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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