Peekaboo Beans Inc. (TSX.V: BEAN; OTCBB: PBBSF) (“Peekaboo Beans” or the “Company“) is pleased to announce they have engaged the services of ServiceQuest, a direct selling business incubator, to help strategically execute Peekaboo Beans expansion into the United States.
Since 1988, the ServiceQuest team, led by founder and CEO Terrel Transtrum, has focused on defining the best practices and strategies for building successful direct selling businesses. After working with more than 400 direct selling companies (network marketing and home party plan) around the world, ServiceQuest excels at helping companies take their ideas and turn them into direct selling successes. ServiceQuest’s roster of successful clients includes Pampered Chef, Avon, Scentsy, Amway, Origami Owl and PartyLite Gifts to name a few. ServiceQuest helps direct-selling companies create global strategies to deliver outstanding service to distributors and customers and drive overall company growth and success.
Traci Costa, CEO and Founder of Peekaboo Beans states: “After seeing the enormous success companies such as The Pampered Chef, (a Berkshire Hathaway Company), have had with the support of ServiceQuest we are eager to partner with them to deploy our US expansion strategy this Fall. We are confident their experience and expertise will lead us to exciting hypergrowth.”
“There are always four corners on which a successful enterprise is created in direct selling: brand appeal, product advocates, vision, and structure. Peekaboo Beans has all four and I see tremendous potential to begin scaling on the foundation that Traci and her team have crafted and tested. It’s time for growth!” states Terrel Transtrum Founder and CEO of ServiceQuest.
The Company plans to execute the launch into the United States this Fall. Peekaboo Beans recently released their third quarter financial results, which showed a twenty percent increase in sales, a significant increase in contribution margin from 11% to 22% and an eighty percent growth in Independent Stylist numbers over the same period last year.
About Peekaboo Beans
Peekaboo Beans Inc. is a direct-sales retailer of high-quality, ethically manufactured children’s apparel sold exclusively through its direct-sales representative network or Stylists. Our children’s apparel is environmental and socially consciously manufactured and promotes the importance of playtime over screen time, through thoughtful designs and custom developed fabrics. Through the direct-sales model, we train parents to be entrepreneurs, build a business and generate income on their own terms.
Peekaboo Beans has 11,016,424 Common Shares and 5,365,073 warrants outstanding as of Aug 15, 2017. The Company’s year-end is September 30th, 2017.
Forward-Looking Information
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking information that is subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking, including statements with respect to the Company’s expansion to the U.S., third quarter financial results, sales figures and recruitment, transition and training of Stylists. Although the Company believes the expectations expressed in such forwardlooking information are based on reasonable assumptions, such information is not a guarantee of future performance and actual results or developments may differ materially from those contained in forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking information include market prices, successes of the operations of the Company, continued availability of capital and financing, general economic, market or business conditions and those risks contained in the Company’s filing statement dated August 29, 2016, a copy of which is available on SEDAR at www.sedar.com. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward-looking information except as required under the applicable securities laws.
For further information, please contact:
Peekaboo Beans Inc.
Mrs. Traci Costa
CEO and President
+ (604) 279-2326
traci@peekaboobeans.com
Investor Relations:
investors.peekaboobeans.com
+ (604) 279-2326
ir@peekaboobeans.com
SOURCE PEEKABOO BEANS INC.
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Source: Peekaboo Beans Inc. (TSX Venture:BEAN)
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