Business
Dogness Announces OEM Order from International Pet Specialty Retailer
DONGGUAN, China, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Dogness International Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer
About this update from Dogness (international) Corporation
[{"type":"text","content":"DONGGUAN, China, Dec. 07, 2020 (GLOBE NEWSWIRE) -- Dogness International Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, announced an OEM order for certain pet products including harnesses and leashes, expected to be valued at $4 million. The customer is one of the world’s largest small format pet specialty retailers, with more than 600 stores around the world. Revenue will be recognized upon shipment, with an initial shipment expected to occur over the next two weeks and the balance shipped during calendar year 2021. The Company anticipates recognizing the majority of sales during the fiscal year ending June 30, 2021. Silong Chen, Chairman and Chief Executive Officer of Dogness, commented, “This is another major win for us and underscores our business momentum, the attractiveness of our broad line of high-quality pet products, and the effectiveness of our sales and marketing teams. We implemented a more aggressive strategy in order to capture a greater share of the opportunities we are seeing. We believe the pet market is in a period of sustained expansion, as we benefit from positive tailwinds from COVID-19 driving increased pet ownership, along with a shift in demographics to owners with higher disposable income that are prioritizing pet ownership and spending on their pets. These trends bode well for our business given our market leadership, commitment to innovation and strong distribution and partner network.” About DognessDogness (International) Corporation was born in 2003 from the belief that pet dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness is able to simplify pet lifestyles, make them more scientific, and enhance the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com. Forward Looking StatementsNo statement made in this press release should be interprete...