ToughBuilt Announces Launch of Amazon Mexico Storefront as Part of Global E-Commerce Initiative
June 12 2019 - 9:00AM
ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT;
TBLTW), a leading designer, manufacturer and distributor
of innovative tools and accessories for the building industry,
today announced the launch of its Amazon Mexico storefront, as part
of the Company’s global e-commerce initiative.
Michael Panosian, Chief Executive Officer of ToughBuilt,
commented, “As previously announced, we are generating significant
traction since the rollout of our Amazon storefront in the
U.S. To build on this momentum, we recently launched in
Canada and Australia, we are now launching in Mexico, with plans to
launch our products on Amazon in other international markets, as
well as a variety of additional e-commerce platforms around the
world.”
“We are also pleased to announce we have retained Amato and
Partners as our Investor Relations advisor,” Mr. Panosian
continued.
Amato and Partners is a full-service investor relations firm,
they provide ongoing strategic advisory services on navigating the
capital markets and provides ongoing visibility to the investment
community. Amato and Partners is dedicated to building
long-term shareholder value for clients through a professional and
customized investor relations process.
About ToughBuilt Industries, Inc.
ToughBuilt is a groundbreaking designer, manufacturer and
distributor of innovative tools and accessories to the building
industry. We market and distribute various home improvement and
construction product lines for both the do-it-yourself and
professional markets under the TOUGHBUILT® brand name, within the
global multibillion dollar per year tool market industry. All of
our products are designed by our in-house design team. Since
launching product sales in 2013, we have experienced significant
annual sales growth. Our current product line includes three
major categories, with several additional categories in various
stages of development, consisting of Soft Goods & Kneepads and
Sawhorses & Work Products. Our mission is to provide products
to the building and home improvement communities that are
innovative, of superior quality derived in part from enlightened
creativity for our end users while enhancing performance, improving
well-being and building high brand loyalty. Additional
information about the Company is available at:
https://www.toughbuilt.com/.
Forward-Looking Statements
This press release contains “forward-looking statements.” Such
statements may be preceded by the words “intends,” “may,” “will,”
“plans,” “expects,” “anticipates,” “projects,” “predicts,”
“estimates,” “aims,” “believes,” “hopes,” “potential” or similar
words. Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the Company’s control, and cannot be predicted or
quantified and consequently, actual results may differ materially
from those expressed or implied by such forward-looking statements.
Such risks and uncertainties include, without limitation, risks and
uncertainties associated with (i) market acceptance of our existing
and new products, (ii) negative clinical trial results or lengthy
product delays in key markets, (iii) an inability to secure
regulatory approvals for the sale of our products, (iv) intense
competition in the medical device industry from much larger,
multinational companies, (v) product liability claims, (vi) product
malfunctions, (vii) our limited manufacturing capabilities and
reliance on subcontractors for assistance, (viii) insufficient or
inadequate reimbursement by governmental and other third party
payers for our products, (ix) our efforts to successfully obtain
and maintain intellectual property protection covering our
products, which may not be successful, (x) legislative or
regulatory reform of the healthcare system in both the U.S. and
foreign jurisdictions, (xi) our reliance on single suppliers for
certain product components, (xii) the fact that we will need to
raise additional capital to meet our business requirements in the
future and that such capital raising may be costly, dilutive or
difficult to obtain and (xiii) the fact that we conduct business in
multiple foreign jurisdictions, exposing us to foreign currency
exchange rate fluctuations, logistical and communications
challenges, burdens and costs of compliance with foreign laws and
political and economic instability in each jurisdiction. More
detailed information about the Company and the risk factors that
may affect the realization of forward looking statements is set
forth in the Company’s filings with the Securities and Exchange
Commission (SEC), including the Company’s Annual Report on Form
10-K and its Quarterly Reports on Form 10-Q. Investors and security
holders are urged to read these documents free of charge on the
SEC’s web site at http://www.sec.gov. The Company assumes no
obligation to publicly update or revise its forward-looking
statements as a result of new information, future events or
otherwise.
Contact:
Amato and Partners, LLCInvestor Relations
212-430-0360admin@amatoandpartners.com
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