Celsius Holdings, Inc. (OTCMKTS:CELH) has announced expansion of its distribution network through Life Time Fitness locations. The company’s negative calorie beverage would now be available countrywide. The beverage itself is one of a kind and is supported by 6-clinical studies. Consequently, the beverage is quickly becoming the no.1 choice for the health conscious customers. The expansion news comes a month after the company announced its 1Q2015 results, with revenues reaching $4.65 million, after a 20% increase.
The Celsius® is a leading product in the specialty beverage market and is known for its taste and the ability to burn 100-calories per can. Additionally, it makes an excellent substitute for high-calorie energy drinks. The beverage is a great blend of high-energy ingredients and fat burners, allowing it to provide with 93% fat loss. Keeping in mind the great health benefits of the drink, it is no wonder that the Life Time Fitness brand has agreed to partner for the distribution deal.
Previously, the company had already partnered with health and fitness clubs, like Gold’s Gym, Equinox and many others. The new addition just confirms that Celsius would soon dominate the market for healthy energy drinks. The recent expansion, soon after the announcement of the 1Q2015 results is only an assurance that the company plans to keep up the rising trend. However, it should be noted here that for the 1Q2015 Celsius experienced a greater surge in revenues from international sales, rather than national ones. In fact, domestic revenues actually declined from $1.59 million to $1.49 million. Gross profits registered an increase from 35.8% to 39.5%. Additionally, the company actually reported a net profit of $213,000, while for the same period in the previous year it had a net loss of $703,000. The company would hope that recent expansions would result in these numbers moving even higher.
Celsius Holdings, Inc. (OTCMKTS:CELH) reported an increase of 4.33% in its share value, after trading 68,746 shares in the market to reach a close at $2.65.
