Jeffs' Brands: Fort Signs Exclusive Distribution Agreement for the Sale and Marketing of Solar Panel Protection Products
23 January 2024 - 11:33PM
Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR,
JFBRW), a data-driven e-commerce company operating on the Amazon
Marketplace, announced today that its wholly owned subsidiary, Fort
Products Ltd. (“Fort”), had signed an exclusive distribution
agreement with a leading manufacturer of solar panel protection and
related products (the “Products”). According to the agreement, Fort
was granted the exclusive right to sell and market the Products as
an independent distributor, with no territorial limitation.
Fort has previously achieved great success in selling the
Products on the Amazon Marketplace UK. As a result, Fort and the
manufacturer decided to expand their partnership and enter into an
exclusive distribution agreement. Fort plans to market and sell the
Products on the global Amazon Marketplace and as a wholesaler.
"As a leading brand in the pest control market, Fort recognized
the growing demand for protecting solar panels from pests, leading
us to expand into the solar panel protection sector. This exclusive
distribution agreement and our success with similar products are
testaments to our adaptability and commitment to addressing
evolving market needs," states Victor Hakmon, CEO of Jeffs'
Brands.
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 exclusive offer and
sale by Fort of the Products on the global Amazon Marketplace and
as a wholesaler. 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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