Newage Inc (NASDAQ:NBEV) generated $90.4 million (up 53% YoY) in Q4 2020. Its US operations and DSD contributed 11% and 15% growth, respectively, in Q4 2020.
CEO of Newage, Brent Willis, said the company generated almost half a billion dollars in revenues from pro forma in 2020. The company fortified its execution capabilities and strengthened its management teams that support organic growth in 2021.
Brent further said Newage is experiencing significant growth in Mexico, the US, and Western Europe. It is also experiencing a resurging growth in Japan and China in Q1 2021.
Signs LOI to takeover Aliven
Newage entered a Letter of Intent to takeover Tokyo, Japan-based Aliven Inc, the direct selling firm. The takeover will add annualized revenues of $20 million. It commands a customer base of over 100,000.
Aliven is established 15 years ago in Tokyo and steered by Yasuyuki Oi, who maintains excellent relationships with industry officials and the Japanese Government. Yasuyuki said the company is pleased to integrate with the team of Newage, which is a disruptor and global leader in direct and social sales. He further said Aliven will benefit from the global reach and expanding portfolio of Newage.
Its product line comprises Nutritional Products and Skin Care products blended with cultured stem cells. The patented FTP (Far-Infrared technology products) of Aliven stimulates nitric oxide production to promote blood flow. It reduces localized pain and ensures muscle recovery.
As per the terms of the deal, Newage will issue 1 million common shares to Aliven. Newage expects to sign a definitive agreement soon.
Newage will focus on its key strategies like converging with ARIIX and lower operating costs besides improving the social selling platform. It focuses on collaboration and acquisition opportunities to drive growth and reward shareholders with rich dividends.
Following the merger of ARIIX, its CEO – Fred Cooper, will join the board of directors of Newage. Fred said the company is well-positioned to become a worldwide distribution and social selling platform and continues to disrupt the industry. The teams will play a vital role in promoting organic growth through access to more products and markets.