AXIL Brands, Inc. - RVIV STOCK NEWS

Reviv3 Procare Company (OTCQB: RVIV) announced a distribution agreement with JAMMAS for AXIL hearing protection and performance products in Poland. JAMMAS, known for distributing tactical and outdoor accessories, will oversee all marketing and sales for various AXIL products, including GS Extreme 2.0® and Trackr™ BLU. This partnership aims to enhance product availability and support in promising markets, marking a strategic step in Reviv3's expansion plans. Weston Harris, AXIL Director of Innovation, emphasized the importance of this agreement for future product offerings and market reach.

Reviv3 Procare Company (OTCQB: RVIV) has announced an extension of its collaboration with BPS Direct LLC, allowing the launch of AXIL GS Extreme 2.0 in Bass Pro Shops and Cabela's nationwide. This in-store product launch is set for March 2023 and follows the successful introduction of AXIL products on the retailers' digital platforms. The expanded relationship enhances Reviv3's presence in the outdoor and conservation market, which attracts over 200 million visitors annually. Weston Harris, AXIL Director of Innovation, expressed excitement about reaching a broader audience with innovative hearing protection products.

In the second quarter of 2023, Reviv3 Procare Company (RVIV) reported revenues of $6.7 million, a remarkable 1,264% increase year-over-year, driven by its hearing protection and enhancement business acquisition. Gross profit surged to $5.0 million with a margin of 75%. The company achieved a net income of $987,944 before tax provisions, a significant rise from $28,201 in the prior year. Operating cash flow also improved, generating $2.2 million in the first half of 2023. Management expects future product launches and strategic partnerships to bolster growth.

Reviv3 Procare Company (OTCQB: RVIV) has appointed Ms. Meenu Jain as its new Chief Financial Officer (CFO), effective immediately. With over 25 years of experience in financial and risk management, Jain previously advised publicly traded firms and brings significant corporate finance expertise. Jeff Toghraie, Chairman and CEO, emphasized her role in achieving the company's strategic goals following its acquisition of AXIL. Jain expressed enthusiasm for joining Reviv3 during this transformative period.

Reviv3 Procare Company (OTCQB: RVIV) reported record first quarter revenues of $4.2 million, an increase of 405% year-over-year. Gross profit rose to $3.3 million, compared to $0.47 million last year, while net income before taxes was $0.25 million, a turnaround from a loss of $0.016 million in the same period last year. The cash flow from operations was over $1.8 million. This growth is attributed to the acquisition of AXIL's hearing protection and enhancement business, enhancing profit margins significantly.

Reviv3 Procare Company (OTCQB: RVIV) announced that Wes Harris, the founder of AXIL & Associated Brands, will present at the 40th Emerging Growth Conference. The presentation is scheduled for September 28, 2022, at 11:15 ET (8:15 AM PST). Investors can participate via a webcast, and are encouraged to log in 15 minutes early. Reviv3 is known for its premium hair care products and hearing protection solutions, selling in various markets including the United States and Europe. More details can be found on the company's websites.

Reviv3 Procare Company (OTCQB: RVIV) reported record fiscal year 2022 revenues of $2.3 million, marking a 43% year-over-year growth.

The company anticipates Q1 2023 revenues to exceed $3.4 million, driven by the acquisition of AXIL & Associated Brands. Gross profit increased to 64.5% of revenues, totaling $1.5 million. While net loss reduced to $182,903 from previous losses, rising costs due to supply chain issues and inflation were noted.

Reviv3 Procare Company (OTCQB:RVIV) has completed the acquisition of AXIL & Associated Brands, enhancing its product portfolio in hearing protection and enhancement. CEO Jeff Toghraie emphasized that this move will broaden growth and revenue opportunities. The integration aims to leverage AXIL's expertise in operational efficiencies and innovative products. Reviv3 plans to file pro forma financial statements related to the acquisition with the SEC within two weeks, signaling commitment to transparency and strategic growth.

Reviv3 Procare (OTCQB: RVIV) has announced a definitive agreement to acquire substantially all assets of AXIL & Associated Brands Corp. for approximately $33 million in common and preferred stock. This strategic acquisition, approved by both companies' boards, aims to enhance Reviv3's product offerings and expand revenue potential. The deal is expected to close within the next 90 days, pending customary conditions. AXIL specializes in hearing protection and enhancement products, serving diverse markets including sporting goods and military.