AXIL Signs Agreement with Kinsey’s for Distribution of Hearing Protection and Enhancement Products
May 03 2024 - 7:00AM
AXIL Brands, Inc. (“AXIL,” “we,” “us,” “our,” or the “Company”)
(NYSE American: AXIL), an emerging global consumer products company
for AXIL® hearing protection and enhancement products, today
announced its entry into a distribution agreement (“Agreement”)
with Kinsey’s Inc. to distribute AXIL hearing protection and
enhancement products including AXIL GS Extreme 2.0®, XCOR®, XCOR
Digital®, and the Trackr™ series hearing solutions.
“Our partnership with Kinsey’s is an important step in providing
retailers greater access to AXIL products. Kinsey’s has long been
regarded a top tier distributor with the highest quality of service
and business values. We are confident our partnership with Kinsey’s
will provide AXIL dealers and retailers outstanding service and
support,” said Jeff Toghraie, Chief Executive Officer of AXIL.
“AXIL is a hearing protection innovator with top of market
product. Kinsey’s is thrilled to offer AXIL products and new
innovations nationwide to our vast dealer base,” said Justin Gorman
CEO of Kinsey’s Inc.
About Kinsey’s Inc.
Established in 1952, starting as a small retailer, Kinsey’s has
grown into a nationwide distributor who now services family owned
and corporate businesses in all 50 states. Kinsey’s Inc. is a
leading distributor who is the sales conduit to brick & mortar
and online retailers across the shooting sports and outdoor
recreation/hunting market.
About AXIL
AXIL (NYSE American) is an emerging global e-commerce consumer
products company. The Company is a manufacturer and marketer of
premium hearing enhancement and protection products, including ear
plugs, earmuffs, and ear buds, under the AXIL® brand and premium
hair and skincare products under its in-house Reviv3 Procare brand
- selling products in the United States, Canada, the European Union
and throughout Asia. To learn more, please visit the Company's
website at www.reviv3.com and, for the AXIL® brand,
visit www.axilbrands.com.
Forward-Looking Statements
This press release contains a number of forward-looking
statements within the meaning of the federal securities laws. The
use of words such as “believe,” “expect,” “continue,” “will,”
“prepare,” “should,” and ”focus,” among others, generally identify
forward-looking statements. These forward-looking statements are
based on currently available information, and management’s beliefs,
projections, and current expectations, and are subject to a number
of significant risks and uncertainties, many of which are beyond
management’s control and may cause the Company’s results,
performance or achievements to differ materially from any future
results, performance or achievements expressed or implied by these
forward-looking statements. Factors that could cause actual results
to differ materially from those in the forward-looking statements
include, among other things: (i) the Company’s ability to grow net
sales as anticipated and perform in accordance with guidance; (ii)
our ability to generate sufficient revenue to support the Company’s
operations and to raise additional funds or obtain other forms of
financing as needed on acceptable terms, or at all; (iii) potential
difficulties or delays the Company may experience in implementing
its cost savings and efficiency initiatives, including integrating
the AXIL® brand; (iv) the Company’s ability to compete effectively
with other hair and skincare companies and hearing enhancement and
protection companies; (v) the concentration of the Company’s
customers, potentially increasing the negative impact to the
Company by changing purchasing or selling patterns; (vi) changes in
laws or regulations in the United States and/or in other major
markets, such as China, in which the Company operates, including,
without limitation, with respect to taxes, tariffs, trade policies
or product safety, which may increase the Company product costs and
other costs of doing business, and reduce the Company’s earnings;
and (vii) the impact of unstable market and general economic
conditions on the Company’s business, financial condition and stock
price, including inflationary cost pressures, the possibility of an
economic recession and other macroeconomic factors, geopolitical
events, and uncertainty, decreased discretionary consumer spending,
supply chain disruptions and constraints, labor shortages, ongoing
economic disruption, including the effects of the Ukraine-Russia
conflict and the Israel-Hamas conflict, and other downturns in the
business cycle or the economy. There can be no assurance as to any
of these matters, and potential investors are urged to consider
these factors carefully in evaluating the forward-looking
statements. Other important factors that may cause actual results
to differ materially from those expressed in the forward-looking
statements are discussed in the Company’s filings with the U.S.
Securities and Exchange Commission. These forward-looking
statements speak only as of the date hereof. Except as required by
law, the Company does not assume any obligation to update or revise
these forward-looking statements for any reason, even if new
information becomes available in the future.
Investor Relations:AXIL Investor Relations Team(888)
638-8883investors@axilbrands .com
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