Just sat down and re read the reports, release and news around the first order to chemist warehouse. The well known Switzer in covering the news said the below.
The 3 key points for me are bolded:
1. negotiating further retail partners in Asia................this is very exciting, Asia love and need the stuff and they love Australian products. Just where we end up is going to be exciting to watch
2. confirmation of our experience with other products means we have channels ready to go.
3. management spotted this opportunity right at the start of the virus and measures were taken early to be prepared. It wouldnt surprise me if a supply of extra alcohol was secured at that point also.
Yes we know there are some cash and debt issues but once the sales pile up we will have a cash flow positive company on our hands......thanks to others wiping our product all over their hands!
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Australian company Wellness and Beauty Solutions Limited (WNB) has launched an anti-bacterial range, through its subsidiary ‘The Giving Brands Company’, called MICRO-19.
The company received its first order from Chemist Warehouse, which exceeded $400,000, and are negotiating further retail partners in Asia.
Wellness and Beauty Solutions wholly owns the subsidiary, The Giving Brands Company, where they have steady access to product formulations and experience in product chemistry, manufacturing, marketing, packaging, distributions and retail partnerships.
“Within the current environment and the exponential spread of COVID-19, demand for anti-bacterial and sanitiser products is currently incredibly high and we expect this level of demand will be sustained for some time to come given the likely protracted nature of the current response,” said Managing Director of Wellness and Beauty Solutions, Christine Parkes.
“In response to the evolving situation, we spent the last six weeks accelerating the development of our anti-bacterial products, which are now ready for launch with our first customer order. Our ability to be nimble has allowed us to move quickly on this opportunity.”
The launch will include the following products:
MICRO19 Hand Sanitiser Pump in 300ml and 50ml peach scent.
MICRO19 Room and Surface Spray 200ml orange scent.
MICRO19 Hand Sanitiser 50ml cucumber and peach scent.
WNB Price at posting:
0.6¢ Sentiment: Buy Disclosure: Held
