New Health and Wellness E-Commerce Storefront Launches
After Receiving All Required Approvals with Initial Selection of
OPKO Health Products
COCONUT
GROVE, Fla., Feb. 28,
2024 /PRNewswire/ -- NextPlat Corp (NASDAQ:
NXPL, NXPLW) ("NextPlat" or the "Company"), a global e-Commerce
provider, today announced that its exclusive OPKO Health-branded
storefront on Alibaba Group Holding Limited's ("Alibaba")(NYSE:
BABA) Tmall Global in China has
received all required approvals and is scheduled to officially
launch on March 1st.
Under terms of the exclusive joint e-commerce development
agreement with OPKO Health Europe ("OPKO"), a subsidiary of OPKO
Health, Inc. (NASDAQ: OPK), NextPlat is officially launching the
OPKO Health-branded online storefront on Alibaba's Tmall Global
e-commerce platform in China. The new online storefront
initially lists health and wellness products featuring an
assortment of nutraceuticals for bone, joint and eye health as well
as supplements for nutrition and immunity and defense, the sales of
which will create a new international e-commerce revenue stream for
the Company. NextPlat intends to significantly expand the OPKO
online storefront with a wide array of veterinary and animal health
products early in the second quarter of 2024 subject to receipt of
the final government approvals. All in-country sales and marketing
support for the OPKO Health Tmall Global e-commerce site is being
provided by a local online specialist, a Tmall Global-preferred
merchant partner.
"The launch of the OPKO Health e-commerce storefront in
China on Alibaba's Tmall
represents a strategic expansion of our e-commerce growth plans as
we further expand into large new product categories such as health
and wellness. Together with our partners, we intend to continue
growing our offerings and driving significant new e-commerce
revenue by serving the unmet needs of potentially millions of new
consumers in China and around the
world," said Charles M. Fernandez,
Executive Chairman and CEO of NextPlat.
The sales of OPKO products in China will be managed through NextPlat and
will be made available to purchase for Chinese consumers through
Tmall Global. Tmall Global is China's leading import e-commerce platform
where consumers can access over 46,000 international brands.
NextPlat's e-commerce development program, held in coordination
with local Florida chambers of
commerce, initially aims to help Florida-based businesses and manufacturers
market and sell their products to potentially millions of new
customers. The development program features NextPlat's turnkey
global e-commerce solution and leverages the capabilities and reach
of key partners including Alibaba and its Tmall Global platform, a
premier B2C cross-border solution for global brands to reach
Chinese consumers. NextPlat intends to expand this unique
e-commerce development opportunity to businesses throughout
the United States, North America as well as in Central and
South America.
For more information about NextPlat, please visit
www.NextPlat.com and connect with us on Facebook and X (formerly
Twitter).
About NextPlat Corp
NextPlat is a global e-commerce
platform company created to capitalize on multiple high-growth
sectors and markets including technology and healthcare. Through
acquisitions, joint ventures and collaborations, the Company
intends to assist businesses in selling their goods online,
domestically, and internationally, allowing customers and partners
to optimize their e-commerce presence and revenue. NextPlat
currently operates an e-commerce communications division offering
voice, data, tracking, and IoT products and services worldwide and
pharmacy and healthcare data management services in the United States through its subsidiary,
Progressive Care Inc. (OTCQB: RXMD).
About Tmall Global
Launched in 2014, Tmall
Global is Taobao and Tmall Group's dedicated channel for import
e-commerce. Addressing the increasing Chinese consumer demand for
international products and brands, Tmall Global is China's leading import e-commerce platform. It
is the premier platform through which international brands and
retailers reach Chinese consumers, build brand awareness, and gain
valuable consumer insights without the need for physical operations
in China. Today, there are more
than 46,000 brands from over 90 countries and regions on Tmall
Global.
Forward-Looking Statements
Certain statements in this
release constitute forward-looking statements. These statements
include the capabilities and success of the Company's business and
any of its products, services or solutions. The words "believe,"
"forecast," "project," "intend," "expect," "plan," "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other
factors, including the Company's ability to launch additional
e-commerce capabilities for physical and digital assets, transact
business in crypto
currencies and its ability to grow and expand as intended, any of
which could cause the Company to not achieve some or all of its
goals or the Company's previously reported actual results,
performance (finance or operating), including those expressed or
implied by such forward-looking statements. More detailed
information about the Company and the risk factors that may affect
the realization of forward-looking statements is set forth in the
Company's filings with the Securities and Exchange Commission (the
"SEC"), copies of which may be obtained from the SEC's website at
www.sec.gov. The Company assumes no, and hereby disclaims any,
obligation to update the forward-looking statements contained in
this press release.
Media and Investor Contact for NextPlat
Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
View original content to download
multimedia:https://www.prnewswire.com/news-releases/nextplat-opens-opko-health-branded-storefront-on-alibabas-tmall-global-platform-in-china-on-march-1st-302074265.html
SOURCE NextPlat Corp.
