GUADALAJARA, Mexico, June 21,
2022 /PRNewswire/ -- Betterware de México, S.A.P.I.
de C.V. (Nasdaq: BWMX) ("Betterware" or the "Company") today
announced that its controlling shareholder, Campalier, S.A. de C.V.
("Campalier"), informed the Company that it purchased 100,000
shares of the Company in the open market for approximately
US$1.3 million.
As a result of such purchase, Campalier now holds approximately
53.6% of the issued and outstanding shares of Betterware.
Luis G. Campos, Executive
Chairman of the Board of Betterware and controlling shareholder at
Campalier, stated: "This purchase reaffirms our confidence in our
advantageous business model centered on three growth pillars of
product innovation, business intelligence and technology, which has
us positioned to deliver on our growth objectives in the future. We
believe that the current share price does not reflect the
underlying value of our business. We remain focused on the
successful execution of our strategic initiatives and believe this
has us poised to deliver consistent long-term profitable growth and
increased value for our shareholders."
About Betterware de México,
S.A.P.I. de C.V.
Founded in 1995, Betterware de Mexico is the leading direct-to-consumer
company in Mexico focused on
creating innovative products that solve specific needs regarding
organization, practicality, space saving and hygiene within the
household. Betterware's wide product portfolio includes home
organization, kitchen, commuting, laundry and cleaning, as well as
other categories that include products and solutions for every
corner of the household.
The Company has a differentiated two-tier network of
distributors and associates that sell their products through twelve
catalogues per year. All products are designed by the Company and
under Betterware's brand through its different sources of product
innovation. The Company's state-of-the-art infrastructure allows it
to safely and timely deliver its products to every part of the
country, backed by the strategic location of its national
distribution center. Today, the Company distributes its products in
Mexico and Guatemala, and has plans of additional
international expansion.
Supported by its asset light business model and its three
strategic pillars of Product Innovation, Business Intelligence and
Technology, Betterware has been able to achieve sustainable
double-digit growth rates by successfully expanding its household
penetration and share of wallet.
Forward-Looking
Statement
This press release includes certain statements that are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "will," "estimate," "continue," "anticipate," "intend,"
"expect," "should," "would," "plan," "predict," "potential,"
"seem," "seek," "future," "outlook," and similar expressions that
predict or indicate future events or trends or that are not
statements of historical matters. These forward-looking statements
include, but are not limited to, statements regarding projections,
estimates and forecasts of revenue and other financial and
performance metrics and projections of market opportunity and
expectations. These statements are based on various assumptions and
on the current expectations of the Company's management and are not
predictions of actual performance. These forward-looking statements
are provided for illustrative purposes only and are not intended to
serve as, and must not be relied on by any investor as, a
guarantee, an assurance, a prediction or a definitive statement of
fact or probability. Actual events and circumstances are difficult
or impossible to predict and will differ from assumptions. Many
actual events and circumstances are beyond the control of the
Company. These forward-looking statements are subject to a number
of risks and uncertainties. These forward-looking statements should
not be relied upon as representing the Company's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
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SOURCE Betterware de México, S.A.B. de C.V.