Medigus: Smart Repair Pro Expands its Presence on Amazon Marketplace with Agreement to Purchase Two New Brands
February 09 2021 - 8:35AM
Medigus Ltd. (Nasdaq:MDGS), a technology company engaged in
advanced medical solutions and innovative internet technologies,
today announced that Smart Repair Pro, Inc., (its 50.1% owned
subsidiary) a data-driven e-commerce company operating on the
Amazon Marketplace, signed agreements to purchase assets of two
brands operating on Amazon Marketplace. The closing of the purchase
agreements is subject to customary closing conditions, including an
inspection of the assets.
As part of the agreement, the sellers will sell, assign,
transfer, convey and deliver the right, title and interest in each
of the brands to Smart Repair Pro, which will pay US $700,000 for
the two brands.
Smart Repair Pro’s utilizes its vast knowledge
and unique technology to purchase existing brands and stores and
turn them around, in terms of marketing, ratings and sales. Smart
Repair Pro and Purex Corp., Medigus’ other majority owned
subsidiary, currently manage three successful brands on the Amazon
Marketplace, offering a variety of products. The companies operate
in number of marketplaces, including the U.S., Canada, Australia
and leading countries in Europe.
About Medigus
Medigus is traded on the Nasdaq Capital Market.
To learn more about the company’s advanced technology, please
visit www.medigus.com.
Contact (for media only)Oz Adler Chief
Financial Officer +972-8-6466-880 ir@medigus.com
Cautionary Note Regarding Forward Looking
Statements
This press release may contain statements that
are “Forward-Looking Statements,” which are based upon the current
estimates, assumptions and expectations of the company’s management
and its knowledge of the relevant market. The company has tried,
where possible, to identify such information and statements by
using words such as “anticipate,” “believe,” “envision,”
“estimate,” “expect,” “intend,” “may,” “plan,” “predict,”
“project,” “target,” “potential,” “will,” “would,” “could,”
“should,” “continue,” “contemplate” and other similar expressions
and derivations thereof in connection with any discussion of future
events, trends or prospects or future operating or financial
performance, although not all forward-looking statements contain
these identifying words. For example, the Medigus uses forward
looking statements when discussing the potential closing of the
purchase agreements and its belief that Smart Repair
Pro's vast knowledge and unique technology, allow them to
purchase existing brands and stores and turn them around, in terms
of marketing, ratings and sales. These forward-looking statements
represent Medigus’ expectations or beliefs concerning future
events, and it is possible that the results described in this press
release will not be achieved, due to inter alia the spread of
COVID-19 as well as the restriction deriving therefrom. Nothing in
the description herein should be understood or construed as an
announcement of any revenues generated by Smart Repair Pro, Inc.
from the potential purchase of these assets. By their nature,
Forward-Looking Statements involve known and unknown risks,
uncertainties and other factors which may cause future results of
the company’s activity to differ significantly from the content and
implications of such statements. Other risk factors affecting the
company are discussed in detail in the company's filings with the
Securities and Exchange Commission. Forward-Looking Statements are
pertinent only as of the date on which they are made, and the
company undertakes no obligation to update or revise any
Forward-Looking Statements, whether as a result of new information,
future developments or otherwise. Neither the company nor its
shareholders, officers and employees, shall be liable for any
action and the results of any action taken by any person based on
the information contained herein, including without limitation the
purchase or sale of company securities. Nothing in this press
release should be deemed to be medical or other advice of any
kind.
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