Dogness (International) Corporation Announces Operating Updates
August 20 2019 - 2:00PM
Dogness (International) Corporation (“Dogness” or the “Company”)
(NASDAQ: DOGZ), a developer and manufacturer of pet products in
China, including smart products, hygiene products, health and
wellness products, and leash products, today announced operating
updates.
Mr. Aaron (Silong) Chen, Chairman and Chief
Executive Officer of Dogness, commented, “We began the second half
of our fiscal year with a strong start at the 2019 International
Consumer Electronics Show, where our smart products received
attention from prominent international media. The momentum helped
us establish relationships with prominent distributors such as
Chewy.com, Target.com, Walmart.com, electronic product stores such
as Best Buy in Canada, furniture stores such as Nebraska Furniture
Mart, and a well-known online and retail pet chain store. At the
same time, we continued to develop and introduce new products to
the market, such as new feeders and a series of cat products. As we
close out fiscal 2019, we maintain our optimism in our ability to
provide industry-leading pet tech to simplify pet lifestyles, make
them more scientific, and enhance the relationship between pets and
pet caregivers.”
New products
The Company rolled out four new feeders at the
2019 Global Pet Expo in March, including two feeders specifically
designed for cats and a series of cat toys.
The new feeders supplement the existing Dogness
Smart CAM Feeder that has a camera and is connected to the Dogness
App:
- Dogness App Feeder: This large
feeder has 6/7L capacity and also uses an App to customize feeding
schedules for pets. This new feeder is compatible with Alexa for
easy integration with smart homes.
- Dogness App Feeder Mini: This
feeder operates like the Dogness App Feeder but features a smaller
capacity and holds about 2 liters of food. As such, it is
specially designed for cats and small dogs.
- Dogness Programmable Feeder: This
large feeder has 6/7L capacity. Users can program the feeding
schedule right from the control panel on the feeder without
connecting to Wi-Fi.
- Dogness Programmable Feeder Mini:
This operates like the Dogness Programmable Feeder and features a
smaller capacity and holds about 2 liters of food. It is
specially designed for cats and small dogs.
With these new feeders, Dogness has created a
whole line of feeders to suit different users’ needs and price
levels.
In addition, to answer the call from the
industry for more cat-specific products to meet the trend of
increasing cat ownership, Dogness introduced cat toys and portable
feeding and drinking solutions.
Marketing
The Company continued to showcase its products
at international trade shows around the world, including:
- 2019 International Consumer
Electronics Show (CES) in Las Vegas on January 8-11, 2019, where
the Company was well received by prominent international media
including CNN Business, American technology magazine Wired,
France’s most-watched new network BFM TV, and the U.K.’s
design-focused online magazine Design Week.
- 2019 Global Pet Expo in Orlando on
March 20-22, 2019, where the Company exhibited its full suite of
smart pet products, including four new feeders and a series of cat
toys.
Dogness will also participate at two upcoming
trade shows:
- SuperZoo 2019 on August 20-22 at the Mandalay Bay in Las Vegas.
Dogness will showcase its products at booth 3271.
- Pet Fair Asia 2019 on August 21-25 at the Shanghai New
International Expo Centre in Shanghai, China. Dogness will exhibit
at booth E2B01.
Distribution and sales
- As a result of the exposure gained
from attendance at prominent global trade shows, the Company
established several new distribution relationships. These included
Chewy, an online pet product retailer in the U.S., a prominent U.S.
kennel club, a leading U.S. pet product chain store that also sells
its products online, and a pet product distributor in Panama that
supplies to 12 countries in South America. The distributors will
provide consumers access to the Company’s full suite of smart
products and traditional products.
- Sales from the new distribution
relationships have begun to ramp up. Dogness-branded smart products
can now be found online at Chewy, Amazon, Target.com, Walmart.com,
and others as mentioned above, and the Company expects a meaningful
increase in sales of its smart products in future periods.
Research and development
The Company continues to develop new products
and technologies at its main campus and through its minority
interests in Linsun Smart Technology Co., Ltd and Dogness Network
Technology Co., Ltd. The Company continues to develop pet health
and wellness products at its U.S. headquarters in Plano, Texas.
About Dogness
Dogness (International) Corporation was born in
2003 from the belief that pet dogs and cats are important,
well-loved family members. Through its smart products, hygiene
products, health and wellness products, and leash products, Dogness
is able to simplify pet lifestyles, make them more scientific, and
enhance 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 100 patents
and patents pending. Dogness products reach families worldwide
through global chain stores and distributors. For more information,
please visit: ir.dognesspet.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 our ability to raise capital on any particular terms,
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.
Contacts:
ICR, Inc.Rose ZuTel: +1-646-588-0383Email:
ir@dognesspet.com
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