THANK YOU FOR SUBSCRIBING
The first phase includes launching Sky Premium Life products on Amazon and eBay; the second phase consists of launching brick-and-mortar stores.
FREMONT, CA: Cosmos Holdings, Inc. (the Company") (OTCQX: COSM), an international pharmaceutical company with a proprietary line of branded and generic pharmaceuticals, nutraceuticals, OTC medications, and an extensive, established European Union distribution network, enters into an exclusive distribution agreement with MediprovitaGbR to be the exclusive distributor in Germany and Austria of the Companys Sky Premium Life, a proprietary, luxury, and high-quality nutritional supplements' brand, with a complete range of vitamins, minerals, herbs, and unique formulas.
Mediprovita uses its sales, marketing, and e-commerce expertise to distribute Sky Premium Life products throughout Germany and Austria under the terms of the agreement. Additionally, Mediprovita will file registration documents on the Company's behalf in the territories. Cosmos anticipates launching approximately 25 Sky Premium Life SKUs over the next two months and hopes to have all 65 SKUs listed on Amazon and eBay by the end of the year.
Greg Siokas, Chief Executive Officer of Cosmos Holdings, states, “Today’s announcement is a testament to the hard work that our team has put in over the past four years in order to transform Cosmos into an international pharmaceutical company with an established distribution network in Europe. We are rapidly expanding our distribution network worldwide and are pleased to add Mediprovita as our exclusive distributor in Germany and Austria. Our Sky Premium Life brand is a key part of our business that continues to contribute to our revenue growth. This partnership will establish Cosmos Holdings in the pharma retail and e-commerce markets in Germany and Austria, while offering significant opportunities for geographic expansion. The first phase of our agreement consists of rolling out our Sky Premium Life products on the e-commerce platforms Amazon and eBay, followed by placing our products in Bricks & Mortar pharma stores across Germany and Austria.”
“We believe Mediprovita is the perfect distribution partner as they have 25 years of expertise in e-commerce, strong online presence on Amazon and eBay, extensive proficiency in marketing and business analytics and a successful track record in selling health products. They also have a 70,000 sq ft logistics and fulfillment center in Mannheim, Germany, which will enhance our ability to sell more of our products through increased inventory and storage capacity. Our goal within the next several months is to add three major European markets and enter the Asian market which we believe will help accelerate both revenue and EBITDA growth in the years ahead.”
AngelosKiriazis, Owner & General Manager of Mediprovita, comments, “We are excited to work with Cosmos Holdings and distribute their Sky Premium Life products in Germany and Austria. They have created high-quality nutritional supplements by combining carefully selected raw materials based on strict pharmaceutical standards and Good Manufacturing Practices protocols. We are witnessing increasing demand from consumers for nutraceuticals, and after extensive due diligence we believe their high-quality, premium nutraceutical and food supplement products are the perfect fit for our portfolio. We know that our partnership with Cosmos will add value to Mediprovita as we remain committed to enhancing the health of consumers.”