During the corresponding time, Advanced Container Technologies Inc saw a revenue deteriorated by -56.3 % year on year, sequentially revenue fell by -14.19 %. While revenue at the Advanced Container Technologies Inc 's corporate clients
Advanced Container Technologies Inc's Comment on Sales, Marketing and Customers
We sell approximately 95% of our products to wholesalers and distributors, who
resell them to businesses and consumers, both in unmarked and custom-labeled form,
and the remainder directly to retail consumers through internet sales. In 2015,
we sold approximately 314,000 units and during 2016, we sold approximately 558,000
units. During the first quarter of 2017, we sold approximately 240,000 units.
We currently have approximately 350,000 units in inventory.
We entered into a Product License and Distribution Agreement, dated April 1, 2014,
with IGreen Planet Store, Ltd. (“IGreen”), a Canadian distribution
company located in Vancouver, British Columbia, Canada. Under this agreement,
we have granted to IGreen an exclusive license to market, sell and distribute
the Medtainer® in Canada. The agreement has a 5-year term. We are required
to maintain product liability insurance covering the products sold under the agreement.
We are in the process of obtaining such insurance. IGreen is not required to purchase
a minimum quantity of our products. The agreement is subject to yearly reviews
by the parties in respect of price, quantities ordered and other matters. Based
upon these reviews, the parties may modify, amend or revoke the agreement.
We have 18 sales personnel (12 of whom are assigned to our phone room), including
our two officers, who make sales in our phone room and over our website.
We also have a presence on Facebook, Twitter and other social media. We believe
that social media are important to our marketing program for our products.
Printing
We formed Printing because some of our customers desired to have custom labels
imprinted on the products that they purchased from us and we found that the cost
of doing so through third parties raised the price that we charged to customers
for imprinted product to levels that we believed would impede sales. Printing
is performed using specialized printers. We currently have two printers, one of
which is capable of printing on nonporous plastic, and believe that we will order
another in the near future. Currently, we devote about 2,000 square feet of our
floor space to this business. We are seeking additional printing business from
companies that require labelling on their own products.
Advanced Container Technologies Inc’s Comment on Sales, Marketing and Customers
We sell approximately 95% of our products to wholesalers and distributors, who
resell them to businesses and consumers, both in unmarked and custom-labeled form,
and the remainder directly to retail consumers through internet sales. In 2015,
we sold approximately 314,000 units and during 2016, we sold approximately 558,000
units. During the first quarter of 2017, we sold approximately 240,000 units.
We currently have approximately 350,000 units in inventory.
We entered into a Product License and Distribution Agreement, dated April 1, 2014,
with IGreen Planet Store, Ltd. (“IGreen”), a Canadian distribution
company located in Vancouver, British Columbia, Canada. Under this agreement,
we have granted to IGreen an exclusive license to market, sell and distribute
the Medtainer® in Canada. The agreement has a 5-year term. We are required
to maintain product liability insurance covering the products sold under the agreement.
We are in the process of obtaining such insurance. IGreen is not required to purchase
a minimum quantity of our products. The agreement is subject to yearly reviews
by the parties in respect of price, quantities ordered and other matters. Based
upon these reviews, the parties may modify, amend or revoke the agreement.
We have 18 sales personnel (12 of whom are assigned to our phone room), including
our two officers, who make sales in our phone room and over our website.
We also have a presence on Facebook, Twitter and other social media. We believe
that social media are important to our marketing program for our products.
Printing
We formed Printing because some of our customers desired to have custom labels
imprinted on the products that they purchased from us and we found that the cost
of doing so through third parties raised the price that we charged to customers
for imprinted product to levels that we believed would impede sales. Printing
is performed using specialized printers. We currently have two printers, one of
which is capable of printing on nonporous plastic, and believe that we will order
another in the near future. Currently, we devote about 2,000 square feet of our
floor space to this business. We are seeking additional printing business from
companies that require labelling on their own products.
Sources:
Advanced Container Technologies Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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