Jubilant Flame International, LTD was organized in the state of Nevada on September
29, 2009 under the name Liberty Vision, Inc. The Company provided web development
and marketing services for clients through a wholly owned subsidiary until December
5, 2012, when the Company disposed of its subsidiary to a shareholder for a
nominal sum. On December 16, 2012, the Company changed its name to Jiu Feng
Investment Hong Kong, LTD. On August 18, 2015, the Company changed its name
to Jubilant Flame International, Ltd.
Previously, the Company was engaged in the business of developing and marketing
medical products, including Bone-Induction Artificial Bone and Vacuum Sealing
Drainage under a license from BioMark. Starting the fourth quarter of fiscal
year ended February 28, 2018, the Company has started a new line of business
to promote and sell a new cosmetics product “Acropass” series in
United States.
The Company purchases the Acropass inventory from Rubyfield Holdings Limited,
a Chinese company owned by the CEO of the Company (“Rubyfield”).
Under a Resale Agreement between the Company and Rubyfield, the Company agrees
to purchase Acropass products from Rubyfield. In addition to selling the Acropass
products to the Company, Rubyfield agrees to provide training to Company personnel
regarding the Acropass products and provide promotional material to the Company.
The Resale Agreement expires on December 31, 2019 and the Company has the right
to renew the agreement upon its expiration.
Currently, the Company purchases two Acropass products for resale in the United
States from Rubyfield – Acropass Trouble Care for acne treatment and Acropass
Ageless Lifter for wrinkle treatment (collectively, “Acropass Products”).
The Acropass Products are made of hydrocolloid patches with dissolving microstructures.
The microstructures contain hyaluronic acid and epidermal growth factor. Hyaluronic
Acid is a natural moisturizing agent that delivers nutrients to skin cells and
blocks water evaporation from the skin, enabling the skin to maintain adequate
amounts of water. EGF protects the skin’s innate natural growth and robustness
by preventing the appearance of skin aging and sagging. Both ingredients work
together to improve the appearance of skin elasticity and reduces the appearance
of wrinkles and acne.
The customer applies Acropass Products by putting the patch on the targeted
area and press down the patch to skin. The dissolving microstructures that are
tiny processes about ¼ the thickness of human hair and can penetrate
in-between skin membranes and pass through the horny layer (stratum corneum).
The microstructures dissolve in the skin and deliver the ingredient to the skin.
Upon application, the microstructures are completely dissolved and absorbed
into the skin, and produce anti-aging and acne soothing effects.
Acropass Ageless Lifters can be applied to any areas on the face and the Company
offers special patches to be used under the eyes, on the laugh lines or as spot
treatments. Acropass Trouble Care are small round patches to be used on the
acne.
The Company does not manufacture the Acropass Products and purchases the Acropass
Products directly from Rubyfield for resale.
The Company’s current target customers are individuals who have acne
or aging concerns in the United States.
9.83%