NANPING, China, March 9, 2020 /PRNewswire/ -- Happiness
Biotech Group Limited (the "Company" or Nasdaq: HAPP), an
innovative China-based
nutraceutical and dietary supplements producer, announced today
that the Company's monthly online sales have reached historical
high of RMB11.5 million
(approximately $1.6 million) in
February, 694% increase compared with the same period last year.
The single month sales have surpassed the total online sales in
fiscal year 2019.
Since the initial public offering in October 2019, the Company has put significant
efforts and resources in online sales. The original business model
of the Company focused more on traditional marketing channels, but
with the popularity of e-commerce and highly developed logistics,
we have found more and more demand for online purchase. Therefore,
the Company has strengthened the investment in e-commerce in the
past few months, especially in social e-commerce such as WeChat
shops.
"We are glad to see our efforts in online sales start to pay
off. Our nutraceutical products have been selling quite well online
since the outbreak of the Novel Coronavirus. Now as the Company has
entered into the disinfectant industry, our online sales,
especially the disinfectant sales, have achieved explosive growth.
For the next step, we will continue to improve our online channels
and we have started to explore more opportunities such as
cross-border e-commerce. We have signed a cooperation agreement
with Alibaba and officially become the Global Premium Supplier of
Alibaba. We are looking forward to achieving the balanced
development of the Company both online and offline," said Mr.
Xuezhu Wang, CEO of the Company.
About Happiness Biotech Group Limited
Headquartered in Nanping, China, Happiness Biotech Group Limited is an
innovative China-based
nutraceutical and dietary supplements producer focused on the
research, development, manufacturing and marketing of a variety of
products made from Chinese herbal extracts and other ingredients.
The Company's goal is to provide high-quality products to our
consumers. Over the past 14 years, the Company has established a
product portfolio consisting of 32 CFDA registered "Blue-Cap" SKUs
of nutraceutical and dietary supplements products. For more
information, please visit: www.happ.org.cn.
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements that are other than
statements of historical facts. When the Company uses words such as
"may, "will, "intend," "should," "believe," "expect," "anticipate,"
"project," "estimate" or similar expressions that do not relate
solely to historical matters, it is making forward-looking
statements. Forward-looking statements are not guarantees of future
performance and involve risks and uncertainties that may cause the
actual results to differ materially from the Company's expectations
discussed in the forward-looking statements. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company's goals and strategies; the
Company's future business development; product and service demand
and acceptance; changes in technology; economic conditions;
reputation and brand; the impact of competition and pricing;
government regulations; fluctuations in general economic and
business conditions in China and
assumptions underlying or related to any of the foregoing and other
risks contained in reports filed by the Company with the Securities
and Exchange Commission. For these reasons, among others,
investors are cautioned not to place undue reliance upon any
forward-looking statements in this press release. Additional
factors are discussed in the Company's filings with the U.S.
Securities and Exchange Commission, which are available for review
at www.sec.gov. The Company undertakes no obligation to publicly
revise these forward-looking statements to reflect events or
circumstances that arise after the date hereof.
View original
content:http://www.prnewswire.com/news-releases/happiness-biotech-reports-monthly-online-sales-growth-of-694-301019446.html
SOURCE Happiness Biotech Group Limited