Company Enters South African Market Supplying
Dank Pack with a Comprehensive Suite of Cannabis Vapor Products and
Accessories, including Ispire ONE™
LOS
ANGELES, May 28, 2024 /PRNewswire/
-- Ispire Technology Inc. ("Ispire" or the "Company")
(NASDAQ: ISPR), a leader in the development and commercialization
of vaping technology and precision dosing, announced an exclusive
distribution deal with Dank Pack, South Africa's leading supplier of
cannabis product packaging, accessories, dispensary supplies and
production and manufacturing equipment.
Under the agreement, Ispire is entering the rapidly-growing
South African cannabis market by supplying Dank Pack with a host of
vapor products and accessories including: Ispire ONE™
products Ispire Signature;
Ispire Signature OVL; Ispire Signature
NANO; Ispire Signature LVL; Ispire Signature
Cartridges; and Ispire Batteries.
"We're thrilled to team up with Ispire in this exclusive
distribution partnership," stated Ryan
Williamson, CEO of Dank Pack. "As South Africa's foremost
supplier of premium cannabis supplies, our collaboration with
Ispire signifies a commitment to excellence and innovation.
Together, we're poised to revolutionize the country's cannabis
market, empowering businesses with world-class vaping solutions and
propelling industry standards to new heights."
"Partnering with Dank Pack marks another significant stride in our
mission to deliver top-tier vaping solutions globally," said
Ispire Technology Co-Chief Executive Officer Michael Wang. "This exclusive distribution deal
not only amplifies our presence in South
Africa but also underscores our commitment to setting
industry standards. Together with Dank Pack, we're poised to
empower cannabis businesses with cutting-edge technology and
elevate product quality to international standards."
For more information visit, https://dankpack.co.za/ and
https://ispiretechnology.com/.
About Ispire Technology Inc.
Ispire is engaged in the
research and development, design, commercialization, sales,
marketing and distribution of branded e-cigarettes and cannabis
vaping products. The Company's operating subsidiaries own or
license more than 200 patents received or filed globally. Ispire's
tobacco products are marketed under the Aspire brand name and are
sold worldwide (except in the U.S., People's Republic of China and Russia) primarily through its global
distribution network. The Company's cannabis products are marketed
under the Ispire brand name primarily on an original design
manufacturer (ODM) basis to other cannabis vapor companies. Ispire
sells its cannabis vaping hardware only in the U.S., and it
recently commenced its marketing activities in Canada and
Europe. For more information,
visit www.ispiretechnology.com or follow Ispire on
Instagram, LinkedIn, Facebook, Twitter and YouTube.
About Dank Pack
Dank Pack is South Africa's premier supplier of premium
cannabis packaging, accessories, dispensary supplies and production
and manufacturing equipment. With a commitment to excellence and
innovation, Dank Pack serves as a cornerstone in the cannabis
industry, offering a comprehensive range of high-quality products
tailored to meet the needs of businesses and consumers alike.
Through strategic partnerships and a dedication to elevating
industry standards, Dank Pack continues to revolutionize the
market, empowering cannabis businesses with top-tier solutions and
driving the sector forward into a new era of growth and prosperity.
For more information, please visit https://dankpack.co.za/.
Forward Looking Statements
This press release contains
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended ("Securities Act") as well as
Section 21E of the Securities Exchange Act of 1934, as amended, and
the Private Securities Litigation Reform Act of 1995, as amended,
that are intended to be covered by the safe harbor created by those
sections. Forward-looking statements, which are based on certain
assumptions and describe the Company's future plans, strategies and
expectations, can generally be identified by the use of
forward-looking terms such as "believe," "expect," "may," "will,"
"should," "would," "could," "seek," "intend," "plan," "goal,"
"project," "estimate," "anticipate," "strategy," "future," "likely"
or other comparable terms, although not all forward-looking
statements contain these identifying words. All statements other
than statements of historical facts included in this press release
regarding the Company's strategies, prospects, financial condition,
operations, costs, plans and objectives are forward-looking
statements. Important factors that could cause the Company's actual
results and financial condition to differ materially from those
indicated in the forward-looking statements. Such forward-looking
statements include, but are not limited to, risks and uncertainties
including those regarding: the Company's ability to collect its
accounts receivable in a timely manner, the Company's business
strategies, the ability of the Company to market to the Ispire
ONE™, Ispire ONE's success if meeting its goals, the ability of its
customers to derive the anticipated benefits of the Ispire ONE™ and
the success of their products on the markets; the Ispire ONE™
proving to be safe, and the risk and uncertainties described in
"Risk Factors," "Management's Discussion and Analysis of Financial
Condition and Results of Operations," "Cautionary Note on
Forward-Looking Statements" and the additional risk described in
Ispire's Annual Report on Form 10-K for the year ended June
30, 2023 and any subsequent filings which Ispire makes with the
U.S. Securities and Exchange Commission. You should not rely upon
forward-looking statements as predictions of future events. The
forward-looking statements made in the press release relate only to
events or information as of the date on which the statements are
made in the press release. We undertake no obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events except as required by law. You should read
this press release with the understanding that our actual future
results may be materially different from what we expect.
IR Contacts:
For more information, kindly contact:
Investor Relations
Sherry Zheng
718.213.7386
ir@ispiretechnology.com
KCSA Strategic Communications
Phil Carlson
212.896.1233
ispire@kcsa.com
PR Contact:
Ellen Mellody
570.209.2947
EMellody@kcsa.com
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SOURCE Ispire Technology Inc.