Business
Medgen expands online retail channels as Wide Awake energy spray and several other products are now sold on Sears.com
Medgen expands online retail channels as Wide Awake energy spray and several other products are now sold on Sears.com.
About this update from Medgen Inc
[{"type":"text","content":"HOLBROOK, N.Y., November 18, 2015 -- Medgen, Inc. (OTCPink: MDIN) today announced that as part of the expansion of its retail channels, Sears.com is now carrying Wide Awake™ Energy Spray, Sombium all natural sleep aid and several other Medgen products, which should be added over the course of the next few days. The company received the green light from Sears.com recently but was waiting for the release of Wide Awake™ to announce it to the public. Sears.com joins several other high profile online retailers in carrying Medgen products including drugstore.com™, Walgreens.com©, and Amazon.com™ to name a few. For Medgen, online sales can offer more than twice the net profit as brick and mortar retail sales, so it’s no surprise that the company is always trying to expand its online reach. More recently specific attention has been paid to expanding the list of high traffic sites carrying Medgen’s products, and Sears.com is just one of those additions. The company has many more new online sales channels that it plans to announce in the coming weeks, but Medgen is not just seeking listing on high traffic sites, it is specifically targeting the most influential online retailers that can also offer a bridge into other sales venues. Sears.com is a great example of this since it is not only one of the largest online retailers in the world, but the parent company owns several brick-and-mortar properties including Kmart™ and Sears™ retail stores. By showing Sears that Products like Wide Awake™ and Snorenz® are in demand by consumers, the company gets its foot in the door on potential wide-scale distribution through the traditional retail channels, a strategy that will work hand in hand with the company’s current traditional retail deals such as the ones signed with Mr. Checkout earlier in the year. The company’s newest addition, Wide Awake™, which cleverly mixes a fresh tasting breath spray with a highly concentrated energy drink, has the uniqueness of a revolutionary new product with the consumer familiarity of the popular energy drink industry to offer retailers a solid revenue source and high profit margins. Medgen’s aim for all of its products is to fulfill a need in a unique way, and for this reason...