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 U.K.’s largest multi-channel retailer of exchange equipment, accessories, and hardware products. It 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 that this launch also illustrates the scalability of our enterprise model and the traction we’re gaining the world over due to the advanced fines and the development of 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 do-it-yourself and professional market below the TOUGHBUILT emblem call in the global multibillion-dollar line with 12 months of 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 three 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 while enhancing performance,
Forward-Looking Statements
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 difficult to diverse recognized and unknown risks and uncertainties, a lot of which 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 using 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 about any and the chance factors that could affect the conclusion of forwarding searching statements are outlined in the Company’s filings with the Securities and Exchange Commission (SEC), which includeits 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 due to new data, destiny activities, or any other case.
