The Villages, FL (PRWEB) October 09, 2013
LILM, Inc. (OTCQB: LILM) In the first week of Kent Campbell (CEO) & Denis Espinoza (President) coming on board as new management, the company was able to successfully raise $1.6 million. Management immediately paid off all debts and liabilities and currently has over $1.4 million to implement growth and diversification strategies.
Mr. Campbell is leveraging his past success in manufacturing to add efficiency to LiL Marc operations. Mr. Espinoza is drawing on his marketing experience to develop a plan for increasing brand awareness through the use of social media, web presence, and other marketing strategies.
New management is committed to the diversification of LILM through the creation of an additional subsidiary that will hold commercial real estate, including but not limited to: self-storage facilities, apartment buildings, 55+ senior manufactured homes communities, and NNN properties.
The addition of new management and a strong balance sheet will enable LILM to focus on a prudent expansionary strategy while increasing sales of LiL Marc urinals. As these strategies are implemented in the near future, LILM expected to become consistently profitable as management positions the company for future growth.
Mr. Espinoza states “We now have the proper team assembled and a strong balance sheet. The conditions are right for LILM, Inc. to increase revenue and expand our asset base.”
About LILM, Inc.
LILM, Inc. engages in the manufacturing and marketing of training urinals for boys in the United States. The company offers LiL Marc, a plastic toilet-training device constructed of white polyethylene plastic having the appearance of white porcelain. LILM markets its product through websites at LiLMarc.com and BoysPottyTraining.com, as well as through other web resellers that specialize in the marketing of potty training products for boys.
Safe Harbor Forward-Looking Statements
This news release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of LILM, Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including but not limited to statements regarding our ability to add efficiencies in our operations, diversify our business and increase revenues and our asset base. Such risks and uncertainties include, among other things, the uncertainty regarding when operational efficiencies may occur; uncertainty regarding the commercial success of the Lil Marc urinal; whether and when we will be able to identify and close on the acquisition of suitable commercial real estate properties for acquisition. LILM assumes no obligation and does not intend to update these forward-looking statements.
A further description of risks and uncertainties can be found in LILM, Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2012 and in its reports on Form 10-Q and Form 8-K.
LILM, Inc. Company Contact:
Chief Executive Officer