Reviv3 Procare Co (OTCMKTS: RVIV) has been making a steady move up over the past year, dropping below a dime in 2022 with $0.057 lows the stock has been rising steadily over the past year recently hitting a high of $0.50.
Currently engaged in the manufacturing, marketing, sale and distribution of professional quality hair and skin care products under various trademarks and brands, Reviv3 Procare has adopted and used the trademark products for distribution throughout the United States, Canada, Europe and Asia pursuant to the terms of 12 exclusive distribution agreements with various parties throughout our targeted markets.
Reviv3 Procare Co (OTCMKTS: RVIV) is an emerging global e-commerce consumer products company. The Company is a direct-to-consumer marketer of premium hearing enhancement and protection products, including ear plugs, earmuffs, and ear buds, under the AXIL brand and premium hair and skincare products under its in-house Reviv3 Procare brand – selling products in the United States, Canada, the European Union and throughout Asia.
The Company’s manufacturing operations are outsourced and fulfilled through our co-packers and manufacturing partners. The Company purchased inventories and products from four vendors totaling approximately $343,015 (97% of the purchases at 10%, 23%, 30% and 34%) during the year ended May 31, 2022. Currently, we produce 7 products with 16 separate stock keeping units (“SKUs”) and plan to expand our product lines over the next 12 months.
The personal care product industry boasts roughly 750 companies that generate a combined annual revenue of more than $40 billion. The 50 largest companies comprise almost 70% of the entire revenue. Still, we believe the market will bear competition from small companies able to offer specialized products or cater to particular niche markets.
Makeup, deodorant and nail products comprise 33% of health and beauty care industry revenue. Hair care products generate 25% of personal care product revenue, while creams and lotions comprise 21%. Perfumes, mouthwashes, shaving preparations and other products make up the remaining revenue for beauty skin care product revenues.
Recently RVIV entered into a new distribution agreement with Milipol International Est (“Milipol”) for exclusive distribution of AXIL hearing protection and performance hearing products in the United Arab Emirates (“UAE”) territories.
Milipol provides distribution, logistics, consultancy, and support services to multiple industries including defense and aerospace, construction, manufacturing and assembly, and real estate within UAE. Milipol is registered as an official supplier in the UAE Ministry of Defense and Ministry of Interior and a member of TRACE, a globally recognized non-profit business association dedicated to compliance and good governance.
The distribution agreement includes AXIL’s full array of hearing protection and performance systems, including GS Extreme 2.0®, GS Digital®, and Trackr advanced hearing protection solutions. Under the terms of the agreement, Milipol will be the exclusive representative and distributor of AXIL products in the UAE.
The Company recently entered into an agreement with TACFORCE AG for distribution of AXIL hearing enhancement and protection products in Switzerland. The distribution agreement includes AXIL’s full array of hearing protection and performance systems, including GS Extreme 2.0®, GS Digital®, and Trackr™ advanced hearing protection solutions. Under the terms of the agreement, TACFORCE AG will be the exclusive representative and distributor of AXIL products in Switzerland.
On February 28 RVIV announced it entered into an exclusive agreement with Beretta Holding S.A. to distribute AXIL hearing enhancement and protection products in Australia. The agreement with Beretta Holding marks another important milestone for Reviv3 as it continues its global expansion, while providing customers with industry-leading audio enhancement and protection solutions.
Reviv3 CEO Jeff Toghraie stated: “We are thrilled to have Beretta Holding as a partner to help us reach more customers with our innovative product portfolio. This agreement is another step forward towards our goal of becoming a global leader in the hearing protection and enhancement space.”