PLANO, Texas, Feb. 19, 2021 /PRNewswire/ -- Dogness
(International) Corporation ("Dogness" or the "Company") (NASDAQ:
DOGZ), a developer and manufacturer of a comprehensive line of
Dogness-branded, OEM and private label pet products, today
confirmed it does not currently expect a material impact from this
week's winter storm and resulting power outages across Texas.
The Company noted its distribution facility in Plano, Texas has not been seriously impacted,
nor has its ability to fulfill customer orders been materially
impacted beyond short-term logistics delays due to poor road
conditions and delays in trucking dispatches.
Silong Chen, Chairman and Chief
Executive Officer of Dogness, commented, "Our thoughts are with
fellow Texans, including Dogness' team members and the countless
pets we strive to serve. The strength of this recent winter
storm and power loss created a dangerous situation for both pets
and pet parents, which we understand the power companies and state
authorities are working to fix as quickly as possible. Dogness
encourages all Texans to bring their pets inside during this
challenging weather. Dogness made the strategic decision last fall
to build our internal inventory of top selling, higher volume
products in order to best serve customers' increasing demand levels
going into and out of the important holiday season. This
proactive strategy gives us added confidence we will be able to
continue to fulfill higher order levels from our diverse customer
base, which covers some of the largest pet product and lifestyle
companies across all key channels – specialty, mass market,
online/eCommerce and retail stores."
About Dogness
Dogness (International) Corporation was founded 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 200 patents and patents pending.
Dogness products reach families worldwide through global chain
stores and distributors. For more information, please visit:
ir.dogness.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 lingering
effects of the Covid-19 pandemic on our customers' businesses and
end purchasers' disposable income, further developments in
operations related to severe winter weather, our ability to raise
capital on any particular terms, fulfillment of customer orders,
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.
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SOURCE Dogness International Corporation