Xspand Products Lab Announces Exclusive Manufacturing Agreement with Brand for Leading Childrens Sleep Products
May 23 2018 - 7:00AM
Xspand Products Lab, Inc. (“Xspand”), a full-service product
development company, today announced that is has signed an
exclusive, two-year manufacturing agreement with a leading
children's sleep products brand with sales in North America,
Europe, Asia and Australia.
The client, which sells a wide variety of award-winning
products, is aimed at helping both young children and their parents
sleep better at night. As part of the agreement, Xspand will work
with the client to exclusively manufacture its existing products
and assist in the development of new product lines.
“This agreement with a leading childrens sleep product brand
stands as a testament to the inherent value that the market places
in our proprietary product development platform,” said Chris
Ferguson, CEO of Xspand Products Lab. “We look forward to
leveraging our team’s product development expertise to not only
manufacture this client’s existing products, but develop exciting
new product lines as well, with a particular focus on lucrative
direct to consumer opportunities. Agreements such as this are
instrumental to our go-forward growth strategy. I look forward to
providing further updates.”
About Xspand Products Lab, Inc.Xspand Products
Lab, Inc. (NASDAQ:XSPL) is a vertically integrated and full-service
product development and manufacturing company, including design,
sales, fulfillment and shipping. Xspand's model is to provide a
risk mitigated platform that connects innovators with companies to
bring new products to market. For more information, please visit
www.xspandproductslab.com.
Forward Looking Statements This press release
contains forward-looking statements that involve substantial risks
and uncertainties. All statements, other than statements of
historical facts, included in this press release regarding
strategy, future operations and plans, including assumptions
underlying such statements, are forward-looking statements, and
should not be relied upon as representing Xspand’s views as of any
subsequent date. Examples of such statements include
statements regarding the strength of Xspand’s operations and
financial position for 2018, anticipated cash resources for
continued operations, sales of Xspand’s products, enhancement of
Xspand’s marketing efforts, the impact of Xspand’s portfolio
development strategy, planned regulatory submissions and potential
approvals, anticipated product launches, the potential benefits of
Xspand’s products, Xspand’s efforts with respect to marketing in
U.S. and international markets, and results of potential
third-party collaborations. Such forward-looking statements are
based on information available to Xspand as of the date of this
release and involve a number of risks and uncertainties, some
beyond Xspand’s control, that could cause actual results to differ
materially from those anticipated by these forward-looking
statements, including consumer, regulatory and other factors
affecting demand for Xspand’s products, any difficulty in marketing
Xspand’s products in global markets, competition in the market for
consumer products, any inability to raise capital to fund
operations and service Xspand’s debt. Additional information
that could lead to material changes in Xspand’s performance is
contained in its filings with the SEC. Xspand is under no
obligation to, and expressly disclaims any responsibility to,
update or alter forward-looking statements contained in this
release, whether as a result of new information, future events or
otherwise.
Investor Relations:Greg Falesnik Managing
Director MZ North America Direct: 949-385-6449 XSPL@mzgroup.us
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