Medigus: Smart Repair Pro to Launch Sales in Germany, Amazon's Second Global Ranked Market
OMER, Israel, March 02, 2021 - Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies, today announced that its 50.1% owned subsidiary, Smart Repair Pro, Inc., a data-driven e-commerce company operating on the Amazon Marketplace, gained all required regulatory approvals in Germany which enables it to launch sales of its brands at Amazon.de.
“As we continue to expand our global reach and our product portfolio, Germany, which is second largest marketplace in Amazon, constitutes one of the most attractive markets for our business. We believe that launching our brands in this country will contribute to our future revenue stream,” said Victor Hachmon, CEO of Smart Repair Pro.
Smart Repair Pro, Inc., or Pro, and Purex, Corp., or Purex, are both California corporations in the e-Commerce field, which operate online stores for the sale of various consumer products on the Amazon online marketplace, utilizing the Fulfilment by Amazon business model. In order to identify existing stores, niches and products that have a potential for development and growth as well as maximize sales of their existing proprietary products, Pro and Purex utilize artificial intelligence and machine learning technologies to analyze sales data and patterns on the Amazon marketplace. Pro and Purex operate two online stores through which three distinct product brands are marketed and sold to consumers in the United States.
Pro and Purex’s strategy is to achieve organic growth and profitability by expanding to new geographies, increasing sales of its existing products through marketing and advertising efforts, development of new products and brands, supply chain optimization and inventory management. Pro has completed processes with Amazon, which will allow for it to open its stores for sale to consumers in the U.S., Australia, the United Kingdom, Germany and additional countries in Europe.
Medigus is traded on the Nasdaq Capital Market and the TASE (Tel Aviv Stock Exchange). To learn more about the company’s advanced technology, please visit www.medigus.com.