Jowell Global Announces Strategic Partnership with So.Di.Co Group
19 September 2022 - 2:00PM
Jowell Global Ltd. (“Jowell Global” or the “Company”) (NASDAQ:
JWEL), one of the leading cosmetics, health and nutritional
supplements, and household products e-commerce platforms in China,
today announced it has established strategic partnership with
So.Di.Co Group, a company headquartered in Milan, Italy, to promote
the sales of its organic and natural personal care products under
its own brands and its contracted IP derivative products in China.
In addition, Jowell Global and So.Di.Co Group will co-develop OEM
and ODM suppliers in China for So.Di.Co Group’s new product
development and enhanced production capacity mainly for China
market.
Mr. Zhiwei Xu, chief executive officer and
chairman of Jowell Global, commented: “We are very pleased to
continuously introduce premium international brands to Chinese
consumers. From the world’s fashion capital Milan, Italy, and with
30 years of experience in cosmetics business, So.Di.Co Group has
dedicated to safe and ethically-responsible personal care and
cosmetics for 25 years. As a business partner, Jowell Global will
leverage its expertise with China’s top tier OEM and ODM to assist
So.Di.Co Group with its new product development and production
capacity.”
Mr. Lauro Colomboni, chief executive officer of
So.Di.Co Group said: “As a leading player of online and offline
ecommerce platforms specialized in personal care and cosmetics,
Jowell Global will strengthen our sales and distribution channels
to meet the growing demand from Chinese consumers in search for
safe and environmental-responsible products. So.Di.Co Group was
established 30 years ago by a group of creative and far-sighted
researchers, to transform the passion for the properties of nature
into a new way of conceiving beauty and daily well-being,
accessible to every person. We look forward to advancing our
journey with Jowell from supply chains to sales channels in
personal care and cosmetics in China.”
About Jowell Global Ltd.
Jowell Global Ltd. (the “Company”) is one of the
leading cosmetics, health and nutritional supplements and household
products e-commerce platforms in China. We offer our own brand
products to customers and also sell and distribute health and
nutritional supplements, cosmetic products and certain household
products from other companies on our platform. In addition, we
allow third parties to open their own stores on our platform for a
service fee based upon sale revenues generated from their online
stores and we provide them with our unique and valuable information
about market needs, enabling them to better manage their sales
effort, as well as an effective platform to promote their brands.
The Company also sells its products through authorized retail
stores across China, which operate under the brand names of “Love
Home Store” or “LHH Store” and “Juhao Best Choice Store”. For more
information, please visit http://ir.1juhao.com/ .
About So.Di.Co Group
So.Di.Co Group is one of the leading independent
cosmetics, beauty and wellness producers in Italy. Its products
enter many homes, every day, in every simple daily action through
over 1,000 premium retailers in Europe, Middle East, and Africa
(EMEA) markets. Body care cosmetics are the result of research and
careful selection of raw materials: ingredients and formulations
designed to ensure personal well-being and respect for the
environment. So.Di.Co Group’s over 10 key brands include
Naturaverde, Vitalcare, Igiene+, DS-Dermasensitive, and has
invested during the last decade over 6% of its annual sales in
R&D and marketing activities. In the last ten years, So.Di.Co
Group has also invested in establishing a long-term presence in
obtaining licenses for baby and kids personal care products on a
multi-country level with certain leading international brands
and studios in motion picture industry. So.Di.Co Group has six
manufacturing facilities based in Italy and one plant in
Switzerland. Globally, So.Di.Co Group has about 300 employees and
its products are sold in over 60 countries with increasing brand
awareness.
Safe Harbor Statement
This press release contains forward-looking
statements. These statements are made under the "safe harbor"
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Statements that are not historical facts, including
statements about the Company's beliefs and expectations, are
forward-looking statements. Forward-looking statements involve
inherent risks and uncertainties, and a number of factors could
cause actual results to differ materially from those contained in
any forward-looking statement. In some cases, forward-looking
statements can be identified by words or phrases such as "may,"
"will," "expect," "anticipate," "target," "aim," "estimate,"
"intend," "plan," "believe," "potential," "continue," "is/are
likely to" or other similar expressions. The Company may also make
written or oral forward-looking statements in its reports filed
with, or furnished to, the U.S. Securities and Exchange Commission,
in its annual reports to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. These statements are
subject to uncertainties and risks including, but not limited to,
the following: the Company’s goals and strategies; the Company’s
future business development; financial condition and results of
operations; product and service demand and acceptance; reputation
and brand; the impact of competition and pricing; changes in
technology; government regulations; fluctuations in general
economic and business conditions in China and assumptions
underlying or related to any of the foregoing and other risks
contained in reports filed by the Company with the SEC. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed in the Company’s filings with the
SEC, which are available for review at www.sec.gov. The Company
undertakes no obligation to publicly revise these forward‐looking
statements to reflect events or circumstances that arise after the
date hereof.
For investor and media inquiries, please
contact:
In China:
Jowell Global Ltd.Ms. Jessie ZhaoEmail:
IR@1juhao.com
The Blueshirt GroupMs. Ally WangEmail:
ally@blueshirtgroup.com
In the United States:
The Blueshirt GroupMs. Julia QianEmail:
julia@blueshirtgroup.com
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