DGDM Provides Business Results Update Ahead of 3Q Report in Light of 2Q Results
Flower Mound, Texas--(Newsfile Corp. - October 15, 2020) - Digital Development Partners, Inc. (OTC PINK: DGDM) ("DGDM" or the "Company"), doing business as Black Bird Potentials Inc., the exclusive distributor of MiteXstream biopesticide and manufacturer of Grizzly Creek Naturals CBD products (GrizzlyCreekNaturals.com), today provided an update with respect to its ongoing business operations in light of recent announcements and its 2Q results.
Product Sales and Distribution. "Year over year, our unaudited sales from the six months ended June 30, 2019, compared to the same period of 2020 grew by about 700%, from $4,840 to $35,874; but the really encouraging news is that customers continue to tell us that our CBD products, whether they be oils or topicals, are superior to other brands," said Fabian Deneault, President of DGDM. "Our results for the nine months ended September 30, 2020, are expected to show similar improvement over 2019, and we have only just this month begun to roll-out of our products across our Montana distributor's 1,000-store network," added Mr. Deneault.
Expanding Sales in All Facets. The Company has begun to market its disruptive MiteXstream biopesticide product ahead of its expected December 2020 EPA approval. Recently, Mr. Deneault expanded on earlier comments regarding the Company's expectations for MiteXstream, "we continue to believe that MiteXstream will prove to be the game changer, both in a business sense and in a sales sense for us, we thought it would be from the moment we developed it. We cannot wait to begin to get this into the hands of growers and farmers as soon as EPA certification is secured." Mr. Deneault also advised that the Company expected to be begin deriving revenues from a planned small hemp processing effort separate and apart from its previously announced plans for a full-scall Montana hemp processing facility.
DGDM: Doing Good, Doing More. DGDM is always looking for ways to live up to its mission statement, Doing Good, Doing More.
Through its subsidiary Black Bird Potentials, DGDM manufactures and sells CBD products, including CBD Oils, gummies and pet treats, and CBD-infused personal care products, as well as hand sanitizer gel and spray products. In addition, Black Bird is a licensed grower of industrial hemp under the Montana Hemp Pilot Program. Black Bird is the exclusive distributor in the U. S. and Canada for MiteXstream, a plant-based biopesticide effective in the eradication of spider mites, a pest that destroys crops, especially cannabis, hops, coffee and house plants, as well as molds and mildew. EPA approval of MiteXstream is expected in late 2020.
Notice Regarding Forward-Looking Statements
This news release contains forward-looking information including statements that include the words "believes," "expects," "anticipate," or similar expressions. Such forward looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof. Information concerning these and other factors can be found in the company's filings with the SEC, including its Forms 10-K, 10-Q, and 8-K, which can be obtained on the SEC's website at http://www.sec.gov.
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