Smart for Life Products Selected by Amazon for Launch in Singapore
March 17 2022 - 9:00AM
Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the
“Company”), a leading developer, marketer, and manufacturer of
nutritional and related products, announced today that it is
launching various Smart for Life products under the Doctors
Scientific Organica brand on Amazon Singapore, expanding the
Company’s international presence into Southeast Asia.
Smart for Life was selected by Amazon to
introduce several of its key SKUs into Amazon’s storefront in
Singapore. This is being done alongside the expansion of Amazon.sg,
which is Amazon’s dedicated Singapore site launched in 2019 to
diversify its product offering in the fast-growing Asian market.
Currently, the Doctors Scientific Organica brand, which was
specifically developed for the Amazon marketplace, is the first of
the Company’s brands to launch on this platform. The launch on
Amazon Singapore initially includes the highest selling vitamins
and supplements under the Doctors Scientific Organica brand. Going
forward, the array of products to be offered by the Company on
Amazon Singapore is expected to eventually include Smart for Life’s
popular protein bars, cookies, and keto products, as well as the
full line of vitamins, supplements and gummies.
“Singapore represents a significant new market
for Smart for Life as we continue to expand our global footprint,”
stated Ryan Zackon, Smart for Life’s Chief Executive Officer. “This
is a great complement to our existing international sales in
Canada, Mexico and overseas. With the power of Amazon by our side,
we will be providing pallets of finished products to Amazon’s
distribution centers, and Amazon will be utilizing their turn-key
logistics and distribution in Southeast Asia as part of the
Fulfillment by Amazon (FBA) program in the region.”
Singapore is a high-growth emerging marketplace
in Asia, which benefits from the fact that English is the
predominant language. Its internet penetration rate is significant,
with over 90% of the population having online access in 2021.
According to data analytics firm Statista, Singaporean e-commerce
market revenue was approximately $2.7 billion in 2021, with 16%
growth expected year-over-year.
“In addition to our successful acquisition
strategy, this expansion into Singapore demonstrates our ability to
capitalize on meaningful new opportunities for organic growth,”
stated Darren Minton, President of Smart for Life. “We are proud
that Amazon selected Smart for Life and Doctors Scientific Organica
to connect with the highly engaged consumer base in Singapore and
Southeast Asia. This supports Smart for Life’s commitment to
bringing our brands to new customers around the world and expanding
our existing sales channels.”
Certain Smart for Life branded products under
the Doctors Scientific Organica brand are already listed on
Amazon’s Singapore domain: www.amazon.sg, with additional products
expected to be shipped to Amazon logistics centers starting in the
second quarter of 2022 and appearing thereafter.About Smart
for Life, Inc.
Smart for Life, Inc. (Nasdaq: SMFL) is engaged
in the development, marketing, manufacturing, acquisition,
operation and sale of a broad spectrum of nutritional and related
products with an emphasis on health and wellness. Structured as a
global holding company, the Company is executing a buy-and-build
strategy with serial accretive acquisitions creating a vertically
integrated company with an objective of aggregating companies
generating a minimum of $300 million in revenues within the next
thirty-six months. To drive growth and earnings, Smart for Life is
developing proprietary products as well as acquiring other
profitable companies, encompassing brands, manufacturing and
distribution channels. The Company currently operates four
subsidiaries including Doctors Scientific Organica, Nexus Offers,
Bonne Santé Natural Manufacturing and GSP Nutrition. For more
information about Smart for Life, please visit:
www.smartforlifecorp.com.
Video regarding the Company’s manufacturing
facility at Bonne Santé Natural Manufacturing is available at:
www.bonnesantemanufacturing.com/video.
Investor material and a Fact Sheet with
additional information about Smart for Life is available at:
www.smartforlifecorp.com/investor-center.
Forward-Looking Statements
This press release may contain information about
our views of future expectations, plans and prospects that
constitute forward-looking statements. All forward-looking
statements are based on management’s beliefs, assumptions and
expectations of Smart for Life’s future economic performance,
taking into account the information currently available to it.
These statements are not statements of historical fact. Although
Smart for Life believes the expectations reflected in such
forward-looking statements are based on reasonable assumptions, it
can give no assurance that its expectations will be attained. Smart
for Life does not undertake any duty to update any statements
contained herein (including any forward-looking statements), except
as required by law. No assurances can be made that Smart for Life
will successfully acquire its acquisition targets. Forward-looking
statements are subject to a number of factors, risks and
uncertainties, some of which are not currently known to us, that
may cause Smart for Life’s actual results, performance or financial
condition to be materially different from the expectations of
future results, performance or financial position. Actual results
may differ materially from the expectations discussed in
forward-looking statements. Factors that could cause actual results
to differ materially from expectations include general industry
considerations, regulatory changes, changes in local or national
economic conditions and other risks set forth in “Risk Factors”
included in our filings with the Securities and Exchange
Commission.
Disclaimer
The information provided in this press release
is intended for general knowledge only and is not a substitute for
professional medical advice or treatment for specific medical
conditions. Always seek the advice of your physician or other
qualified health care provider with any questions you may have
regarding a medical condition. This information is not intended to
diagnose, treat, cure or prevent any disease.
Investor Relations Contact
Crescendo Communications, LLCTel: (212)
671-1021SMFL@crescendo-ir.com
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