Jeffs' Brands Scales Up the Fort Brand and Establishes Dedicated Production Line in China
January 31 2024 - 6:24AM
Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR,
JFBRW), a data-driven e-commerce company operating on the Amazon
Marketplace, today announced it has completed the establishment of
a dedicated manufacturing line for a wide range of products offered
by its wholly-owned subsidiary Fort Products Ltd. (“Fort”), in
China. The new dedicated production line will facilitate in meeting
future demands and cost reductions.
Fort currently offers over 120 different products for pest
control and related products, both for consumers, through its brand
on the Amazon Marketplace and as wholesaler for organizations and
institutions. The majority of its sales are from the UK market,
with new markets emerging in additional territories such as France,
Spain, the Netherlands.
"Since acquiring the Fort brand in March 2023, we have witnessed
the growing potential of this business and pursued many
opportunities to convert this potential into sales and revenues. In
the past year, we have expanded into new regions, thereby
broadening the reach of our brand. Additionally, we have enhanced
our product range by introducing and entering into distribution
agreements for new products in line with market trends and
demands," states Victor Hakmon, Chief Executive Officer of Jeffs'
Brands. " The combination of our core technology and our skilled
marketing team is facilitating an expansion in our customer base
and a boost in sales. To support this growth, a dedicated
production line is instrumental in scaling up our business
operations."
About Jeffs’ Brands Ltd
Jeffs' Brands is transforming the world of e-commerce by
creating and acquiring products and turning them into market
leaders, tapping into vast, unrealized growth potential. Through
our stellar team’s insight into the FBA Amazon business model,
we’re using both human capability and advanced technology to take
products to the next level. For more information on Jeffs’ Brands
Ltd visit https://jeffsbrands.com.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the “safe harbor”
created by those sections. Forward-looking statements, which are
based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as “believe,” “expect,” “may,”
“should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,”
“anticipate” or other comparable terms. For example, we are using
forward-looking statements when discussing the emergence of new
markets by Fort in additional territories. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only on our current beliefs,
expectations and assumptions regarding the future of our business,
future plans and strategies, projections, anticipated events and
trends, the economy and other future conditions. Because
forward-looking statements relate to the future, they are subject
to inherent uncertainties, risks and changes in circumstances that
are difficult to predict and many of which are outside of our
control. Our actual results and financial condition may differ
materially from those indicated in the forward-looking statements.
Therefore, you should not rely on any of these forward-looking
statements. Important factors that could cause our actual results
and financial condition to differ materially from those indicated
in the forward-looking statements include, among others, the
following: our ability to adapt to significant future alterations
in Amazon’s policies; our ability to sell our existing products and
grow our brands and product offerings, including by acquiring new
brands; our ability to meet our expectations regarding the revenue
growth and the demand for e-commerce; the overall global economic
environment; the impact of competition and new e-commerce
technologies; general market, political and economic conditions in
the countries in which we operate; projected capital expenditures
and liquidity; the impact of possible changes in Amazon’s policies
and terms of use; and the other risks and uncertainties described
in the Company’s Annual Report on Form 20-F for the year ended
December 31, 2022, filed with the U.S. Securities and Exchange
Commission (“SEC”), on April 10, 2023 and our other filings with
the SEC. We undertake no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Investor Relations Contact: Michal Efraty Adi and Michal PR- IR
Investor Relations, Israel +972-(0)52-3044404 michal@efraty.com
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