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Jenex Reports Significant Progress with Large Canadian Pharmacy Retailer for Intercept CS with Wide Canadian Retail Network
TORONTO, ON / ACCESSWIRE / May 18, 2016 / The Jenex Corporation (NEX: JEN-H) (" Jenex " or t...
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[{"type":"text","content":"Jenex Reports Significant Progress with Large Canadian Pharmacy Retailer for Intercept CS with Wide Canadian Retail NetworkTORONTO, ON / ACCESSWIRE / May 18, 2016 / The Jenex Corporation (NEX: JEN-H) (\"Jenex\" or the \"Company\") would like to report that it has made significant progress with a large Canadian Pharmacy Retailer (the \"Retailer\") with a wide retail network across Canada. The Retailer has requested Point of Purchase (\"POP\") displays for Jenex's InterceptCS product. The POP displays will be presented to select stores within the Retailer's network to seed the market. If discussions with the Retailer prove successful the first shipment of product would occur during the early fall of 2016. \nSEE POP DISPLAY LINK HERE:\nhttp://www.interceptcs.com/retail-pop/\nJenex would also like to report that our online e-commerce channels continue to show strength as our social medial searches are trending with search engine optimization improving daily. This social media coverage has translated into increased activity on our e-commerce websites. Jenex has been posting brisk sales traffic as a result of the social media campaign. This encouraging potential retail customer revenue has been a long time coming and the first retail sales represent a significant step forward for the Company. Our contracted sales team is excited to extend these results as we work through the summer to secure a retail order by the fall of 2016.\nNew Product Development \nAs a result of the market launch through retail and online channels for InterceptCS we are also making progress in product development with new follow on products related to our future insect, acne and wrinkle devices. Jenex has shortlisted a number of medical device design companies for the development of the new products. \nOnce our new product line up has passed the proof of concept phase Jenex will review marketing the line up on its own or through partnership either on an exclusive on non-exclusive basis. In the event a partnership is chosen Jenex will discuss funding and a process for technology transfer, prototype development, and the type of contract that is mutually acceptable (to include milestone payments). We will report back on our product channel development during F2017. \nProposed $500,000 Financing\nJenex is currently investigating a financing whereby investors would r...