Dogness Continues to Build Momentum in its Largest Revenue
DONGGUAN, China, July 7, 2022
/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 announced a new retail distribution partnership
with Xiuhu, which operates over 200 pet stores in China. The announcement follows Dogness'
launch of 25 new products at a groundbreaking, in-person Q1 2022
launch event, which underscored the scale of Dogness' R&D and
its unwavering commitment to developing the innovative products pet
owners want and retailers need to drive sales.
Under the new strategic cooperation, Xiuhu will feature Dogness'
products in their premium pet specialty stores nationwide. The
products they will feature include both Dogness' Intelligent pet
products, Smart GPS Trackers, Bluetooth enabled Smart Retractable
Leashes, and its line of traditional pet products ranging from
stylish pet collars and harnesses to carriers and more. The
companies plan to work together to jointly explore and develop
successful retail operations and other potential business areas.
They also plan to jointly promote the development of
sustainable and branded pet retail business to achieve mutual
benefit for both companies.
Silong Chen, Chairman and Chief
Executive Officer of Dogness, commented, "The investments we have
made in the development of our intelligent products are driving
more and more retail partners to do business with Dogness, as they
seek innovative products that can meet the evolving needs of pet
parents in the digital age. As one of world's most successful pet
retail chains, Xiuhu is a trusted and valued source for premium pet
supplies and we are proud to join forces. Our strategic cooperation
represents the latest significant expansion of Dogness' retail
distribution network, as we bring the wonderful experience of our
technology enhanced products to pet owners everywhere and work to
accelerate our company's growth."
Dogness (International) Corporation was founded in 2003 from the
belief that dogs and cats are important, well-loved family members.
Through its smart products, hygiene products, health and wellness
products, and leash products, Dogness' technology simplifies pet
lifestyles and enhances 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 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