Oliveda International, Inc. Announces Olive Tree People Subsidiary Surpassing $2 Million Daily Sales 18 Months After Launching in the U.S.

Rhea-AI Summary

Oliveda International, Inc. (OTC Pink: OLVI) has announced that its subsidiary, Olive Tree People, has achieved a significant milestone by surpassing $2 million in daily sales just 18 months after launching in the U.S. The company is poised for continued growth as it closes Q3 and enters Q4. Olive Tree People has successfully tapped into the waterless beauty movement, boasting over 35,000 Waterless Beauty Consultants with plans to reach 100,000 in the next 18 months.

The company is set to introduce its new hydroxytyrosol make-up brand, Olive Rose, in September to a select group of beauty experts and consultants. The official launch is scheduled for October 31, 2024, featuring 14 out of 34 shades of the Super Serum Hydroxytyrosol Skin Tints, representing a new generation of waterless skin products.

Positive

• Olive Tree People surpassed $2 million in daily sales within 18 months of U.S. launch
• Company has over 35,000 Waterless Beauty Consultants
• Targeting 100,000 Waterless Beauty Consultants in the next 18 months
• Launching new hydroxytyrosol make-up brand, Olive Rose, on October 31, 2024

Negative

• None.

Olive Tree People is on track to close Q3 and begin Q4 with continued significant revenue growth and is targeting 100,000 Waterless Beauty Consultants in the next 18 months

SANTA MONICA, CA, Sept. 03, 2024 (GLOBE NEWSWIRE) -- Oliveda International, Inc. (OTC Pink: OLVI) today announced that its Olive Tree People subsidiary has surpassed the $2 million in sales per day milestone after operating for only 18 months since launching in the U.S. and is on track to close Q3 and begin Q4 with continued significant growth.

Olive Tree People has grown into the waterless beauty movement in the U.S. with more than 35,000 Waterless Beauty Consultants currently with the goal of reaching 100,000 Waterless Beauty Consultants in the next 18 months.  

“The water we do not use in our products is brought to the people in Africa by building water wells since 2013,” said Founder and CEO Thomas Lommel.

In September, Olive Tree People will present the new hydroxytyrosol make-up brand, Olive Rose, to an exclusive and small circle of beauty experts and Waterless Beauty Consultants for the very first time. The brand will be based exclusively on the hydroxytyrosol from its own wildly growing mountain olive trees in the south of Spain.

The official launch of Olive Rose will take place on October 31, 2024, with 14 of a total of 34 different shades of the Super Serum Hydroxytyrosol Skin Tints, which represent a completely new generation of waterless skin tints.

About Oliveda International, Inc. 
Oliveda International, Inc. and its subsidiary, Olive Tree People Inc., as well as the European companies, Olive Tree People Europe AG and Oliveda Deutschland GmbH, as well as Olive Tree Farmers SL, were founded by the German real estate investor Thomas Lommel and have more than 20 years of experience in management and organic certification growing mountain olive trees, in the extraction of first-class, internationally award-winning extra virgin olive oils, the extraction of hydroxytyrosol, and in the production and distribution of cosmetic and holistic waterless products related to the olive tree. Lommel is the inventor of the Olive Tree Therapy 10 years in 14 days as well as the inventor of olive matcha, which is based on the ground olive leaf. Also unique is the coffee replacement developed by Lommel, which is based on olive leaf and hydroxytyrosol. In addition, Lommel is successfully active in the rapidly growing mindfulness industry with the olive tree sound bath meditation he developed and the frequencies of his olive trees, which he makes available worldwide.

In addition to the registered beauty brands, Oliveda and LA Dope, as well as Re:connected to Nature, The Intuition of Nature, and Olive Mush, to name just a few brands, Lommel is the region's largest conservationist and protector of over 30,000 one-hundred-year-old mountain olive trees, and, with his Thomas Lommel Foundation, he brings the water that he does not use into his waterless beauty products to the people of Africa by building water wells on site.

In addition to online sales and a Europe-wide branch network of thousands of retail stores, Oliveda Deutschland GmbH operates its own flagship stores in Berlin and Düsseldorf.

The brand's treatment concepts are unique worldwide, and their effectiveness has been confirmed by conventional medicine. Read our book The Olive Tree Therapy 10 Years in 14 Days. Waterless beauty has been called “The Next Big Thing” in articles in U.S. Vogue, Harper's Bazaar, InStyle, Elle, Madame, Forbes, and many other industry publications, as well as by Mintel, a world-leading futurology institute. Gigi Hadid and many other celebrities are already Oliveda fans and support its success.   Further information on Oliveda International, Inc. and its subsidiaries and associate companies and brands can be found at www.olivetreepeople.com

Forward-Looking Statements
This press release may contain statements, estimates or projections that constitute "forward-looking statements" pursuant to the safe harbor provisions of the U.S. federal securities laws. Generally, the words "believe," "expect," "intend," "estimate," "anticipate," "project," "will" and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties, which may be found in the Company’s filings with OTC Markets Group Inc., that could cause actual results to differ materially from the Company's historical experience and present expectations or projections. Investors should not place undue reliance on forward-looking statements, which speak only as of the date they are made.  The Company expressly disclaims any obligation or intention to publicly update or revise any forward-looking statements unless otherwise required by law.

FAQ

What is Olive Tree People's current daily sales figure?

Olive Tree People, a subsidiary of Oliveda International, Inc. (OTC Pink: OLVI), has surpassed $2 million in daily sales.

How long has Olive Tree People been operating in the U.S.?

Olive Tree People has been operating in the U.S. for 18 months since its launch.

How many Waterless Beauty Consultants does Olive Tree People currently have?

Olive Tree People currently has over 35,000 Waterless Beauty Consultants.

When will Olive Tree People launch its new Olive Rose make-up brand?

The official launch of the Olive Rose make-up brand is scheduled for October 31, 2024.