Marketwired: Apr 03, 2018 -- Relevium Announces All-Time Record High of Units Sales for Bioganix(R) in March
MONTREAL, QUEBEC -- (Marketwired) -- Apr 03, 2018 -- Relevium Technologies Inc.Relevium Technologies Inc. (
TSX VENTURE: RLV)( OTCQB: RLLVF)( FRANKFURT: 6BX) (the "Company" or "Relevium"), is pleased to report an all-time record high in unit sales for the month of March 2018.
The reported record high of 16,549 units, which was achieved in a seasonally low period, reflects increased online demand for the Bioganix® established product line, which is expected to translate into sales in excess of $439,000 for the month of March. The monthly high did not include the effect from new product launches, which are expected to have an incremental positive impact over the next six months.
The company's all-time record high of units sold is an important achievement for Relevium's Bioganix® brand. The Company continues to increase its subscriber base and number of SKUs, now totaling over 230,000 and 38 respectively.
Impact on the Business
-- Increase of Bioganix® demand sets the stage for successful launch of new products -- The results indicate that the company's investment in Mach 2.0 Marketing Engine is starting to pay dividends
Impact on Shareholders
-- Increased confidence that management remains engaged on delivering sustainable value to its brands, customers and shareholders -- Incremental value to the acquired Bioganix® business through increased brand equity, exclusive product lines and geographic expansion -- Relevium is steadily building solid base for shareholder value creation, which will deliver future dividends
Abis Hussain, SMO of Relevium, stated: "The implications of this may seem trivial, but the results form this month in a seasonally low period indicate that Mach 2.0 is working as designed. We expect this to also have a positive impact on new products launches over the next six months."
Aurelio Useche, CEO of Relevium, stated: "This is the first real test of the capabilities of our marketing engine following months of adjustments and beta testing. This small but important success is an important achievement for the company and for our digital marketing and operating teams."
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the acquisition of businesses, products and/or technologies with a focus on e-commerce in the growing health and wellness sector. Relevium Technologies Inc. also holds patented intellectual property for the use of static magnetic fields for application on wearable devices.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.