Rising Demand for Jeffs’ Brands Top Selling Pesticide Brand Spurs Expansion into the Wholesale Market
2023年6月16日 - 8:00PM
Jeffs' Brands Ltd (“Jeffs’ Brands” or the “Company”) (Nasdaq: JFBR,
JFBRW), a data-driven e-commerce company operating on the Amazon
Marketplace, today announced that it has launched new wholesale
channel targeting potential organizations and institutional
clients, following an increased demand for its pest control
products.
The needs of clients from the institutional market, as opposed
to the consumer market, are typically characterized by the need for
more sophisticated solutions for pest control and orders in large
quantities. Such clients usually do not place online orders on
consumer platforms such as the Amazon Marketplace.
To address the needs of such institutional clients, the Company
will launch a new industrial product line. To fulfill potential
orders, the Company has set up an online direct sales platform and
a suitable supply chain.
The products sold by Fort Products Ltd.
(“Fort”), the Company’s wholly owned subsidiary, are currently the
Company's bestselling products, offering five private label brands
for pest control on Amazon Marketplace U.K., eBay U.K. and
additional online platforms. Since the beginning of 2023, the
brand's sells surpassed $3.1 million (£2.4 million) in the
U.K..
In March 2023, the Company announced it hadlaunched sales of the
brand’s products on the Amazon Marketplace in the United States.
The Company's mission is to continue its brands' global expansion
and utilize its strength to develop new markets.
"The Fort brand’s productswereour latest acquisition, and we are
extremely pleased with theirperformance since the beginning of the
year. As we are constantly seeking ways to expand our brands'
reach, we identified the growing demand from the institutional
market for robust solutions for pest control," said Viki Hakmon,
Chief Executive Officer of the Company. "Following profound market
research, we laid the complete infrastructure to meet the
requirement of the market as well as developing new dedicated
products and marketing channels. Years of extensive experience in
online marketing enabled us to target this fast- growing market and
introduce our products. We are optimistic about the potential of
the institutional market and our ability to penetrate it.”
According to ResearchDive, the global rodent control market
accounted for $3,209.8 million in 2020 and is predicted to grow
with a CAGR of 4.9%, by generating a revenue of $4,659.7 million by
2028. Pest control, which also includes rodent control, is an
important industry as it ensures health & safety of people as
well as industries that are infected by pests such as rodents.
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 we are discussing our plan to
launch a new pest control product line for the industrial market,
our mission to continue our brands’ global expansion, our
intentions to penetrate new markets, and develop new dedicated
products and marketing channels. 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 Annual Report on Form 20-F for the year ended December 31,
2022, filed with the 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 EfratyAdi and Michal PR-
IRInvestor Relations,
Israel+972-(0)52-3044404michal@efraty.com
Jeffs Brands (NASDAQ:JFBR)
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