App scheduled for release later this year.
Thank you for your interest in MLCG and please check back here at this website from time to time for periodic updates on the Company’s progress.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
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