Nocera, Inc. Continues b2c Success with Official Opening of its Flagship Bento Box Store

Rhea-AI Summary

Nocera, Inc. (NASDAQ:NCRA) announced the opening of its flagship bento box store in Nangang District, Taipei. This new business initiative aims to boost profit margins by up to 200% through a business-to-consumer (B2C) model, projected to generate $3 - $6 million in revenue in 2023. The store features popular dishes like grilled eel rice bowl and super value bento box, appealing to the demand of over 25,000 employees in the nearby Nangang Software Park. Nocera’s CEO highlighted the strategic shift from B2B to B2C, leveraging their expertise in fish product trading.

Positive

• Projected revenue of $3 - $6 million from new bento box store in 2023.
• B2C model could increase profit margins by up to 200%.
• High demand for lunch and dinner near Nangang Software Park.

Negative

• None.

TAIPEI, TAIWAN / ACCESSWIRE / December 15, 2022 / Nocera, Inc. (NASDAQ:NCRA) ("Nocera" or the "Company"), a fully integrated sustainable seafood company with a focus on manufacturing and operating land-based Recirculating Aquaculture Systems ("RAS"), announced today that its flagship bento box store located in Nangang District of Taipei City officially opened. Nocera estimates that its food products business-to-consumer ("B2C") model may increase its profit margins by up to 200%. The two signature dishes, grilled eel rice bowl and super value bento box, made an instant hit around Nangang Software Park. Nangang Software Park contains around 400 companies with more than 25,000 people. The demands for lunch and dinner on a day-to-day basis are incredibly high, and Nocera's flagship bento box store became the new rising star.

Nocera forecasted its B2C model, which includes the operation of the flagship bento box store, will create approximately $3 - $6 million of revenue while increasing the profit margin upwards of 200% in 2023. Prior to December 2022, Nocera focused on fish product trading from a business-to-business model with much higher revenue but a lower profit margin. By having the advantages of being the wholesaler of fish products and a good relationship with the farmers, Nocera is entering the b2c market alongside its commitment to increased top line revenues while extending profit margins in direct-to-consumer focused opportunities.

Jeff Cheng, Nocera's Chief Executive Officer, claimed "Seeing our b2b customers success has further encouraged our decision to extend a direct-to-consumer product line. We believe that this will be one of many and comes with significant profit margin effects. It's clear we have an amazing product, and we will continue to look for our own ways to capitalize on it keeping the majority of the profits to ourselves. I'm excited to see what else will come in 2023 in our b2c business!

About Nocera, Inc.

Nocera (NASDAQ: NCRA) is a fully integrated sustainable seafood company that provides land-based recirculation aquaculture systems for both fresh and saltwater fish and invests in fish farms by building high-tech RAS. The Company's main business operation consists of the design, development, and production of large-scale RAS fish tank systems, (aquaculture) for fish farms along with expert consulting, technology transfer, and aquaculture project management services to new and existing aquaculture facilities and operators. For more information, please visit the company's website at www.nocera.company.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are inherently subject to risks and uncertainties. Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipates," "believes," "estimates," "expects," "forecasts," "intends," "may," "plan," "projects," "predicts," "should, "will" and similar expressions as they relate to Nocera are intended to identify such forward-looking statements. These risks and uncertainties include, but are not limited to, the impact of the worldwide COVID-19 pandemic and government actions, general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in methods of marketing, delays in manufacturing or distribution, changes in customer order patterns, changes in customer offering mix, and various other factors beyond the Company's control. Actual events or results may differ materially from those described in this press release due to any of these factors. These forward-looking statements speak only as of the date of this press release and the Company can give no assurance that its expectations will materialize. Nocera is under no obligation to update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Investor Contacts:

Hanover Int'l
Jh@hanoverintlinc.com

SOURCE: Nocera, Inc.

View source version on accesswire.com:
https://www.accesswire.com/731239/Nocera-Inc-Continues-b2c-Success-with-Official-Opening-of-its-Flagship-Bento-Box-Store

FAQ

What is the revenue forecast for Nocera's bento box store in 2023?

Nocera projects revenue between $3 - $6 million from its bento box store in 2023.

How much can Nocera's profit margins increase with the B2C model?

Nocera estimates profit margins may increase by up to 200% with the new B2C model.

Where is Nocera's flagship bento box store located?

The flagship bento box store is located in Nangang District, Taipei City.

What types of dishes are offered at Nocera's bento box store?

The store features dishes like grilled eel rice bowl and super value bento box.