VANCOUVER, Jan. 22, 2018 /CNW/ - Peekaboo Beans Inc.
("Peekaboo Beans" or the "Company") (TSXV-BEAN), a
direct-sales retailer of children's apparel, is pleased to
announce an increase of 1600% in stylist recruitment in the
first half of month of January 2018.
This is the company's largest recruiting month in history. The
company attributes this massive increase to the launch in USA, as
well as a momentum push within Canada.
In the USA, 36 billion dollars of products are sold through
the direct sales channel and 1 in 7 households in the USA has a direct sales business. Children's
apparel is a 10 billion dollar
industry and Peekaboo Beans is the champion in direct sales in the
children's apparel sector, creating products focused on the
developmental needs of children.
To date, 24% of the company's revenue this month stems from the
USA, a significant increase due
again to a well-executed USA
launch.
Traci Costa, CEO of Peekaboo
Beans states, "We assembled a strong team prior to launching in the
USA, and we have strategically
executed on our plan. The results are showing us that the
market is ready for this direct sales opportunity. We are
absolutely thrilled to see this early response, it is what we
predicted and are excited to see this momentum continue to grow
over the next quarter".
About Peekaboo Beans
Peekaboo Beans Inc. is a high-quality, ethically manufactured
children's apparel brand sold exclusively through its direct-sales
network of Stylists or independent sales representatives. In line
with its mission, Peekaboo Beans develops custom fabrics and
designs its apparel to promote play in children's lives. Through
the direct-sales model, Peekaboo Beans trains women to be
entrepreneurs, build a business and generate income on their own
terms.
Peekaboo Beans has 14,488,701 Common Shares and 1,794,369
warrants outstanding and is the first and only Canadian public
company with a majority female board of directors.
Forward-Looking Information
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release. This news release may include forward-looking
information that is subject to risks and uncertainties. All
statements within, other than statements of historical fact, are to
be considered forward-looking. Although the Company believes the
expectations expressed in such forward-looking information are
based on reasonable assumptions, such information is not a
guarantee of future performance and actual results or developments
may differ materially from those contained in forward-looking
information. Factors that could cause actual results to differ
materially from those in forward-looking information include, but
are not limited to, fluctuations in market prices, successes of the
operations of the Company, continued availability of capital and
financing and general economic, market or business conditions.
There can be no assurances that such information will prove
accurate and, therefore, readers are advised to rely on their own
evaluation of such uncertainties. The Company does not assume any
obligation to update any forward-looking information except as
required under the applicable securities laws.
SOURCE Peekaboo Beans Inc.