Oliveda International, Inc. and Olive Tree People Inc. Subsidiary Prepare for Planned Nasdaq Listing

SANTA MONICA, CA, June 08, 2026 (GLOBE NEWSWIRE) -- Oliveda International, Inc. (OTCID: OLVI) announced that today, on the day that its Olive Tree People Inc. subsidiary celebrates its third anniversary in North America, the two companies are officially preparing for a planned Nasdaq listing in 2027.

Olive Tree People founder Thomas Lommel started in his Venice Beach garage in 2023 with a bold goal: to attract over 30,000 "waterless beauty consultants" within just 18 months to educate the public on waterless beauty, aiming to generate $5 million in revenue in the first year and over $100 million in the second.

Eighteen months later, the company had not 30,000, but over 50,000 waterless beauty consultants. It generated $6.5 million in its first year and a sensational $104.5 million in annual revenue in its second, becoming the fastest-growing waterless beauty company worldwide with growth exceeding 1,800%.

By 2025, more than 70,000 waterless beauty consultants had sparked a genuine "waterless movement" in North America, and the company was valued at over $1 billion in June 2025.

Waterless beauty thus became the fastest-growing segment in the entire beauty industry – the new "clean beauty" – not only in North America but globally.

2026 is the year Olive Tree People will launch a globally unique innovation – with the potential to lastingly transform the beauty and wellness industries – from October 16–18. This follows the introduction of numerous new brands and innovative products as well as a unique signature flagship store scheduled to open in late July at 1335 Abbot Kinney Blvd., Los Angeles.

Founder Thomas Lommel commented, “We have been working on these globally unique innovations for over 11 years, and I am convinced that they will surpass even the explosive growth we experienced in 2024. Our goal is, therefore, to aim for a Nasdaq listing in 2027, with the objective of exceeding $1 billion in revenue by 2030 across North and South America, Europe, Australia, and Asia. We also intend to bring our signature flagship stores to major cities worldwide, allowing people to immerse themselves in the world of Olive Tree People, find inspiration, and share in this unique feeling.”

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