GrowLife's FY 2013 Guidance
For 2013, GrowLife's management provides the following forward-looking guidance, which is limited to revenue from sales, consistent with our current visibility into operations.
Management projects sales in 2013 in the range between $3.9 million and $4.3 million, exclusive of any expansion of GrowLife business through potential acquisitions. These projections are explicitly based upon past results and extrapolating that data.
For details regarding our business, our detailed financial statements, significant accounting policies and notes to our detailed financial statements, we refer interested parties to our 10K report filed on this date with the SEC.
About GrowLife, Inc.
GrowLife, Inc. (
) (formerly Phototron Holdings, Inc.) (
) is a company with core holdings in innovative technology-based products and services for the indoor gardening industry and specialty markets. These brands include Stealth Grow, a producer of grow room automation equipment and hi-powered LED grow light products for indoor horticulture (
), Greners.com, the online hydroponics superstore (
) and Phototron, producer of hydroponic grow containers, which are designed to grow vegetables, herbs, flowers and fruits in any environment (
). GrowLife is also the US distributor for the Urban Cultivator brand—the greens machine (
Cautionary Language Concerning Forward-Looking Statements
Information set forth in this press release contains financial estimates and other forward-looking statements (within the meaning of the Private Securities Litigation Reform Act of 1995) that are subject to risks and uncertainties, and actual results might differ materially. Examples of such forward-looking statements include management's projected 2013 revenue guidance, references to potential acquisitions, and other references to potential growth in the business. A discussion of factors that may affect future results is contained in GrowLife's filings with the Securities and Exchange Commission. In addition, all industry products are subject to additional uncertainty, including the risks of delay, cancellation and poor critical or financial reception. GrowLife disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
CONTACT: Company Contact:
Kyle Tracey, (800) 977-5255
Kurt Divich, (702) 396-1000