#CBD #Stock News: SinglePoint (OTCQB: $SING) Enters JV Agreement to Further Expand and Accelerate Opportunities Due to Increased New Client (Retail and B2B) Demand in #HandSanitizer Market with Simplex + Virus Killer
News: SinglePoint (OTCQB: $SING) Enters JV Agreement to Further Expand and
Accelerate Opportunities Due to Increased New Client (Retail and B2B) Demand in
#HandSanitizer Market with Simplex + Virus Killer
Hand Sanitizer Market to cross USD 3.6 Bn by 2026
Arizona - April 28, 2020 (Investorideas.com Newswire) SinglePoint, Inc. (OTCQB: SING) ramping
up effort to meet in bound demand for hand sanitizer and other sanitizing
products. The company recently entered into an LOI that quickly progressed to a
JV Agreement with Box-Bioscience. The agreement will provide both parties with
the capability to enhance supply and expand sales opportunities of hand
sanitizer. The product is current sold in a variety of sizes ranging from 2oz
to truckloads for bulk supply. With the successful rollout of Klen, SinglePoint
has been approached by larger retailers to supply bulk products. This shift has
set the stage for a Joint Venture between the two companies to supply hand
sanitizer manufactured to the current FDA guidelines. Box has already completed
orders with multiple accounts, including segments of Fortune 500 companies
around the nation with new sales and inquiries happening daily.
Inquiries or Purchases Email - firstname.lastname@example.org or call 855-711-2009
are excited to work with SinglePoint to expand and grow our collective
business. We have seen multiple Purchase Orders and we expect an increase over
the coming months as many retailers and businesses change protocols around
sanitizing. This is a true B2B play with nearly all businesses needing hand
sanitizer for customers and employee's protection", states Ryan Cowell,
Founder Box Bioscience.
Hand Sanitation Market is Growing
to a recent report released by Global Market Insights, Inc on April 27, 2020
the Worldwide Hand Sanitizer Market to cross USD 3.6 Bn by 2026.
public awareness about the role of hand sanitizer in personal hygiene will act
as a major impact rendering factor for the industry growth.
initiatives to promote the use of hand sanitizer will further propel the demand
over the forecast years.
·Increasing government initiatives and favorable
regulatory scenarios will flourish the hand sanitizer industry.
·North America hand hygiene market revenue will
expand significantly over the forthcoming years
A New Normal Operating procedure for Retail,
Manufacturing, and Business has emerged
Hand sanitizer is currently one of the most out of
stock products. Beyond retailers looking for additional inventory there has
been a major shift in business purchases including hand sanitizer for employee
use, disinfectant use for cleaning tools, carts and other shared items.
From production routines and work schedules to
health screenings and visitor policies even manufacturers have been forced to
rethink how they operate-and these changes, including frequent hand
sanitization will most likely remain even after the current demand recedes.
Manufacturers face challenges not found in other work environments. For
instance, production employees can't make engines or shampoo from home, and
production schedules typically dictate that workers take breaks at set times.
Employers are coming up with different ways to observe recommended
social-distancing and germ-control guidelines and hand sanitizers are part of
that solution for the foreseeable future.
A recent story featured on ABC's Good Morning
America on April 22, 2020 titled "Grocery stores see food supplies
stabilizing, but don't expect hand sanitizer anytime soon." highlighted
grocers and experts claim the food supply is stabilizing, the demand for
sanitizer products continues to overwhelm the market.
for items like hand sanitizer will likely continue.
the grocery stores ABC News spoke with named sanitizers as the products with demand
that continues to outstrip supply. Wegmans, along with several other retailers,
have implemented purchase limits.
are seeing better conditions in many categories; however, toilet paper, hand
sanitizer and paper products have been slower to rebound," said Maria
Brous, spokesperson for Publix, a supermarket chain headquartered in Florida.
"For this very reason, customers will still see limits in place across our
companies, through the JV, will collaborate to manufacture and distribute
sanitizing products. The initial priority has been focused on increasing
production and sales of bulk hand sanitizer to meet the current demand. An
increasing demand has come from non-traditional retail and well as
manufacturing and other service businesses concerned with providing solutions
to meet the new safety protocols, these businesses have been or are currently
being undeserved to the increased demand. The JV has plans to quickly introduce
additional products leveraging the Simplex + Virus Killer brand to potentially
include wipes, spray, and nasal spray.
in 2011 SinglePoint, Inc (SING) invests in and acquires brands and companies
that will benefit from injection of growth capital and the sales and marketing
expertise of SinglePoint. The company portfolio currently includes solar, hemp
and technology applications. SinglePoint is working to grow the company to a
statements in this news release may contain forward-looking information within
the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under
the Securities Exchange Act of 1934, and are subject to the safe harbor created
by those rules. All statements, other than statements of fact, included in this
release, including, without limitation, statements regarding potential future
plans and objectives of the Company, are forward-looking statements that
involve risks and uncertainties. There can be no assurance that such statements
will prove to be accurate and actual results and future events could differ
materially from those anticipated in such statements.
complications, which may arise, could prevent the prompt implementation of any
strategically significant plan(s) outlined above. The Company undertakes no
duty to revise or update any forward-looking statements to reflect events or
circumstances after the date of this release.
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