NEW YORK--(BUSINESS WIRE)--While bringing 2013 to a close we have seen extremely robust financial numbers in all sectors of our business. Exceptional growth, as projected, has been complimented by our growing team of independent distributors throughout the U.S. While our company has fallen slightly short of our final 2013 revenue projections we are very much on target to meet and exceed 2014 projections.
CEO Leonardo Lombardo of Clearette stated that 2013 was a year marked by infrastructure investment to streamline processes and maintain position with the best of the distribution and manufacturing businesses. We increased our spending in product R & D and distributor support and development, areas which will ensure our continued growth into the next decade. We enhanced our accounting systems to the latest Microsoft Great Plains, and rolled out custom handheld CRM Systems for our mobile sales team. This in turn allows our independent distributors to be as efficient as possible while continuing the exponential growth of our retail client base. In addition substantial investment has been made in our manufacturing facilities to gear up and continue production increases in this ever evolving market, with the aim of meeting and exceeding impending regulatory requirements. Our factories have been reengineered for high volume production of our liquid lines and the multiple models of new personal vaporizers.
These strategies and additional internal investments in personnel and systems will maintain our position as the cutting edge manufacturer and leading market innovator in vapor products for years to come. Additionally, while revenue expectations fell slightly short of our projected goal we still exceeded over one thousand percent (1000%) growth for the year 2013.
Due to our effective 2013 implementations we are upgrading our full 2014 revenue estimates to exceed the 80 million dollar mark. This revenue goal should being obtainable due to our massively growing distribution network throughout the U.S. and abroad. Our overseas division is currently conducting test marketing in the U.K., Ireland, France and Italy. The European market looks extremely promising. Additionally we are adding over 30 new electronic cigarette and accessory lines that carry great bottom-line margins and should add revenue to our entire network.
Clearette Electronic Cigarettes offers a realistic alternative to smoking tobacco products. Our e-cig creates a tar and carcinogen-free vapor, which provides the taste and feel of a traditional cigarette without the harmful tobacco smoke, smell, or ash. For more information, please visit www.clearette.com.