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LAKE FOREST, Calif. , Aug. 1, 2022 (GLOBE NEWSWIRE) — ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), announced today that the company has promoted 93 ToughBuilt products in Amazon. It (Italy) and Amazon. de (Germany).
Michael Panosian, CEO of ToughBuilt, commented: “Our strategy at Amazon Europe is to further familiarize end users with some of our cutting-edge products and increase the popularity of our logo faster. Although the value of our parts is adequate for transportation, we also respect the margin wishes of our retail partners. We look to the future to get the right effects in many countries and we continue with many partnerships in Europe.
ABOUT TOUGHBUILT INDUSTRIES, INC: ToughBuilt is a leading product designer, manufacturer and distributor with a focus on cutting-edge products. Currently, we concentrate on equipment and other accessories for the professional structures and DIY industries. We market and distribute home improvement lines. and structure products for the professional and DIY markets under the TOUGHBUILT brand, within the global multi-billion dollar tool markets industry. All our products are designed through our in-house design team. Since the launch of product sales in 2013, we have experienced significant annual growth in sales. Our existing product diversity is made up of 3 main categories, with several additional categories in development stages, consisting of Soft Goods
FORWARD-LOOKING STATEMENTS This press release comprises “forward-looking statements. ” Such statements would possibly be preceded by the words “intends”, “possibly”, “will”, “plans”, “expects”, “anticipates”, “projects”, “predicts”, “estimates”. , “believe”. ‘, ‘hope’, ‘potential’ or similar words. Forward-looking statements are not promises of long-term performance, are based on safe assumptions and are subject to various known and unknown threats and uncertainties, many of which are beyond the control of the Company and cannot be predicted or quantified and, therefore, Therefore, actual effects may differ materially from those expressed or implied by such forward-looking statements. These threats and uncertainties include, but are not limited to, threats and uncertainties related to (i) the effect of the global COVID-19 pandemic and government movements on our business, (ii) supply chain disruptions. source, (iii) market acceptance of our new products, (iv) delays in product arrival in key markets, (v) difficulty in downloading regulatory approvals for the ability to sell our products in certain markets, (vi) festival of the industry of many larger multinational corporations, (v) product liskill claims, (vii) product malfunctions, (viii) our production function limitations and our reliance on subcontractors for support, (ix) our efforts to effectively offload and maintain intellectual asset coverage covering our products, which may not be successful, (x) our reliance on sole vendors for certain product components, (xi) the fact that we will want to raise more capital to meet our long-term business desires and that such capital Raising capital may be costly, dilutive, or difficult il to download and (xii) the fact that we operate in multiple foreign jurisdictions, exposing ourselves to currency exchange rate fluctuations, logistical and communication challenges, charges and prices of complying with foreign laws and policies and economic ability in each of the jurisdictions. More detailed data about the Company and threat points that may also only make forward-looking statements are set forth in the Company’s filings with the Securities and Exchange Commission (SEC), adding the Company’s annual report on Form 10 -K and his quarterly reports. on Form 10-Q. Investors and security holders are encouraged to read these no-rate webs on the SEC’s online page at http://www. sec. gov. The Company assumes no legal responsibility to publicly update or revise its forward-looking statements as a result of new data, long-term events or otherwise.
Investor Relations Contact: KCSADavid Strategic Communications Hanovertoughbuilt@kcsa. com
Source: ToughBuilt Industries, Inc.