$UATG - Umbra Applied Technologies Group Subsidiary Expands Online Sales
TAMPA, Fla., April 03, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Umbra Applied Technologies Group (PK)
Umbra Applied Technologies (UAT) announced today that it has begun the expansion of it’s Amazon presence in preparation for its full Hygieia product line launch. Hygieia is now available on Amazon Prime as will the rest of the Hygieia line of products. There are approximately 80 million Amazon Prime members which equates to 64% of households in the U.S.
Chief Executive Officer, Alex Umbra stated, “Four out of every ten dollars spent online in the U.S. is with Amazon. That is 43% of the total U.S. retail dollars spent are channeled through Amazon. Eighty percent of online growth comes directly from Amazon sales. This type of market presence solidified why Amazon was always going to be a part of our retail apparatus and I must say that Hygieia has been very well received via this retail platform”.
The focus on Amazon as a retail partner is in keeping with UAT’s focus on expansion and growth as they continue to build the branding of its stable of advanced products. With this being the first retail outlet announced and, with recent comments from UAT Groups CEO stating that the company is focused on expanding its relationships with other manufacturers, the further expansion of the company’s footprint across multiple market segments is assured to continue.
Umbra added, “U.S. online sales grew faster in 2016 than they had in the previous three years and constitute 11.7% of the overall retail sales in this country. As online sales have grown, sales at traditional brick-and-mortar stores have eroded, exacerbated by an overbuilt traditional retail industry. Stores are closing in almost every market. Major retailers like Sears and Macy’s have closed hundreds of stores. This is why our strategy is to focus on online marketing to support our online sales. We feel this is the fastest and most efficient way to top line growth with the best ROI in terms of marketing dollars spent”.
The company indicated that it is currently preparing to release its high-performance crew and ankle socks as well as its much-anticipated boxer briefs and bedding line. The bedding line featuring its SleepSafe technology is scheduled to be released in Q2 of this year beginning with what the company calls the most comfortable and last pillow will you every own.
In the past 6 months, UAT has reorganized its debt and paid down the majority of its notes to keep in line with the company’s plan to complete its audited financials and eventually up-list to a senior exchange. This will help to strengthen the company’s banking relationships and credit lines as it prepares to expand its operations across all divisions.
About Umbra Applied Technologies, Inc.
Umbra Applied Technologies is a member of the Umbra Applied Technologies Group (UATG) family of companies. Headquartered in Tampa, Florida UAT Group is a technology and innovation leader specializing in defense, civil government and technology solutions. UAT Group is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services.
For more information visit www.uatgroup.com or www.umbraappliedtechnologies.com
Investor and Media Contact: Everest Corporate Advisors, Inc.
(702) 902-2361 (702) 982-1339
NEITHER THE SECURITIES EXCHANGE COMMISSION NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Forward-Looking Information
This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and a secondary listing on the OTC as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Umbra Applied Technologies including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Risks and uncertainties about Umbra Applied Technologies business are more fully discussed in the company's disclosure materials, including its MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Umbra Applied Technologies does not assume the obligation to update any forward-looking statement, except as required by applicable law.
TAMPA, Fla., April 03, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE--Umbra Applied Technologies Group (PK)
Umbra Applied Technologies (UAT) announced today that it has begun the expansion of it’s Amazon presence in preparation for its full Hygieia product line launch. Hygieia is now available on Amazon Prime as will the rest of the Hygieia line of products. There are approximately 80 million Amazon Prime members which equates to 64% of households in the U.S.
Chief Executive Officer, Alex Umbra stated, “Four out of every ten dollars spent online in the U.S. is with Amazon. That is 43% of the total U.S. retail dollars spent are channeled through Amazon. Eighty percent of online growth comes directly from Amazon sales. This type of market presence solidified why Amazon was always going to be a part of our retail apparatus and I must say that Hygieia has been very well received via this retail platform”.
The focus on Amazon as a retail partner is in keeping with UAT’s focus on expansion and growth as they continue to build the branding of its stable of advanced products. With this being the first retail outlet announced and, with recent comments from UAT Groups CEO stating that the company is focused on expanding its relationships with other manufacturers, the further expansion of the company’s footprint across multiple market segments is assured to continue.
Umbra added, “U.S. online sales grew faster in 2016 than they had in the previous three years and constitute 11.7% of the overall retail sales in this country. As online sales have grown, sales at traditional brick-and-mortar stores have eroded, exacerbated by an overbuilt traditional retail industry. Stores are closing in almost every market. Major retailers like Sears and Macy’s have closed hundreds of stores. This is why our strategy is to focus on online marketing to support our online sales. We feel this is the fastest and most efficient way to top line growth with the best ROI in terms of marketing dollars spent”.
The company indicated that it is currently preparing to release its high-performance crew and ankle socks as well as its much-anticipated boxer briefs and bedding line. The bedding line featuring its SleepSafe technology is scheduled to be released in Q2 of this year beginning with what the company calls the most comfortable and last pillow will you every own.
In the past 6 months, UAT has reorganized its debt and paid down the majority of its notes to keep in line with the company’s plan to complete its audited financials and eventually up-list to a senior exchange. This will help to strengthen the company’s banking relationships and credit lines as it prepares to expand its operations across all divisions.
About Umbra Applied Technologies, Inc.
Umbra Applied Technologies is a member of the Umbra Applied Technologies Group (UATG) family of companies. Headquartered in Tampa, Florida UAT Group is a technology and innovation leader specializing in defense, civil government and technology solutions. UAT Group is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services for defense, civil, and commercial applications in United States and internationally. It also provides management, engineering, technical, scientific, logistic, and information services.
For more information visit www.uatgroup.com or www.umbraappliedtechnologies.com
Investor and Media Contact: Everest Corporate Advisors, Inc.
(702) 902-2361 (702) 982-1339
NEITHER THE SECURITIES EXCHANGE COMMISSION NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
Forward-Looking Information
This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and a secondary listing on the OTC as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Umbra Applied Technologies including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed and actual future results may vary materially. Risks and uncertainties about Umbra Applied Technologies business are more fully discussed in the company's disclosure materials, including its MD&A, filed with the securities regulatory authorities in Canada and available at www.sedar.com and readers are urged to read these materials. Umbra Applied Technologies does not assume the obligation to update any forward-looking statement, except as required by applicable law.
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