Edison Nation Launches Direct to Consumer PPE Initiative; Amazon Update

Rhea-AI Summary

Edison Nation, Inc. (NASDAQ: EDNT) announced its entry into the Direct to Consumer PPE market with new products launched on Amazon, including Purple Mountain Clean Hand Sanitizer and InUSA disposable face masks. CEO Christopher Ferguson reported a 48% increase in Amazon sales over the past three months compared to the same period in 2019, attributing success to rising core brand sales. Additionally, a new product, Shower Lily, has been introduced. These items have received an average rating of 5-stars since their recent debut.

Positive

• 48% increase in Amazon sales compared to the same period in 2019.
• Successful launch of new PPE products on Amazon.
• Average 5-star ratings across new products.

Negative

• None.

Bethlehem, P.A., Sept. 10, 2020 (GLOBE NEWSWIRE) -- Edison Nation, Inc. (NASDAQ:EDNT), a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, today announced the launch of new products on Amazon.

“We are excited to enter the Direct to Consumer PPE market with the launch of our initial Amazon PPE Products: Purple Mountain Clean Hand Sanitizer and InUSA disposable face masks,” said Christopher Ferguson, CEO.

Purple Mountain Clean a custom blended Made in America hand sanitizer and InUSA 5-pack Disposable Face Masks were recently added to Edison Nation’s catalog of products to compliment the Company’s existing brands such as Cloud B and UberMom.

“Over the last 3 months, we’ve seen a 48% increase in Amazon sales as compared to the same period in 2019 as of result of continually increasing sales of our core brands,” said Edison Nation Chief Executive Officer, Chris Ferguson. “With the Company’s entry into the direct-to-consumer market for PPE supplies, we anticipate that our sales will continue to increase over the coming quarters.”

The company also introduced a new product invented by a member of the Edison Nation Innovator Community, Danny Blacker, called Shower Lily. Shower Lily is a reusable loofah handle, packaged perfectly on Amazon with a luxurious loofah puff and is licensed under Edison Nation’s brand Lily & Gray Living. “Amazon has been a focus of ours over the last several quarters, and we are excited to continue to add to our catalog with “Edison Grown” entrepreneurs,” said Christopher Ferguson. “Nothing better than Made by an Everyday Edison,” added Ferguson.

All three items debuted within the last two weeks and are averaging 5-star ratings.

New items available:

• Purple Mountain Clean Hand Sanitizer(https://amzn.to/2ECL09P)
   
• 5-Pack of Health Disposable Face Masks (https://amzn.to/3bG25vD)
   
•  Shower Lily, Loofah Handle packaged w/ Loofah (https://amzn.to/327xzHH)

Edison Nation Medical

The Company’s medical division, Edison Nation Medical, has launched its online portal for hospitals, government agencies and distributors to access its catalog of Personal Protective Equipment. The site can be found at www.edisonnationmedical.com.

About Edison Nation, Inc.

Edison Nation, Inc. (EDNT), is a multifaceted ecosystem which fosters innovation and drives IP, media and consumer products. Edison offers innovation sourcing, product design, sales, manufacturing, and fulfillment services. Edison Nation’s model is to source innovative ideas to launch internally or license to brand partners. Edison Nation hopes to leverage its television property, Everyday Edisons, to become the recognized leader in the innovator community. For more information, please visit www.edisonnation.com.

Forward-Looking Statements

This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations and plans, including assumptions underlying such statements, are forward-looking statements, and should not be relied upon as representing the Company's views as of any subsequent date. Such forward-looking statements are based on information available to the Company as of the date of this release and involve a number of risks and uncertainties, some beyond the Company's control, that could cause actual results to differ materially from those anticipated by these forward-looking statements, including consumer, regulatory and other factors affecting demand for the Company's products, any difficulty in marketing the Company's products in global markets, competition in the market for consumer products, any inability to raise capital to fund operations and service the Company's debt. Additional information that could lead to material changes in the Company's performance is contained in its filings with the SEC. The Company is under no obligation to, and expressly disclaims any responsibility to, update or alter forward-looking statements contained in this release, whether as a result of new information, future events or otherwise.

Investor Relations: 
Aimee Carroll 
Phone: (866) 536-0943
Email: Investors@edisonnation.com

Attachments

• Purple Mountain Clean Hand Sanitizer
• 5-Pack of Health Disposable Face Masks
• Shower Lily, Loofah Handle packaged w/Loofah

FAQ

What products did Edison Nation launch on Amazon?

Edison Nation launched Purple Mountain Clean Hand Sanitizer, InUSA disposable face masks, and Shower Lily on Amazon.

What was the increase in Amazon sales reported by Edison Nation?

Edison Nation reported a 48% increase in Amazon sales compared to the same period in 2019.

What are the ratings for the new products launched by Edison Nation?

The new products have received an average rating of 5-stars since their debut.

What is the stock symbol for Edison Nation?

The stock symbol for Edison Nation is EDNT.