Business
Medgen signs deal with Hong Kong-based Fulfillment Company to begin Asia initiative as part of global expansion
Medgen signs deal with Hong Kong-based Fulfillment Company to begin Asia initiative as part of global expansion.
About this update from Medgen Inc
[{"type":"text","content":"\n\n\n\nMedgen signs deal with Hong Kong-based Fulfillment Company to begin Asia initiative as part of global expansion\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nMedgen signs deal with Hong Kong-based Fulfillment Company to begin Asia initiative as part of global expansion\nPR Newswire\nHOLBROOK, N.Y., Feb. 16, 2016\n\n\n\nHOLBROOK, N.Y., Feb. 16, 2016 /PRNewswire/ -- Medgen, Inc. (OTCPink: MDIN) today announced that their international distribution push is going to start with an Asia-Pacific initiative spearheaded in partnership with a Hong Kong-based fulfillment center. \n\nPutting product on retail shelves can be a very time consuming effort, which is why as Medgen gets closer to domestic big-box retail distribution, the company is beginning its move toward closing several global opportunities. This strategy started with the expansion of product distribution into Canada recently, with intensions of finalizing deals in Asia as well. \"We've had success nationally, and no longer want to think only on a 'local' level. We will aggressively expand globally and this marks the start of that strategy,\" says Matthew Briggs, CEO. \n\nIn order to avoid very expensive shipping charges and extended delivery times due to dealing with customs inspections, region specific fulfillment centers must be used. While the typical process of getting a deal with an overseas fulfillment center requires large cash deposits and complicated approvals, the merit of Medgen's product line and heightened interest from Asian retailers has made the job a lot easier. This most recent deal was the result of that interest and merit. Management assures everyone that this is just the beginning however, and Medgen plans to add fulfillment centers in many other regions throughout the world in the coming months. The company looks forward to closing similar partnerships throughout Europe, Australia, and South America enabling a seamless integration with retailers worldwide. \n\nThis multi-nation approach will not be easy for the company by any means. Once products hit shelves domestically, managemen...