Jeffs' Brands Enters the Global Agriculture Market with Exclusive Worldwide Distribution Agreement
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Jeffs' Brands' leading brand Fort partnered with EasyLure for the sale and distribution of its innovative pest control solution
Tel Aviv, Israel, Dec. 04, 2023 (GLOBE NEWSWIRE) -- 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 its, wholly owned subsidiary Fort Products Ltd. (“Fort”) signed an exclusive distribution agreement with EasyLure, for the sale and distribution of its groundbreaking pest control solution, the Entopest Fruit Fly Attractant. This agreement marks a significant expansion of Jeffs' Brands' pest control portfolio into the agricultural sector and strengthens its position in the global agricultural solutions market.
Pursuant to the distribution agreement, Fort will have exclusive rights to sell and distribute globally the Entopest Fruit Fly Attractant, an acclaimed pest control solution for its effectiveness and eco-friendliness. This partnership aligns with Jeffs' Brands' strategy to offer a wide range of effective solutions to its customers around the world.
"This global distribution agreement with EasyLure is an important step for Jeffs' Brands as we expand to the agriculture market," stated Viki Hakmon, CEO of Jeffs' Brands. "Our aim is to revolutionize agricultural practices with sustainable and efficient products, and this partnership is just the beginning. This exclusive partnership underscores the Company's dedication to identifying and investing in products that deliver real value to consumers”.
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 discussing the significant expansion of Jeffs' Brands' pest control portfolio into the agricultural sector and the strengthening of its position in the global agricultural solutions market. 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 Company’s Annual Report on Form 20-F for the year ended December 31, 2022, filed with the U.S. Securities and Exchange Commission (“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 Efraty
Adi and Michal PR- IR
Investor Relations, Israel
+972-(0)52-3044404
michal@efraty.com
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