Dig-it Underground, Inc. (OTC PINK: DIGX) unveiled its strategic growth plan as the Company moves shortly into the fourth quarter of the year with record year-to-date revenues. While the Company is obviously very excited about its record revenues through the first two quarters, the Company is not satisfied and is focused on continuing the momentum and taking the Company to unprecedented heights.
The plan as unveiled by the Company focuses not only on pursuing additional acquisitions within the chiropractic sector, but also on increasing service offerings within the existing two locations that will increase revenues and increases the current client base. Mr. Chernyakhovsky, President of Dig-it Underground, Inc., stated, "We have started talks to begin offering a transdermal CO2 treatment within our existing locations that would have dramatic impact on patients suffering with neuropathy, diabetes as well as those seeking to improve athletic performance and lower recovery times for strenuous workouts such as swimming, cycling and long distance running. We plan to offer products and treatments such as these to increase our revenue within our existing locations. We feel like a move like this could add as much as 10% to the bottom line and give our practice something very unique and effective for our patients."
The Company has been pursuing additional acquisitions, but with the release of this strategic growth plan, the focus is also on growing the customer base and revenue within the current locations and bringing on additional products that can also be sold as a separate retail income stream. This news comes as the Company announced earlier this week that the year-to-date revenue is ahead of pace for all previous years. For the six months ended June 30 year-over-year 2016 to 2017, the Company has increased revenues by over 27%.
Mr. Chernyakhovsky added that, "Our current performance is proof that we have a stable, strong base of operations, but our focus now is to add additional verticals to our current business model including both increasing our service offerings and adding a retail outlet that will dramatically grow our revenues."
Expressions Chiropractic & Rehab, our Wholly Owned Subsidiary, currently has two locations in the Dallas/Fort Worth, Texas Metroplex. For over 10 years, Expressions has provided Chiropractic, Rehab, and other Complementary and Alternative Medicine (CAM) services to our patients and service area. Expressions is currently group credentialed with over 487 Insurance Plans, allowing instant access to patients, and the ability to expand the Company's operations to new locations with minimal additional expenditures towards Insurance Claims cost. CAM is an estimated $33 Billion per year segment of the Health Care Industry and is used by 83 Million American adults annually. The demand for natural health care services is growing rapidly, as consumers become increasingly interested and educated in disease prevention and health maintenance. Chiropractic is recognized by Federal and State Governments as a viable alternative to traditional health care services, and, as such, is accepted fo r reimbursement by government-sponsored insurance programs, most third-party payers and managed care plans.