Including Strong Sales Numbers, Revised Website, and Fit Soda Launch Date
Halfway through 2019, Koios is thrilled to provide an all-around positive update with respect to its operations. Koios’ products have increased in sales volume at its big box/grocery retailers. Additionally, Koios product sales volumes have increased both with its sports nutrition retailers and Amazon, and sell-through rates at specialty grocers and retailers is greater than the industry standard. The Company is presently undertaking efforts to revise its website to offer an improved e-commerce experience as well as an enhanced investor relations section. Koios is also in the process of procuring several distribution partners (including a third-party broker and co-packing vendors), though its focus remains on providing consistently good service to its current partners regardless of how much it scales upward. Finally, the Fit SodaTM product is being produced for wide-scale distribution outside of Denver, CO starting on Friday, July 19, 2019 . This production will prepare the Company for wide-scale distribution of Fit SodaTM nationwide in August of 2019.
VANCOUVER , July 17, 2019 /CNW/ – Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to provide a mid-2019 corporate update, reflecting a number of notable positive advances since its prior update on March 19, 2019 . For clarity, this update is segregated into five sections; Retailer Partnerships, Koios E-Commerce and IR Websites, Supply Chain Partner and Scalability Developments, Fit Soda Update, and Koios Financial Insights.
Koios’ products are primarily sold through the major retail channels of some of the biggest names in retail, in addition to Amazon, as well as a strong base of specialty grocers and retailers. Achieving distribution in a total of more than 4,300 stores in less than one year following a product’s launch is rarely seen for any new product line, with placement in national retailers typically taking several years to accomplish. While Koios is working with distributor agencies to expand its footprint with retailers, management is taking great caution to ensure growth does not occur too rapidly, as such growth may come at the expense of its current level of performance, and possibly damage its existing relationships. The Company’s primary focus remains on providing the highest quality of product and service to its current partners irrespective of the extent to which Koios scales upward.
Big Box Grocery: Koios products are currently stocked in 1,084 “big box” grocery retail locations across the United States . Sales of Koios products have doubled in volume, driven by a sales per-SKU (stock keeping unit) increase from 1.1 to 3.4 per SKU on average, per store per week, in this specific channel (based on data from the week ending June 30, 2019 ). Koios partnered with a major US-based food processing conglomerate during the period of Sunday, June 23, 2019 to Wednesday, June 26, 2019 , to demonstrate Koios products in over 600 of these “big box” retail grocery stores in which Koios products are sold, causing sales to triple in a two-week period. The Company plans to set up additional in-store demonstrations in many of the other “big box” retail locations to bolster volume. To date, Koios has a 98% on-time delivery rate within this channel.