GET REAL USA, INC. (OTCMKTS:GTRL)‘s true commitment towards increasing shareholders’ value helped it take a big leap yesterday. The company’s CEO Thoman Beener said that he will forgo his entire salary for the calendar year 2015 in order to conserve capital for investment purposes.
Foregoing salary and other plans
Beener stated that GET REAL USA, INC. (OTCMKTS:GTRL) can grow only if its top executives allow its valuable capital to be used in growth rather than salaries. He added that the company needs to show growth, which can happen only through capital deployments. The company will focus on adding value to its business, stock and enhance market share and revenue throughout 2015. In this direction, GET REAL USA, INC. (OTCMKTS:GTRL) notified that its e-commerce platform will go live by April 30, 2015.
Meanwhile, the company plans to add up additional revenue streams through bringing in more suppliers for the product. Also, the company informed that it will continue to build the relationship with Amazon.com, which will contribute to drive sales. It clarified that making products available only on its own website will not fetch successful sales during the initial period and hence, the company’s presence on Amazon.com is equally important.
No revenues
GET REAL USA, INC. (OTCMKTS:GTRL) projected revenue of over $3,000,000 in the first year of operations. It said that the company will start generating both revenue and profits within a month, while it anticipates a significant rise in both parameters during the coming years. In its most recent filing, the company reported Zero revenues as on January 31, 2015. Its net income in the year 2014 and 2013 stood at $(3,000) and $(670,000) respectively.
The stock of GET REAL USA, INC. (OTCMKTS:GTRL) zoomed by over 53% to settle at $0.00460. The average volume of shares of the company stood at 662,128 on the day.
