This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GrowLife Reports Record 300% + Increase In Q4 Revenues And Audited FY 2012 Financial Results

WOODLAND HILLS, Calif., April 2, 2013 (GLOBE NEWSWIRE) -- GrowLife, Inc. (OTCQB:PHOT), a provider of highly effective indoor growing technologies and unique lifestyle brands, is pleased to announce the timely filing of its audited results for the fourth quarter 2012, as well as the fiscal year ending December 31, 2012. The full 10K filing is available at http:// / or on the SEC's website

Highlights include:
  • Sales of $675,000 in Q4 2012
  • 300% + revenue improvement compared to Q4 2011
  • 42% revenue improvement compared to Q3 2012

"We are very pleased with GrowLife's fourth quarter and full year performance, particularly as Q4 2012 was the first profitable quarter in the company's history, exclusive of cash used to pay obligations that carried over from prior accounting periods, and charges to G&A that reflect stock based incentives to management and employees," said GrowLife Inc. CEO Sterling Scott. 

"GrowLife has become a much deeper and stronger company since early 2012, with many more products, more channels for distribution and more industry connectedness than at any time in our history. While our outstanding share count has increased overall, share issuance has been directly connected with acquisitions, balance sheet strengthening with debt reduction, and broadening of our base of committed shareholders. Our opportunity for expansion of product offerings in the legal medical marijuana business in the USA has never been greater."

GrowLife continues to differentiate itself from other public companies looking to target the medical marijuana industry by maintaining fully reporting status and detailing a forward looking business plan that aims to support the growth of our respective business units.

Milestones include:
  • Acquisition of – Online Hydro Superstore
  • GrowLife was established as the name for our holding company (formerly Phototron Holdings) as we expanded from a single product line to a more broadly based company with many product lines
  • Acquisition of Urban Garden – Retail Hydro Store
  • GrowLife securities established as DTC eligible to facilitate electronic transfer of certificates by our shareholders
  • High Times Cover: SG Sensors – Cutting Edge Remote Grow Technology
  • High Times Cover: Stealth Grow LED – "Game Changer" in LED Technology
  • GrowLife Productions, Inc., a wholly owned subsidiary, launched to focus on branding and entertainment industry promotions for GrowLife
  • GrowLife Hydroponics, Inc., a wholly owned subsidiary, launched to focus on brick and mortar hydroponics retailing launched
  • Initiated the first stage of GrowLife's push into therapeutic applications of Cannabis with Medicus Research  

Significant milestones were achieved for GrowLife, Inc. as far as brand penetration with potential for future growth. We acquired business units that are basically litmus tests and infrastructure for growth. We have online retail, brick-and-mortar, and technologies which we believe are superior to the rest of the market. Understanding these sales channels is instrumental in building a scalable business and the integrated brand that is GrowLife.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
FB $116.73 7.20%
GOOG $691.02 -2.10%
TSLA $247.54 -1.60%
YHOO $36.59 -0.97%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs