VANCOUVER , March 19, 2019 /CNW/ – Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”), is pleased to provide a corporate update on sales and distribution.
Retail Distribution and Sales Progress
During Q1 of 2019, Management’s priorities and main focus were to secure major retail distribution and to drive sales through its e-commerce and Amazon platforms. During the first quarter, Koios secured supplier agreements with two of the largest retailers in the world and added an additional 4,000 retail locations carrying its products across the United States . Purchase orders from February 1, 2019 through March 13, 2019 total more than CAD$734,876 excluding online revenue. The figures mentioned above encompass all of the Company’s current retail and wholesale partners. Based on the success of sales obtained from its current channels and conversations with its retail partners, Management estimates that it will add an additional 2,500 retail locations carrying its products across the United States in Q2 of 2019.
Additional success and sales velocity have been substantial in smaller retailers with the Company surpassing industry standard sell through rates with companies such as Alfafa’s, Locals Grocery, Tony’s Meats, Go Fresh and specialty stores across the country. Despite the Company’s recent success securing nationwide retailers, Management intends to devote additional resources to ensure success in this natural channel. These types of smaller retail stores are incubators for brands that cater to early adopters, who can become lifelong advocates of the brand. The Company will secure the assistance of natural food brokers to assist in replenishment and store retention.
Our digital reach has also increased substantially with each of our large retail partners having added Koios to their digital portfolios allowing consumers to purchase from their ecommerce platforms. There has been a substantial increase during Q1 in ecommerce sales through these two specific outlets.
Additionally, the Company expects to release its updated E-commerce and sales platform in May 2019 , to service its over 7,000 active clients and audience of over 18,000 followers on Instagram. The Company will be adding a subscription service to its website that will add greater value to its core customer base and will help generate reoccurring revenues monthly. Management will also be adding built in wholesale functions to increase efficiencies with its retail partners, as well as adding its own proprietary software management system to enhance communication in real time with its sales teams, suppliers and partners.
Management anticipates that streamlining the website will allow for greater volume, revenue, increased efficiencies, increased margins and increased customer retention and attention.
An additional priority of the Company during Q1 2019 was to build an efficient and effective Amazon platform. We partnered with WishingUWell, a chosen Amazon partner to optimize our Amazon store front and approach to keep us highly competitive. Once launched in May 2019 , customers from all over North America will be able to order any of the Company’s products through Amazon Prime.