Any word on the Russian federation distributor?
Post# of 11802
However, in late July 2019 the company was contacted by a large Eastern European distributor of
J&J/Lifescan, now (Platinum Equity) products. To begin, this distributor wishes to distribute the company’s GenSure!
product, followed on by the company’s GenPrecis! product (in 3rd party test mode) both somewhat surprisingly
successful products in Eastern Europe, particularly in CIS states and the Ukraine. The company must complete an
“accuracy” test for the GenPrecis! product, complete the packaging in several Eastern European languages, and then
schedule a manufacturing line. For the GenSure! product, the company needs to replace several Western European
languages with Eastern European languages on its International package. Although the distributor wishes to move
quickly, we anticipate rolling out this arrangement in 1Q 2020.
3Q Report, page 8