An emerging global e-commerce products firm like Reviv3 Procare Company (OTCMKTS:RVIV) needs to a solid distribution network for success and this past Friday the company was in the news after it made an announcement on those lines. The company announced yesterday that it had inked a distribution agreement with MEVI EVOCONST SRL for its AXIL hearing enhancement and protection product for exclusive distribution in the Romanian market.
On Friday, RVIV stock jumped 7.09% to $0.3488 with more than 620 shares, compared to its average volume of 12.29K shares. The stock moved within a range of $0.3488 – 0.3488 after opening trading at $0.3488.
Reviv3 Further Expands Distribution of AXIL Hearing Protection and Performance Products with Addition of Romanian Distributor
The Director of Innovation at the company Weston Harris spoke about the development as well. He noted that there was a continuing escalation in demand for the company’s hearing enhancement and protection products all over Europe.
He went on to add that the growth in the international distribution network would have a positive effect on the company’s revenues and earnings in the upcoming year and beyond.
As per the provisions of the agreement between the two parties, the products which are going to be distributed are going to be AXIL GS Digital, GS EXTREME 2.0, Trackr advanced hearing protection products and also other products which are currently being developed by Reviv3 Procare Company. It is now going to be interesting to see if the company’s stock gains any attention from investors over the coming days.