Blis Technologies (NZX: BLT) is pleased to announce the signing of an agreement with a significant Australasian cosmetic skincare company to licence our cosmetic facial live probiotic serum containing BLIS Q24®.
The agreement allows for exclusive marketing of the Blis developed serum formulation under the partner’s brand domestically and in export markets where the partner has a significant presence in both retail and online sales.
Further details of the agreement and relationship cannot be disclosed at this time to maintain confidentiality.
Blis CEO Brian Watson said “We are excited to have finalised this first Business to Business relationship for our skincare technology. Our strategy has been to secure partnerships with established regional brands who have the capability to launch this breakthrough product in selected markets. This relationship further validates the value of our innovation and the exciting future for our skincare focus.”
What this agreement means for Blis:
• Recognition of Blis’ world class innovation in cosmetic skincare
• The first B2B initiative for skincare, in line with our revised strategy of targeting partnerships with established cosmetic skincare companies
• New ingredient revenue and technology licensing royalties expected to have a small positive impact on earnings in FY24 and solid growth in the following years
These guys......was about time they pulled the old 'rabbit' out of the hat although this is more the Easter Bunny. What a joke this company is ..... watch the SP rise a couple of tiny pips then back to the doldrums...this is nothing
Hhahahaha, how do these guys actually say this shi* with a straight face! This company is smaller than a bloody mini market. Delist and put everyone out of their misery
Hhahahaha, how do these guys actually say this shi* with a straight face! This company is smaller than a bloody mini market. Delist and put everyone out of their misery
There’ll be a few happy shareholders attending revelling in the success and Blis people will get super excited when praise etc is given to them …warm fuzzies all round.
“ At the top of every bubble, everyone is convinced it's not yet a bubble.”
Their problem has always been that they (seem to) have good products, but never been able to sell/market well enough.
I note 2 of the 6 members on their board are their for their marketing experience - ie "international marketing and brand management leader building consumer goods businesses globally." and "is an experienced strategist and brand builder with deep knowledge of consumer marketing."
Yet they still struggle along with poor sales. 63% of their sales are as an ingredient. I suppose better than the 65% prior year.
Originally Posted by whatsup
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