Business
Distribution partners and Lubatti China update
Distribution partners and Lubatti China update.
About this update from Venture Life Group Plc
[{"type":"text","content":"\n \nRNS Number : 0498Q Venture Life Group PLC 07 September 2017 \n\nVenture Life Group plc\n(\"Venture Life\", the \"Group\" or the \"Company\")\n \nDistribution partners and Lubatti China update\n \nVenture Life Group plc (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, announces the signing of new long-term distribution agreements for its UltraDEX® range and Myco-ClearTM range of products. In addition, sales data for the Company's Lubatti range in China for July 2017 shows record monthly sales since launch in January 2016.\n \nUltraDEX - success continues\n\n\nVenture Life has partnered with Polipharama Benessere Srl ('Polifarma') a well-established pharmaceutical sales company to market and sell the Company's UltraDEX oral healthcare product range in Italy. Polipharma is a well-known distribution company in Italy selling into both the dental and pharmacy channel, and they plan to launch the UltraDEX range in the Italian market early next year. \n \nThis partnership marks the continued international expansion of UltraDEX brand, which has now been partnered in nine new markets since being acquired by Venture Life in 2016, seven of which are in Europe, including Italy and Spain. The Company's goal is to gain established distribution partnerships for UltraDEX in 30 markets by 2020, and remains on target to achieve this. \n \n\n\nIn the 12 July 2017 trading update, we reported that record monthly gross sales for the UltraDEX brand were achieved in June 2017. The brand continues to grow in the UK, with many new store listings taking place since then.\n \nMyco-Clear\n\n\nIn addition, the Company announces the first group of long-term distribution agreements for its new in-house developed product Myco-Clear, a topical treatment for fungal nail infections. Signed distribution agreements now cover marketing in Egypt, Kingdom of Saudia Arabia & UAE through United Health, our new partner, and within Bulgaria through Ecopharm, which is already an existing important partner for three of our existing products. Myco-Clear has been developed to deal with both the aesthetic issue of the condition and the underlying infection, Onychomycosis (fungal nail infection), which causes discoloured, misshapen nails ...