OMID Acquires Champ Life Brand
News provided by
Share this article
Share this article
Alpha, N.J., April 20, 2021 /PRNewswire/ Today, OMID Holdings, Inc. (OTC Pink: OMID) is pleased to announce its acquisition of a new health and wellness brand: Champ Life. The brand has been wholly-acquired without any net change to the issued and outstanding share structure of OMID. As part of the transaction, the Seller is expected to support various activities related to the launch and future growth of Champ Life, receiving 5% of net revenues from sales. Under certain circumstances, this royalty may be eliminated at the option of OMID management as part of a sale of the brand or following any calendar year wherein Champ Life achieves over $1,000,000 in net revenue.
Share this article
Share this article
ALPHA, N.J., April 15, 2021 /PRNewswire/ Today, OMID Holdings, Inc. (OTC Pink: OMID) has completed an initial financial review of its first quarter operations. The Unaudited Key Financial Highlights are provided below for the Three Months Ended March 31, 2021.
Revenue for the current period was $278,124 compared to $21,108 for the three months ended March 31, 2020, a 1217.6% improvement from the same quarter in 2020.
Gross Profit for the current period was $139,126, compared to $3,880 for the three months ended March 31, 2020, a 3485.7% improvement from the same quarter in 2020.
Net income before income taxes for the current period was $47,526, compared to a loss of $20,896 for the same period last year, a 327.4% improvement.
OMID Holdings Discloses New Corporate Initiatives yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Share this article
Share this article
ALPHA, N.J., Jan. 14, 2021 /PRNewswire/ OMID Holdings, Inc. (OTC Pink: OMID), a publicly-traded health and wellness company, today provides Unaudited Key Financial Highlights for the fourth quarter.
Operating Results for the Three Months Ended: December 31, 2020
Revenue was $489,146, compared to $18,658 for the same period last year, a 2534.3% improvement.
Gross Profit was $287,085, compared $3,586 for the same period last year, a 7905.7% improvement.
Net income was $240,523, compared to ($27,324) for the same period last year, a 980.3% improvement.
Operating Results for the Twelve Months Ended: December 31, 2020
Revenue was $1,330,068, compared to $530,133 for the same period last year, a 150.9% improvement.
Gross Profit was $649,435, compared to $230,638 for the same period last year, a 181.6% improvement.