|[June 26, 2014]
Vestiage Secures $10 Million in Advertising Funding from Media Funding Group
NEWPORT BEACH, Calif. --(Business Wire)--
Vestiage™, Inc. ("VEST"), the "Healthy-Aging" Company, announced today
that it has re-negotiated its agreement with Media Funding Group and
secured an expanded commitment of $10 million in total media from Media
Funding Group, a NWBB company. The funds will be made available
immediately. Media Funding Group provides advertising expertise and
private funding access for advertising and marketing campaigns.
"After getting more deeply involved with Vestiage, and seeing the growth
in their commitments from national and other retailers, it made sense
for Vestiage and Media Funding Group to structure a solution that
covered both direct response advertising and supported the retail
expansion and branding needs of RegiMEN™ and future brand launches,"
said Marc Hatch, the Media Funding Group Vice President of Funding.
Scott Kimball, CEO of Vestiage, Inc. said, "We recently have experienced
a swell in commitments from national and other retailers for the RegiMEN
brand. In order to meet the changing media needs of our Company to
support this expanding retail presence, we were able to secure an
increase in the funding commitment from Media Funding Group that also
covers brand and retail oriented advertising. Our RegiMEN television
commercial is now entering production and we expect to begin airing it
in August. In the meantime, we will continue to spend on national radio
Vestiage sells RegiMEN in both the retail and direct-to-consumer
channels. In the first quarter of 2014, the Company started its national
radio campaign for the RegiMEN brand and saw strong initial acceptance
from consumers as evidenced by an increase in gross revenue with both
retail and direct response revenue growth contributing to the increase
in sales. Additionally, the RegiMEN brand experienced good retention in
monthly reorders. The Company is currently executing on a national
retail rollout strategy that began February 3, 2014. RegiMEN is
currently available at www.RegiMENLife.com
and at select GNC and all Hi Health retail stores.
About Media Funding Group
Media Funding Group provides private funding access for Advertising and
Marketing campaigns in exchange for a flexible blend of re-payment
options including Equity Participation, Revenue Sharing or flexible
payments on Revolving Credit Lines. For more information, please visit www.mediafundinggroup.com
or call 1-360-835-1270.
Vestiage™ (stock symbol "VEST")
is a publicly traded healthy aging company. The Company offers premium
branded science-based nutraceuticals to a premium consumer base through
multiple channels. The Company is a sales, marketing, and distribution
company specializing in bringing science-based products to the healthy
aging consumer. The Company utilizes key partners to integrate
production, fulfillment, customer service, advertising, sales, media,
marketing, distribution, new product development and acquisitions.
Vestiage is focused on the use of the best ingredients from the ocean
and earth, including cutting edge, patented, clinically proven
ingredients to produce highly potent, and elegantly formulated products.
Using potency and novel ingredient combinations, Vestiage™ creates and
distributes nutraceuticals such as RegiMEN for men (www.BuyRegimen.com)
and the multifunctional Monterey Bay Nutraceuticals line for women. (www.MontereyBayNutra.com).
Vestiage™ brands address the top "in demand" healthy aging concerns of
men and women. Vestiage™ research is focused on extending the active
period of a human life covering both the cognitive and physical realms.
To learn more, visit the Company website, www.vestiageinc.com.
As with many fast growing companies, our growth is dependent upon
adequate funding for inventory, media, general overhead, professional
fees, technology, salaries and other expenses related to the business.
Should we be unable in the future to obtain appropriate funding to pay
our expenses and media at current levels, our growth, and our financial
stability, may be negatively impacted.
This Press Release contains forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995 with
respect to our financial condition, results of operations and business.
These forward looking statements can be identified by the use of terms
such as "believe," "expects," "plan," "intend," "may," "will," "should,"
"can," or "anticipates," or the negative thereof, or variations thereon,
or comparable terminology, or by discussions of strategy. These
statements involve known and unknown risks, uncertainties and other
factors that may cause industry trends or our actual results to be
materially different from any future results expressed or implied by
these statements. Important factors that may cause our results to differ
from these forward-looking statements include, but are not limited to:
(i) changes in or new government regulations or increased enforcement of
the same, (ii) unavailability of desirable acquisitions or inability to
complete them, (iii) increased costs, including from increased raw
material or energy prices, (iv) changes in general worldwide economic or
political conditions, (v) adverse publicity or negative consumer
perception regarding nutritional supplements, anti-aging or stem cell
facial care products or stem cell technology in general, (vi) issues
with obtaining raw materials of adequate quality or quantity, (vii)
litigation and claims, including product liability, intellectual
property and other types, (viii) disruptions from or following
acquisitions including the loss of customers, (ix) increased
competition, (x) slow or negative growth in the anti-aging or cosmetics,
beauty, or nutritional supplement industry or the healthy foods or
anti-aging channel, (xi) the loss of key personnel or the inability to
manage our operations efficiently, (xii) problems with information
management systems, manufacturing efficiencies and operations, (xiii)
insurance coverage issues, (xiv) the volatility of the stock market
generally and of our stock specifically, (xv) increases in the cost of
borrowings or unavailability of additional debt or equity capital, or
both, or fluctuations in foreign currencies, and (xvi) interruption of
business or negative impact on sales and earnings due to acts of God,
acts of war, terrorism, bio-terrorism, civil unrest and other factors
outside of our control.
[ Back To Technology News's Homepage ]