HYLA Successfully Completes Major Order Delivery in Italy
Rhea-AI Summary
HYLA, a division of Endexx (OTC: EDXC), has successfully completed a major order delivery to Italy. The final shipment of 57,500 vape units was delivered today, completing the total order of 115,000 units. This order, valued at $414,000, marks a significant milestone in HYLA's international expansion efforts.
The initial half of the order was delivered in May 2024, and today's delivery ensures that Italian partners have the full complement of products to meet growing demand. This successful delivery demonstrates HYLA's efficient supply chain management and ability to fulfill large-scale orders promptly, strengthening its presence in the European market.
Positive
- Successful delivery of a large order valued at $414,000 to Italy
- Completion of a total order of 115,000 vape units
- Expansion into the European market
- Demonstration of efficient supply chain management
- Ability to meet large-scale demands promptly
Negative
- None.
News Market Reaction
On the day this news was published, EDXC declined 9.09%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CAVE CREEK, AZ, Aug. 08, 2024 (GLOBE NEWSWIRE) -- HYLA, a division of Endexx Corporation (OTC: EDXC) and a leading provider of innovative non-nicotine vape products, is pleased to announce the successful delivery of a significant order to Italy. This marks a major milestone in our international expansion efforts.
Order Completion and Delivery Details
The final shipment of 57,500 vape units has been delivered to our valued Italian partners today, completing the total order of 115,000 units. The initial half of this order was successfully delivered in May 2024, and today's delivery ensures that our partners now have the full complement of products to meet the growing demand in Italy.
Order Value and Strategic Impact
This substantial order, valued at
Positive Market Response
"We are thrilled to have completed this significant order for our Italian partners," said Brad Listermann, Interim CEO of Endexx Corporation. "This delivery not only strengthens our presence in Europe but also reinforces our ability to meet large-scale demands with efficiency and reliability. Our team, including Nick Mehdi, CEO of HYLA, and Dustin Sullivan, VP of Sales and Marketing, has worked tirelessly to ensure that every aspect of this order was executed flawlessly. Their dedication and hard work are truly commendable, and we are proud of this accomplishment."
Future Prospects
HYLA continues to focus on growth and expansion, both domestically and internationally. Completing this order sets a positive precedent for future large-scale deliveries and strengthens our reputation as a reliable supplier of high-quality vape products.
For more information about HYLA and its range of wellness and vape products, please visit our websites at www.tryhyla.com and www.endexx.com.
About HYLA
HYLA, a division of Endexx Corporation, markets proprietary non-nicotine, guarana, and L-Dopa-based vape products in various flavors. The HYLA device is a first-of-its-kind non-nicotine vape product in the United States, offering up to 4,500 puffs per device. HYLA is currently distributed in 10 countries, with distribution agreements in an additional nine countries.
Endexx Corporation also includes the CBD Unlimited (CBDU) division, which develops and distributes all-natural, plant-derived wellness products and topical skin care products aimed at promoting healthy skin and grooming wellness.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
We caution that any forward-looking statements (as such term is defined in the U.S. Private Securities Litigation Reform Act of 1995) contained in this press release or made by us, our management, or our spokespeople involve risks and uncertainties and are subject to change based on various factors, many of which are beyond our control. Accordingly, our future performance and financial results may differ materially from those expressed or implied in any such forward-looking statements. Forward-looking statements include, without limitation, statements regarding our future operating results, the implementation and impact of our strategic plans, and our ability to meet environmental, social, and governance goals. Words such as “estimate,” “commit,” “target,” “goal,” “project,” “plan,” “believe,” “seek,” “strive,” “expect,” “anticipate,” “intend,” “potential,” and any similar expressions may identify forward-looking statements.
Except as may be required by law, we assume no obligation and do not intend to make publicly available any update or other revisions to any of the forward-looking statements contained in this press release to reflect circumstances existing after the date of this press release or to reflect the occurrence of future events, even if experience or future events make it clear that any expected results expressed or implied by those forward-looking statements will not be realized.
Contact:
Endexx Corporation
IR@Endexx.com
424-250-0042
www.endexx.com
www.cbdunlimited.com
FAQ
What is the value of HYLA's recent order delivery to Italy?
How many vape units did HYLA deliver to Italy in its recent order?
When did HYLA (EDXC) deliver the first half of the Italian order?
What does the successful Italian order delivery indicate about HYLA's (EDXC) business?
