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0.5¢ holista colltech limited

That’s referencing that SKN have their own four distributors to...

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tranv11

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22/05/20

17:52

Post #: 44783861
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Originally posted by Jase2134: ↑

"As part of the Agreement, Holista will ship Path-Away® as a concentrate to be included in
the manufacture of the Invisi Shield® Natural sanitiser. This will be made in Australia by
Skin Elements in accordance with the unique dilution recommendations for the Path-Away®
concentrate provided by GICC. Skin Elements will allow its production outputs to be
independently verified by competent auditors of HCT, or as the case may be, by GICC.
The initial order of the Path-Away® ingredient under the Agreement is for a minimum of
$600,000 in the first year. Payment terms will be 50% on order and 50% before shipment.
The minimum order quantities will be reviewed on a quarterly basis, in order to assess
capacity to increase order quantities as required to meet increased demand.
It will be available in Australia and New Zealand through its network of four distributors which
service in excess of 10,000 retail outlets. It intends to introduce other bottle sizes for
handheld or table-top use and can increase production to meet demand in Australia and New
Zealand and from the global markets.
“We are excited by the collaboration with Holista and the launch of Invisi Shield® Natural
which will position Skin Elements as a global leader in providing high-quality hand sanitisers.
This new sanitiser significantly strengthens our range of existing sanitisers which is being
unveiled after two years of product development and test marketing to independent
pharmacies, and selected schools and day-care centres in Western Australia,” said Skin
Elements’ Executive Chairman Peter Malone. "

Please note the reference to four distributers from the announcement on the 2nd of April

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That’s referencing that SKN have their own four distributors to which they can send their product to the market. Nothing to do with being a distributor of HCT. HCT simply sells Pathaway to SKN, and they are just a customer.

HCT Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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