Jeffs’ Brands: Fort's Growth Accelerates in Europe Following Launch of Sales
September 24 2024 - 4:03PM
Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR,
JFBRW), a data-driven e-commerce company operating on the Amazon
Marketplace, announced today the successful growth of its
subsidiary Fort Product Ltd. (“Fort”) across Europe following its
recent launch of commercialization of its products in multiple
territories. Fort’s strong performance and positive reviews in the
UK have proven instrumental in driving demand for Fort’s pest
control solutions in additional European markets.
Following the launch of Fort’s products in France, Germany,
Netherlands and Spain, the Company has generated more than $100,000
in sales of the brand’s high-quality, effective pest control
products., since launch in August 2024. This early traction
suggests promising market penetration, and the Company believes the
product's growing reputation for excellence could position Fort as
a rising leader in the European pest control industry."
“We are thrilled to see the strong momentum behind Fort’s sales
growth in Europe,” said Viki Hakmon, Jeffs' Brands’ CEO. “Our
data-driven approach has allowed us to identify key market
opportunities, and we believe that Fort’s superior product quality
and expanding reach will continue to unlock new avenues for growth
across the region.”
This increase in sale volumes aligns with Jeffs' Brands'
strategy of expanding Fort's product offerings and footprint in
Europe through Amazon’s advanced marketplace tools and customer
insights. The Company remains focused on further geographical
expansion and is committed to increasing Fort’s market share across
additional European countries.
About Jeffs’ Brands Ltd
Jeffs' Brands aims to transform the world of e-commerce by
creating and acquiring products and turning them into market
leaders, tapping into vast, unrealized growth potential. Through
the Company’s management team’s insight into the FBA Amazon
business model, it aims to use both human capability and advanced
technology to take products to the next level. For more information
on Jeffs’ Brands Ltd visit https://jeffsbrands.com.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, 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 our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as “believe,” “expect,” “may,”
“should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,”
“anticipate” or other comparable terms. For example, we are using
forward-looking statements when discussing preliminary increase in
sale volumes and successful future growth in the European
markets. Forward-looking statements are neither historical
facts nor assurances of future performance. Instead, they are based
only on our current beliefs, expectations and assumptions regarding
the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy and other
future conditions. Because forward-looking statements relate to the
future, they are subject to inherent uncertainties, risks and
changes in circumstances that are difficult to predict and many of
which are outside of our control. Our actual results and financial
condition may differ materially from those indicated in the
forward-looking statements. Therefore, you should not rely on any
of these forward-looking statements. Important factors that could
cause our actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: our ability to adapt to
significant future alterations in Amazon’s policies; our ability to
sell our existing products and grow our brands and product
offerings, including by acquiring new brands; our ability to meet
our expectations regarding the revenue growth and the demand for
e-commerce; the overall global economic environment; the impact of
competition and new e-commerce technologies; general market,
political and economic conditions in the countries in which we
operate; projected capital expenditures and liquidity; the impact
of possible changes in Amazon’s policies and terms of use; the
impact of the conditions in Israel, including the recent attacks by
Hamas, Iran, and other terrorist organizations; and the other risks
and uncertainties described in the Company’s Annual Report on Form
20-F for the year ended December 31, 2023, filed with the U.S.
Securities and Exchange Commission (“SEC”), on April 1, 2024 and
our other filings with the SEC. We undertake no obligation to
publicly update any forward-looking statement, whether written or
oral, that may be made from time to time, whether as a result of
new information, future developments or otherwise.
Investor Relations Contact:
Michal EfratyAdi and Michal PR- IRInvestor Relations,
Israelmichal@efraty.com
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