ToughBuilt Launches Products inside UK’s Largest Home Improvement Chain
ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW; TBLTU), the main fashion designer, manufacturer, and distributor of revolutionary tools and accessories for the building enterprise, nowadays introduced the introduction of 24 SKUs throughout 412 Screwfix shops.
Screwfix is the UK’s largest multi-channel retailer of exchange equipment, accessories and hardware products and is a division of Kingfisher p.C, the most important home improvement organization in Europe with over 1,300 stores in 10 countries in Europe, Russia, and Turkey.
Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “The release of our first products inside Screwfix marks a crucial milestone in our European growth approach. We agree with this launch also illustrates each the scalability of our enterprise model, as well as the traction we’re gaining the world over due to the advanced fine and developing the reputation of our merchandise.”
About ToughBuilt Industries, Inc.
ToughBuilt is a dressmaker, producer, and distributor of revolutionary equipment and add-ons to the building enterprise. We market and distribute various domestic improvement and construction product traces for each the do-it-yourself and professional markets below the TOUGHBUILT emblem call, in the global multibillion dollar in line with 12 months device marketplace enterprise. All of our products are designed with the aid of our in-residence design group. Since launching product sales in 2013, we’ve experienced a massive annual sales boom. Our cutting-edge product line includes 3 fundamental classes, with several extra categories in diverse tiers of improvement, together with Soft Goods & Kneepads and Sawhorses & Work Products. Our undertaking is to offer merchandise to the constructing and home improvement communities that are progressive, of superior first-rate, derived in part from enlightened creativity for our cease users whilst enhancing performance,
This press release carries “forward-looking statements.” Such statements may be preceded by way of the words “intends,” “may additionally,” “will,” “plans,” “expects,” “anticipates,” “initiatives,” “predicts,” “estimates,” “targets,” “believes,” “hopes,” “ability” or comparable words. Forward-looking statements are not guarantees of destiny performance, are primarily based on pure assumptions and are difficulty to diverse recognized and unknown risks and uncertainties, a lot of that are beyond the Company’s control, and can’t be expected or quantified and consequently, real consequences may also differ materially from those expressed or implied by means of such ahead-looking statements. Such risks and uncertainties encompass, with out trouble, risks and uncertainties associated with (i) marketplace recognition of our current and new merchandise, (ii) negative scientific trial outcomes or lengthy product delays in key markets, (iii) an lack of ability to comfy regulatory approvals for the sale of our products, (iv) intense opposition within the medical tool enterprise from plenty large, multinational businesses, (v) product legal responsibility claims, (vi) product malfunctions, (vii) our constrained production skills and reliance on subcontractors for help, (viii) inadequate or insufficient compensation by means of governmental and different third birthday celebration payers for our merchandise, (ix) our efforts to efficiently attain and preserve highbrow property safety masking our merchandise, which won’t achieve success, (x) legislative or regulatory reform of the healthcare machine in each the U.S. And foreign jurisdictions, (xi) our reliance on single providers for certain product components, (xii) the fact that we are able to want to raise additional capital to fulfill our commercial enterprise necessities within the future and that such capital raising can be high-priced, dilutive or hard to gain and (xiii) the fact that we conduct enterprise in more than one foreign jurisdictions, exposing us to foreign exchange price fluctuations, logistical and communications demanding situations, burdens, and expenses of compliance with foreign laws and political and financial instability in every jurisdiction. More specific information approximately the Company and the chance factors that could affect the conclusion of forwarding searching statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), which include the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are advised to study those files free of fee at the SEC’s new website at http://www.Sec.Gov. The Company assumes no responsibility to publicly replace or revise its ahead-searching statements as a result of new data, destiny activities or in any other case.