SHMN SOHM Inc (PK)

SOHM, Inc. Announce Share Holder Update and Outlook for 2019

CHINO HILLS, CA -- January 18, 2019 -- InvestorsHub NewsWire -- SOHM, Inc. (OTCPINK:SHMN), a generic Pharmaceutical, Nutraceutical and Cosmeceutical company that manufactures and markets generic drugs covering numerous treatment categories, announced today some of developments with the company which it started during 2017 and 2018 regarding the outlook of the company for the year 2019 and beyond in their reentry into the US OTC retail, prescription, contract manufacturing and white label manufacturing and marketing space.

SOHM, Inc. has been working with partners since August 2017 to optimize SOHM's OTC, nutraceutical and prescription products of its customer and own product sell-through distribution partners in the huge retail and convenience store segments. As part of the process, the company has made several alliance agreements and contracts with suppliers as well as customers during 2018 and same were updated through its press releases.

Furthermore, SOHM's OTC generic as well as skin care products were introduced into the USA market between the year 2012 and 2015, however, due to the heart attack and health leave of its then CEO, the appropriate project launch was not carried out and was not followed up by the company the way it was planned for several years. Now the company has been working and reviving its old distribution channels again during the year 2019 where SOHM's OTC products were tested on shelves back in 2nd and 3rd quarters of the year 2014. The company had received a very good response on its pilot project.

The company also is in negotiation with one of pharma company for the development of new products for them as well as for SOHM and is working to introduce and plans to launch some more new product segments in this year which is going to enhance the company's ability to generate sustainable revenue and rapid growth in 2019 and for the coming years.

Mr. Baron Night, President and CEO today states that SOHM has a very good and encouraging operation going on along with a good response from its existing contract and white label manufacturing customers. The company expects some more orders from them during this quarter as stated earlier. Mr. Night states that this development will help the company go beyond its current revenues and profitability during 2019.

The management anticipates and expects its revenue growth more than doubling during the year 2019 compared to the year 2018 and overall profitability of around 38% during the year 2019.
The management is not intending to conduct any reverse split but in coming days/weeks and months, the company will be considering a share buyback program. The company is in communication with its counsel and at the appropriate time, the company may make an announcement, if the company decides to pursue a buyback program after appropriate due diligence and consultation from our legal counsel. Current revenue and orders are enough for its ongoing smooth operations. We are working as per our goals and plan as stated earlier in our previous press release on September 21, 2018.

The company has remained transparent previously and we are committed for transparency within guidelines and rules and working consistently towards it. "Our operational and revenue generation efforts are ongoing, and we are confident of achieving our revenue target for the year 2019 and beyond", stated Mr. Night, President and CEO.

About SOHM, Inc.

SOHM, Inc., is a growing generic pharmaceutical manufacturing and marketing company with a vision "Globalè Prospèro" that tries to build continuous growth. SOHM manufacturing and marketing targets the rapidly growing healthcare segments such as Nutraceuticals, Cosmeceuticals, and other major therapeutic segments. SOHM is headquartered in North America with manufacturing alliances in India as well as a strategic alliance with US manufacturing facilities. Although SOHM's generic pharmaceuticals are exported globally and were introduced to the USA in early 2013, SOHM continues its focus on distribution to emerging markets in Africa, Latin America, and Southeast Asia.
To know more about SOHM, Inc., visit www.SOHM.com

Safe Harbor Statement:

This news release contains "forward-looking statements", which are statements that are not purely historical and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations, and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on for the most recent fiscal year, our quarterly reports uploaded from time-to-time on OTCMarkets.com.

For more information, please contact: 
SOHM, Inc.
714-522-6700

SOURCE: SOHM, Inc.

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