Next Investors logo grey

Fast-growing IOT reveals promising business updates

Published 26-OCT-2017 12:03 P.M.


2 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

Selfie drone maker, The IOT Group Limited (ASX:IOT), has today updated the market with some encouraging business highlights.

IOT has noted that purchase orders have been received and AirSelfies dispatched to b8ta stores across the US. The plan is for the AirSelfie product to be in all b8ta stores by November.

B8ta is a new concept in retailing which centres on innovative products intended to generate new excitement around shopping in traditional retail stores.

The company was founded in 2015 by Nest alums Vibhu Norby, William Mintun and Phillip Raub, and has outlets in San Francisco, Palo Alto, Santa Monica, Seattle, and Austin, among others.

B8ta is highly selective about products for its range and only accepts around 20% of the products offered.

Inside a b8ta store:

Next Investors Image

IOT has also revealed that it has signed with the US-based First Delta Group as an addition to its Sales Accelerator Network.

It should be noted that this agreement is in its early stages and investors should seek professional financial advice for further information if considering this stock for their portfolio.

First Delta Group will work with Spring/Cities as a consultancy firm headquartered in Chicago, IL, with offices in Baltimore, MD, New York City, & Deerfield Beach, FL.

First Delta Group assures successful sell through to the end-user. It has been in business for over 30 years and has represented some of the biggest and best brands in the industry. Some of its manufacturing partners have included MakerBot 3D Printing, iHome, Beats by Dre, Ring Video Doorbell, Yamaha, Casio, Samsung, TDK, Sony, Kodak and GE.

Additionally, IOT has announced that B&H Photo has listed the AirSelfie product on its website. Amazon is also in the process of doing the same for ROVA colours and AirSelfie, and Best Buy US will follow suit with AirSelfie in November, with a view to extending it throughout its stores.

Telstra has taken delivery of the first AirSelfie order, which will be in stores throughout Australia over this week and will be included in the main catalogue next week for Christmas.

South America / LATAM sales introductions have been very encouraging and purchase orders will emerge from Mexico and Colombia within the first 14 days of November for immediate listing before Christmas. London, Ireland and Benelux will do the same.

In the EU, UK and South America/LATAM, IOT’s sales accelerators are also targeting online retailers for Christmas, with plans for wider distribution for 2018 and 2019. This will mean immediate sales for November and December and programmed sales for 2018.

Retailers in all areas of IOT distribution are willing to list the AirSelfie and ROVA for their 2018 sales planograms.

IOT executive director, Sean Neylon, said: “IOT is increasing its reach in the US with listing the AirSelfie in the new b8ta stores across the US. Telstra, Best Buy, Amazon, B&H and many more are now listing and stocking the AirSelfie and ROVA.”

“With agreements being signed with more sales accelerators and distributors around the world, including South America and Europe, IOT is growing fast and anticipates good results to complete the year.”

General Information Only

S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.

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.