Companies are run by CEOs not chairmen/chairwomen, our MC is only $10M with facility worth over $20M and cash of over $6M.
from the most recent update:
- Discussions continue with leading nutraceutical and pharmaceutical distributors globally, with the aim of entering into Purchase Agreements to further build on the strong foundations of established revenue streams.
- European Union Listing Approval received for export of marine products to Europe.
- US Food and Drug Administration Listing Approval received to export products to the United States.
- Demand for Dried Maw products continues to improve, with steady sales during April and May 2020, indicating that business operations are returning to normal following temporary global lockdowns.
- Continued discussions with leading nutraceutical and pharmaceutical distributors globally, with the aim of entering into further purchase agreements. The Company has already built a strong foundation of established revenue streams from the NZ$4.4m and NZ$400,000 Purchase Agreements with Supermilkbaba (NZ) (“SMB”) and Good Health, respectively.
- Company seeks to further expand into international markets, US Food and Drug Administration Listing Approval to export products to the United States was received by the Company during May 2020. NZCS also received European Union Listing Approval, allowing the Company to export marine product goods to Europe. These international export licenses align with the Company’s strategy of expanding distribution channels by entering new markets.
- NZCS has also seen an increase in inquiries for dried ling maw from both existing and new customers, indicating that business operations are returning to normal following temporary global lockdowns.
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