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Advanced Container Technologies Inc   (ACOL)
Other Ticker:  
 
    Sector  Healthcare    Industry Medical Laboratories
   Industry Medical Laboratories
   Sector  Healthcare
 

Advanced Container Technologies Inc 's Customers Performance

ACOL

 
ACOL's Source of Revenues for the same period Advanced Container Technologies Inc sequentially revnue fell by -14.19 %.

List of ACOL Customers




for the same period Advanced Container Technologies Inc sequentially revnue fell by -14.19 %.

List of ACOL Customers




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.







ACOL's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Advanced Container Technologies Inc 0.77 4.81 -1.22 22
SUBTOTAL 0.00 0.00 0.00 -
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