Naples Soap Company Ord Shs Stock Price, News & Analysis

Naples Soap Company (OTCQB: NASO) has appointed Andrea Cataneo, a prominent securities attorney, to its Advisory Board. Cataneo brings over 25 years of experience and a track record of 200+ successful capital market transactions. This appointment comes as the company prepares to uplist to a major national stock exchange and pursue growth initiatives, including:

1. Launching new product lines featuring NASA stem cell technology
2. Expanding national wholesale distribution for its 600+ personal care products
3. Boosting direct-to-consumer ecommerce sales

Cataneo's expertise in corporate and securities law, along with her strategic connections, is expected to support Naples Soap Company's growth plans and public company profile.

Naples Soap Company (OTCQB: NASO) announced its participation in the National Investment Bankers Association's (NIBA) 150th Investment Conference on September 4-5, 2024, in Ft. Lauderdale, Florida. CEO Deanna Wallin and CFO Rick Kujak will present to over 250 investment professionals, including bankers, brokers, and investors.

The company recently launched a Regulation Crowdfunding (Reg CF) offering, allowing its loyal customer base to become shareholders. Naples Soap Company is expanding distribution for its 600+ products and launching new lines, including one with 3D stem cell technology developed by NASA. The company aims to capture significant market share in the personal care products space and plans to uplist its stock to a major national exchange.

Naples Soap Company (OTCQB: NASO) has announced a Regulation Crowdfunding (Reg CF) offering to raise up to $5,000,000. The company, known for its premium skin and hair care products, is partnering with DealMaker for this equity offering. The fundraising initiative is open to both accredited and non-accredited retail investors, with details available at www.invest.naplessoap.com.

Naples Soap Company boasts a highly engaged customer base, with nearly 750,000 consumers visiting its 13 physical stores in 2023, resulting in about 200,000 purchases. The company's website also attracted around 750,000 unique visitors, leading to approximately 40,000 transactions. With an impressive email open rate of over 40%, the company sent nearly 27 million emails to customers in 2023.

The funds raised will be used to expand national wholesale accounts, launch new brands, and support the company's plan to uplist to a major national exchange. CEO Deanna Wallin expressed excitement about deepening engagement with loyal customers through this offering.

Naples Soap Company (OTCQB: NASO) has appointed Kim Wellen as Director of Sales to expand its national wholesale division. Wellen brings over 20 years of leadership experience in the wellness and skin care industries, having previously served as Director of Retail Sales at Charlotte's Web and founder of Mantra Mask. Her role will focus on establishing partnerships with major retailers to boost brand recognition and sales growth.

Wellen will work alongside Gary Sims, a Naples Soap Company Advisor with extensive experience in CPG development and distribution. Sims' background includes driving growth for Tommy Hilfiger and launching successful operations for premium brands like J Lindeberg and Robert Graham. This strategic move aims to leverage Wellen's industry expertise and Sims' brand management experience to accelerate Naples Soap Company's national expansion efforts.

Naples Soap Company (OTCQB: NASO) has announced plans to integrate NASA's revolutionary 3D biometric technology into a new skincare line. The company will use ingredients grown in a zero-gravity bioreactor, developed by NASA scientists and tested on 9 space missions. This proprietary method cultures robust 3D stem cells on Earth, combining 33 components to nourish the skin.

The new product line, expected to launch later this year, claims to offer superior results compared to current anti-aging skincare products using 2D plant stem cells. Clinical trials showed significant improvements in wrinkle reduction, fine lines, skin radiance, and texture. Naples Soap Company aims to become a serious competitor in the multibillion-dollar anti-aging skincare market with this space-age technology.

Naples Soap Company (OTCQB: NASO) has announced the appointment of Gary Sims as an Advisor. Sims brings over 30 years of experience in global consumer products, having been instrumental in Tommy Hilfiger's growth into a billion-dollar brand. He has also led successful ventures for companies including Callaway Golf Apparel, Edwin Jeans, and Johnnie-O. In his new role, Sims will focus on expanding Naples Soap Company's wholesale distribution channels and enhancing its portfolio of personal care and wellness brands. CEO Deanna Wallin emphasized that Sims' expertise will drive the company's growth through omnichannel distribution.

Naples Soap Company (OTCQB: NASO), a leading health and wellness brand, has appointed Richard James Kujak, CPA, as its new Chief Financial Officer (CFO), effective July 1, 2024. Kujak brings extensive experience from roles in various industries, managing revenues up to $270 million and overseeing financial operations for large pharmaceutical distribution centers with revenues exceeding $3 billion. He is also a Certified Public Accountant and Six Sigma Greenbelt. Current CFO Jim Milner will remain on the Board and transition to the role of Controller. CEO Deanna Wallin highlighted Kujak's expertise in driving revenue growth and operational excellence as key to the company's upcoming initiatives.

Naples Soap Company (OTCQB: NASO) announced that its Founder and CEO, Deanna Wallin, received the 2024 Distinguished Entrepreneur Award from the Florida Small Business Development Center at Florida Gulf Coast University. This award acknowledges Wallin's dedication to quality products and exceptional customer service, driving the company to become a prominent skincare brand. Wallin, who started the company in a small 300 sq ft store in Naples in 2009, expressed gratitude for the recognition as the company approaches its 15th anniversary. Naples Soap Company is eager to implement growth initiatives to expand its national and global presence.

Naples Soap Company, Inc. (NASDAQ: NASO) reported record revenues with a 21% year-over-year growth during the prime tourist season from November 2023 to March 2024. The company saw increases in gross and net profits, driven by new products that led to higher transaction-per-customer and reduced operating expenses.