Engaged in advancing innovative solutions for large-scale market applications
OMER, Israel, Oct. 30, 2020 – Medigus Ltd. (Nasdaq:MDGS) (TASE:MDGS), a technology company engaged in advanced medical solutions and innovative internet technologies, today announced that it was informed by Purex Inc., a data-driven e-commerce company operating on the Amazon Marketplace, that it will launch a new line of COVID-19 related products on the Amazon Marketplace.
The first COVID-19 related products Purex will sell under its brand will be a portable protection and sanitizer for mobile phones and a UV disinfection on-the-go sterilizer bag. Initially, the products will be available for purchase on Amazon USA.
Medigus previously announced it has entered into e-commerce business by signing a definitive agreement to acquire a controlling interest in Smart Repair Pro and Purex, Inc. Pursuant to the agreement, Medigus will own 50.01% of the issued and outstanding share capital of each of the companies. The closing of the transactions contemplated in the definitive agreements are subject to customary closing conditions and is expected to close in the upcoming weeks.
Smart Repair Pro and Purex currently manage three successful brands on the Amazon Marketplace, offering a variety of products. According to initial information provided to Medigus, the companies’ revenues target for 2020 is approximately $3 million with a net profit of approximately 35%.
Medigus Ltd. is a technology-based company engaged in advancing innovative solutions for large-scale market applications. To learn more about Medigus’ advanced technology, please visit www.medigus.com.