IOT expands distribution channels in North America
Published 10-OCT-2017 15:57 P.M.
|
1 minute read
Hey! Looks like you have stumbled on the section of our website where we have archived articles from our old business model.
In 2019 the original founding team returned to run Next Investors, we changed our business model to only write about stocks we carefully research and are invested in for the long term.
The below articles were written under our previous business model. We have kept these articles online here for your reference.
Our new mission is to build a high performing ASX micro cap investment portfolio and share our research, analysis and investment strategy with our readers.
Click Here to View Latest Articles
IOT Group (ASX:IOT) provided a sales and marketing update on Tuesday which indicated that the company is well advanced in rolling out its AirSelfie and ROVA Selfie Camera in the US, Canada, Australia, New Zealand, Latin America and South America.
Executive Director of IOT, Sean Neylon said, “Purchase orders are being received and are being processed for immediate delivery and IOT is well-positioned for strong sales in the fourth quarter of 2017”.
However, those considering this stock shouldn’t make assumptions regarding future sales, nor should they base investment decisions on performances to date. Those considering this stock should seek independent financial advice.
He also said that the company expects to receiving orders from all markets in 2018. Underpinning this heightened level of confidence is the appointment of Spring/Cities as a distributor in the US and Canada.
This has provided exclusive control of the Amazon US store for both AirSelfie and ROVA, and the IOT Group will be the exclusive supplier of AirSelfie Amazon. Ranging has also been expanded with the new products available in multiple colours, maximising sales opportunities as the Christmas season approaches.
IOT has also introduced new recommended retail price ROVA pricing of US$149.95 at B&H New York, an outlet that has already confirmed initial purchase orders.
In conjunction with this Best Buy US and Best Buy Canada have realigned their prices accordingly. Spring/cities are in negotiations with both retail groups for the AirSelfie.
IOT has also negotiated the first purchase order from Bloomingdale’s for the ROVA with deliveries to the retailer scheduled to commence this month.
General Information Only
This material has been prepared by StocksDigital. StocksDigital is an authorised representative (CAR 000433913) of 62 Consulting Pty Limited (ABN 88 664 809 303) (AFSL 548573).
This material is general advice only and is not an offer for the purchase or sale of any financial product or service. The material is not intended to provide you with personal financial or tax advice and does not take into account your personal objectives, financial situation or needs. Although we believe that the material is correct, no warranty of accuracy, reliability or completeness is given, except for liability under statute which cannot be excluded. Please note that past performance may not be indicative of future performance and that no guarantee of performance, the return of capital or a particular rate of return is given by 62C, StocksDigital, any of their related body corporates or any other person. To the maximum extent possible, 62C, StocksDigital, their related body corporates or any other person do not accept any liability for any statement in this material.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
