News Release
Bio-Me
1632 Bryant Street
Palo Alto California, 94301
1632 Bryant Street
Palo Alto California, 94301
FOR IMMEDIATE RELEASE
Bio-Me Tries to Expand While CEO Renounces
Palo Alto, California, March 28, 2020: Bio-Me's Chief Financial Officer, Omar Piceno Martinez, gathered again with the Board of Directors to discuss the company's expansion to countries such as Mexico, Canada, Spain, and France. The internet-based platform has been in operation for 3 years with high levels of income revenue and profits. However, the online platform might be suffering a decline since former CEO, David Bertone, left the company.
With the firm's expansion and the search of a new CEO, Bio-Me will be facing a challenging stage in regards to its core operations. Omar Piceno Martinez expressed the following, "Bio-Me's current standpoint is ready for even a larger growth and expansion. We want to include users in countries in the near future." Furthermore, he commented about the company's CEO departure, "David was a great asset for out company, but we have to be resilient to this situation in order to maintain the firm's well-being and shareholders' one."
The corporation expects to open new markets by July 2020. With an uncertain replacement of the Chief Executive Officer, the company will expand to new competitive territories where its performance and success will depend on good management. Nonetheless, Bio-Me announced that, "Within the next couple of weeks, the company will be able to effectively fill that vacant by hiring the best candidate, who will lead the company to an even better standpoint.
During the past years, Bio-Me has experienced steady customer growth totaled to 33% annually. Since the firm's core income revenue includes a monthly service membership per subscriber, the company is expecting these numbers to boost with this expansion. However, the internet-based platform enterprise is considering opening new headquarters due to expansion. Therefore, Bio-Me is expecting an increase of a large amount of expenses that might require more capital from stockholders. The company is looking forward to take a big step since its launch back in 2017. Bio-Me will be looking forward to successfully achieve its expectations and turn around the downturn in regards to its CEO departure.
With the firm's expansion and the search of a new CEO, Bio-Me will be facing a challenging stage in regards to its core operations. Omar Piceno Martinez expressed the following, "Bio-Me's current standpoint is ready for even a larger growth and expansion. We want to include users in countries in the near future." Furthermore, he commented about the company's CEO departure, "David was a great asset for out company, but we have to be resilient to this situation in order to maintain the firm's well-being and shareholders' one."
The corporation expects to open new markets by July 2020. With an uncertain replacement of the Chief Executive Officer, the company will expand to new competitive territories where its performance and success will depend on good management. Nonetheless, Bio-Me announced that, "Within the next couple of weeks, the company will be able to effectively fill that vacant by hiring the best candidate, who will lead the company to an even better standpoint.
During the past years, Bio-Me has experienced steady customer growth totaled to 33% annually. Since the firm's core income revenue includes a monthly service membership per subscriber, the company is expecting these numbers to boost with this expansion. However, the internet-based platform enterprise is considering opening new headquarters due to expansion. Therefore, Bio-Me is expecting an increase of a large amount of expenses that might require more capital from stockholders. The company is looking forward to take a big step since its launch back in 2017. Bio-Me will be looking forward to successfully achieve its expectations and turn around the downturn in regards to its CEO departure.
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