Las Vegas, NV -- (SBWIRE) -- 04/25/2013 -- Growlife Inc(OTC:PHOT) recently announced that for its awaiting acquisition process of the joint operations of Rock Mountains Hydroponics, LLC., Evergreen Garden Centers, LLC., and 58Hydro.com from Gemini Master Fund Ltd based in California, has fortified the essential financing obligations.
In the recent released Annual Report, the revenue guidance provided is to be adjusted as the company believes that the revenue showed did not depict the fully-financed acquisition and the subsequent increase in the revenue.
The properties that are to be acquired accounted for over $4 million last year in revenue. In GrowLife Inc Annual Report the projected sales for 2013 lie between the range of $3.9 million and $4.3 million which do not include any impact of the development of the business of GrowLife Inc through its acquisitions. These projections are entirely grounded on past data and its extrapolation.
Growlife is excited about to start the implementation of increased purchases and sales and see the significant expertise this pending acquisition will bring to the company.
To find out what OTCMAGIC projects for Growlife, Inc., for both short term and long term please click here: PHOT
OTCMAGIC Spends all day scouring the markets for the next huge Penny Stock Winner. Investors have come to trust us for our up to date commentary on all hot stocks so please visit OTCMAGIC right now and see what it’s all about for yourself! At 30,000 Visitors a Month and growing rapidly OTCMAGIC is the hottest thing in hot stock!
Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. PLEASE NOTE: OTCMagic.com employees are not registered as an Investment Advisor in any jurisdiction whatsoever. Full disclaimer can be read at http://OTCMagic.com/disclaimer. Release of Liability: Through use of this website viewing or using you agree to hold OTCMagic.com, its operators owners and employees harmless and to completely release them from any and all liability due to any and all loss monetary or otherwise, damage monetary or otherwise, or injury (monetary or otherwise) that you may incur. The information contained herein is based on sources which we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. OTCMagic.com affiliates may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. OTCMagic.com encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and OTCMagic.com. We make no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies. This is not a solicitation to buy or sell any securities. Any claims or Statements should be deemed hypothetical. OTCMagic.com, nor any of its affiliates are not registered investment advisors or broker dealers.