Medigus: Smart Repair Pro to Launch Sales in Germany, Amazon’s Second Global Ranked Market
March 02 2021 - 9:00AM
Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in
advanced medical solutions and innovative internet technologies,
today announced that its 50.1% owned subsidiary, Smart Repair Pro,
Inc., a data-driven e-commerce company operating on the Amazon
Marketplace, gained all required regulatory approvals in Germany
which enables it to launch sales of its brands at Amazon.de.
“As we continue to expand our global reach and our product
portfolio, Germany, which is second largest marketplace in Amazon,
constitutes one of the most attractive markets for our business. We
believe that launching our brands in this country will contribute
to our future revenue stream,” said Victor Hachmon, CEO of Smart
Repair Pro.
Smart Repair Pro, Inc., or Pro, and Purex, Corp., or Purex, are
both California corporations in the e-Commerce field, which operate
online stores for the sale of various consumer products on the
Amazon online marketplace, utilizing the Fulfilment by Amazon
business model. In order to identify existing stores, niches and
products that have a potential for development and growth as well
as maximize sales of their existing proprietary products, Pro and
Purex utilize artificial intelligence and machine learning
technologies to analyze sales data and patterns on the Amazon
marketplace. Pro and Purex operate two online stores through which
three distinct product brands are marketed and sold to consumers in
the United States.
Pro and Purex’s strategy is to achieve organic growth and
profitability by expanding to new geographies, increasing sales of
its existing products through marketing and advertising efforts,
development of new products and brands, supply chain optimization
and inventory management. Pro has completed processes with Amazon,
which will allow for it to open its stores for sale to consumers in
the U.S., Australia, the United Kingdom, Germany and additional
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.
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 theMedigus’ management
and its knowledge of the relevant market. Medigus 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
describing Smart Repair Pro, Inc.’s intention to launch sales in
Germany and the potential contribution to the company's
revenue stream. 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 the
opening of online stores in Germany nor of any revenues generated
by Smart Repair Pro, Inc. from the Germany market. By their nature,
Forward-Looking Statements involve known and unknown risks,
uncertainties and other factors which may cause future results of
Medigus’ activity to differ significantly from the content and
implications of such statements. Other risk factors affecting the
company are discussed in detail in Medigus’ 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 Medigus 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 Medigus’ securities. Nothing in this press
release should be deemed to be medical or other advice of any
kind.
Investor Contact Information
Oz AdlerChief Financial Officer+972-8-6466-880ir@medigus.com
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