AXIL Brands, Inc. - RVIV STOCK NEWS

Reviv3 Procare Company (OTCQB: RVIV) has announced the immediate appointment of Monica Diaz Brickell as its new Chief Financial Officer, succeeding Meenu Jain, who departed for personal reasons. Brickell brings over 20 years of experience in finance from various global public companies, recently holding the position of International Tax Manager at Top Golf Callaway Brands Corp. Her educational background includes a Master of Science in Accountancy and a Bachelor of Business Administration in Accounting from the University of Notre Dame. CEO Jeff Toghraie expressed confidence in Brickell’s expertise contributing positively to the company’s growth strategy and shareholder value.

Reviv3 Procare Company (OTCQB: RVIV) has announced a partnership with DEFSEC Systems Snd Bhd for the distribution of AXIL hearing protection products in Malaysia. This strategic move aims to expand Reviv3's market reach in Asia, enhancing the availability of their innovative hearing protection systems. CEO Jeff Toghraie emphasized the importance of this partnership for tapping into a significant market. Reviv3's AXIL product line includes advanced hearing protection earbuds and earplugs designed for superior sound quality and hearing safety.

DEFSEC is a well-established supplier in Malaysia, providing a range of defense and security solutions. Reviv3 continues to market premium hearing enhancement products globally, with operations in the U.S., Canada, the EU, and Asia.

Reviv3 Procare Company (OTCQB: RVIV) reported a remarkable financial performance for Q3 2023, achieving revenues of $5.6 million, a staggering 1,087% increase from the previous year. This growth was driven mainly by the sales surge of the AXIL brand hearing protection products. The company recorded a gross profit of $4.2 million, up from $0.34 million in Q3 2022, and improved its gross profit margin to 75%. Net income before tax provisions reached $0.22 million, a turnaround from a loss of $0.09 million year-over-year. With net cash flows from operating activities at $2.32 million for the nine months ending in 2023, Reviv3 celebrates its third consecutive profitable quarter and expansion in international markets.

On March 17, 2023, Reviv3 Procare Company (OTCQB: RVIV) announced a distribution agreement with MEVI EVOCONST SRL for exclusive distribution of AXIL hearing enhancement products in Romania. This agreement includes AXIL GS Extreme 2.0®, GS Digital®, and Trackr advanced hearing protection solutions, along with future product lines in development. Reviv3's Director of Innovation highlighted a growing demand for their products in Europe, suggesting that their expanding international distribution network will positively impact revenue and earnings in the upcoming year.

Reviv3 Procare Company (OTCQB: RVIV) has announced an exclusive partnership with Beretta Holding S.A. to distribute AXIL hearing enhancement and protection products in Australia. This deal represents a significant step in Reviv3's global expansion and aims to provide customers with advanced audio solutions. CEO Jeff Toghraie expressed enthusiasm for the collaboration, suggesting it will drive the company towards its goal of becoming a leader in the hearing protection industry. The AXIL brand is recognized for its technological innovations in hearing solutions across various markets, including military and sports.

Reviv3 Procare Company (OTCQB: RVIV) announced a distribution agreement with TACFORCE AG, which will distribute AXIL hearing enhancement and protection products in Switzerland. This significant milestone marks Reviv3's entry into the Swiss market and aims to enhance its presence in Europe. The agreement covers a wide range of AXIL products, including GS Extreme 2.0®, GS Digital®, and Trackr™. Reviv3 continues to expand its distribution network, planning new product launches later this year as stated by Wes Harris, the Director of Innovation. This move aligns with Reviv3's strategy of growing its international market reach across various regions.

Reviv3 Procare Company (OTCQB: RVIV) has signed a distribution agreement with GMK Ltd. to market AXIL hearing protection products in the UK. This collaboration aims to expand Reviv3’s reach in the UK and enhance its European presence. GMK, a notable distributor established in 1971, supplies firearms and accessories to shooting sports retailers and UK authorities. Reviv3’s AXIL product line features advanced hearing protection technology, including earbuds and earplugs that deliver superior sound quality while safeguarding hearing. The partnership includes distribution of AXIL and Sig Sauer branded products.

Reviv3 Procare Company (OTCQB: RVIV) is set to showcase its AXIL hearing protection products at two prominent trade shows in Nuremberg, Germany, on February 28 and March 2, 2023. The highlights include the AXIL GS Extreme® 2.0 earbuds and Trackr® electronic protection products, aimed at expanding the company’s international sales footprint. Director of Innovations, Weston Harris, stated the events are crucial for accelerating growth in Europe and beyond, emphasizing the premium quality of AXIL products. The company is focused on growing its global presence through new product launches and strategic partnerships.