PLANO, Texas, April 8, 2021 /PRNewswire/ -- Dogness
(International) Corporation ("Dogness" or the "Company") (NASDAQ:
DOGZ), a developer and manufacturer of a comprehensive line of
Dogness-branded, OEM and private label pet products, today reported
its e-commerce sales in China
increased 24 times for calendar year 2020, as compared to calendar
year 2019, led by the Company's expanded smart pet product
line.
Silong Chen, Chairman and Chief
Executive Officer of Dogness, commented, "We established Dogness as
a leading brand for pet parents seeking innovative, high-quality
products, including our expanded line of enhanced pet IoT solutions
and smart products. Our focus on pet health and wellness
gives us a competitive advantage, with our smart pet feeder ranked
in the category's Top 3, and high demand for our smart drinking
fountains, leashes, collars and broader product line. We
benefitted from our integrated distribution network, which was able
to support the surge in e-commerce demand during the COVID-19
pandemic. As a result, we are far outpacing the overall
market, with our online sales in China in calendar year 2020 increasing
approximately 2,400 percent, compared to approximately 2 percent
overall growth for China's urban
pet market (dog and cat)."
Looking forward, Mr. Chen, added, "We remain unwavering in our
commitment to investing in research and development as we work to
bring exciting, new pet products to market, including our recently
launched innovative Dogness Smart GPS Pet Tracker, the next
generation of smart pet tracking, boasting real-time positioning
with pin point accuracy. We expect the domestic China market will continue to grow and
increase as a percentage of our global sales. To meet the
ongoing market expansion, we will be investing in and adding
further automation to our production and logistics, as we seek to
improve efficiency and order delivery capabilities. At the
same time, we are accelerating the development of products at our
state-of-the-art R&D center, which opened in Dongguan last year. Through a series of
initiatives, Dogness will continue to enhance its ability to
quickly fulfill orders, optimize the aftermarket product sales
experience and drive strong growth momentum.
About Dogness
Dogness (International) Corporation was founded in 2003 from the
belief that pet dogs and cats are important, well-loved family
members. Through its smart products, hygiene products, health and
wellness products, and leash products, Dogness is able to simplify
pet lifestyles, make them more scientific, and enhance the
relationship between pets and pet caregivers. The Company ensures
industry-leading quality through its fully integrated vertical
supply chain and world-class research and development capabilities,
which has resulted in over 200 patents and patents pending.
Dogness products reach families worldwide through global chain
stores and distributors. For more information, please visit:
ir.dogness.com.
Forward Looking Statements
No statement made in this press release should be interpreted as
an offer to purchase or sell any security. Such an offer can only
be made in accordance with the Securities Act of 1933, as amended,
and applicable state securities laws. Certain statements in this
press release concerning our future growth prospects are
forward-looking statements regarding our future business
expectations intended to qualify for the "safe harbor" under the
Private Securities Litigation Reform Act of 1995, which involve a
number of risks and uncertainties that could cause actual results
to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include,
but are not limited to, risks and uncertainties regarding lingering
effects of the Covid-19 pandemic on our customers' businesses and
end purchasers' disposable income, our cooperation with telecom
companies to secure 4G coverage, our ability to meet development,
production and shipping targets, our ability to raise capital on
any particular terms, fulfillment of customer orders, fluctuations
in earnings, fluctuations in foreign exchange rates, our ability to
manage growth, our ability to realize revenue from expanded
operation and acquired assets in China and the U.S., our ability to attract and
retain highly skilled professionals, client concentration, industry
segment concentration, reduced demand for technology in our key
focus areas, our ability to successfully complete and integrate
potential acquisitions, and unauthorized use of our intellectual
property and general economic conditions affecting our industry.
Additional risks that could affect our future operating results are
more fully described in our United States Securities and
Exchange Commission filings. These filings are available at
www.sec.gov. Dogness may, from time to time, make additional
written and oral forward-looking statements, including statements
contained in the Company's filings with the Securities and Exchange
Commission and our reports to shareholders. In addition, please
note that any forward-looking statements contained herein are based
on assumptions that we believe to be reasonable as of the date of
this press release. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
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SOURCE Dogness International Corporation