Oliveda International, Inc. Announces Plans to Provide over 1,000 Water Wells in Africa
Rhea-AI Summary
Oliveda International, Inc. (OTC Pink: OLVI) has announced plans to build 1,060 water wells in Tanzania, Africa over the next 10 years through its subsidiary, Olive Tree People Inc. Starting from 2025, the company aims to construct 106 wells annually in the Kilimanjaro region. This initiative is driven by the strong growth of Olive Tree People in 2024 and aligns with the company's philosophy of 're:connecting' with nature.
CEO Thomas Lommel emphasizes that this project is a partnership with the Maasai people, rather than development aid. The company views this as an exchange, bringing water to Africa while learning from the Maasai's connection to nature and ancient plant knowledge. This aligns with Oliveda's 'waterless beauty movement', where water not used in their products is redirected to benefit African communities.
Positive
- Plans to build 1,060 water wells in Tanzania over 10 years
- Strong growth reported for Olive Tree People Inc. subsidiary in 2024
- Potential for positive brand image and corporate social responsibility
Negative
- Significant long-term financial commitment to well-building project
- Potential diversion of resources from core business operations
News Market Reaction 1 Alert
On the day this news was published, OLVI declined 4.17%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
The water the company doesn’t use in its waterless beauty products it brings to the people of Africa by building water wells
SANTA MONICA, CA, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Oliveda International, Inc. (OTC Pink: OLVI) today announced that due to the strong growth of its Olive Tree People Inc. subsidiary, the Company intends to build 1,060 water well in the next 10 years in Tanzania, Africa.
Olive Tree People Inc. founder and CEO Thomas Lommel announced that from 2025 onwards, 106 water wells will be built annually in the Kilimanjaro region of Tanzania in order to be able to maintain the cycle from tree to beauty due to the strong growth of Olive Tree People in 2024.
“We believe in redefining beauty thanks to mother nature,” commented Mr. Lommel. “True beauty means to be ‘re:connected’ to our own nature and being aware of our uniqueness. Building wells means for us, first of all, partnership on equal terms and not development aid.
“The proud indigenous people of the Maasai would be much more able to provide us with development aid, as for hundreds of years they have cultivated and preserved the most valuable thing that we are increasingly losing – the connection to our nature and thus, the highest form of intelligence, intuition.
“We are grateful and honored to be able to capture this knowledge of original nature and ancient plant recipes and, in return, to build wells for the Maasai because the water we do not use in our products we bring to the people in Africa.
“Join our waterless beauty movement.”
More information about the Company’s “Oliveda for Africa Project” can be found at https://us.olivetreepeople.com/pages/for-africa.
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
How many water wells does Oliveda International (OLVI) plan to build in Africa?
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