TEL AVIV, ISRAEL, November 8, 2022 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies, electric vehicles and charging solutions, today announced Jeffs’ Brands Ltd. (“Jeffs’ Brands” is Medigus’s 35.27%). His data-driven e-commerce company, which operates on the Amazon marketplace, is taking steps to support its growth and expansion.
Jeffs’ Brands has signed an agreement with a US-based storage and distribution center to support Jeffs’ Brands’ plans to sell products directly and launch a new e-commerce platform.
Jeffs’ Brands will offer Fulfillment by Merchant (FBM) services as Amazon continues to restrict Fulfillment by Amazon (FBA)-based inventory and service activities.
The storage and distribution center is located near Newark Airport, the second largest port in the United States, and near New York’s JFK Airport. The center has a total area of 100,000 square feet and 20 loading docks for loading and unloading containers and trucks. This center handles supply his chain, inventory, order processing, and direct shipment to the end customer.
“Having designated storage, logistics, and shipping capabilities is a key factor for the future growth of our business. A central logistic location with high capacity to process orders and reliably ship to end customers. The ability to keep inventory close to , allows us to start selling directly from brands’ websites, launching new e-commerce platforms, and supporting FBM’s new activities,” said Jeffs’ Brands’ chief executive. Director, Victor Hakmon said.
FBM allows sellers to control the entire shipping and handling process. Instead of paying service fees and delivering inventory to Amazon to fulfill sales, sellers use their own resources to ship products directly to customers. FBM gives sellers complete control over the entire process from purchase to shipping to receipt.
About Jeffs’ Brands Ltd.
Jeffs’ Brands is transforming the world of e-commerce by creating and acquiring products, turning them into market leaders and tapping into vast unrealized growth potential. Through his insight into his FBA Amazon business model of his talented team at Jeffs’ Brands, Jeffs’ Brands uses both human capabilities and advanced technology to take their products to the next level. Learn more about Jeffs’ Brands Ltd. here. https://jeffsbrands.com.
About Medigas
Israel-based Medigus Ltd. (Nasdaq: MDGS) is a technology company focused primarily on innovative and growing partnerships in the advanced medical solutions, digital commerce and electric vehicle markets. His Medigus partnerships in the medical solutions space include ownership of Polyrizon Ltd. and of Industry 4.0 company ScoutCam Inc. Our affiliates in digital commerce include Gix Internet Ltd., Jeffs’ Brands Ltd. and Eventer Technologies Ltd. Markets, Charging Robotics Ltd. and Revoltz Ltd. are also part of our portfolio of technology solution providers. For more information on Medigus’ advanced technology, visit his website at: http://www.medigus.com/.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Words such as “expect”, “anticipate”, “intend”, “plan”, “believe”, “seek”, “estimate” and similar expressions or variations of such words are It is intended to identify forward-looking statements. Such statements address future events and are based on Medigas’ current expectations and are therefore subject to various risks and uncertainties, and actual results, performance or achievements may not be guaranteed in this press release. may differ materially from what is stated or implied in the description.
Forward-looking statements included or implied in this press release are subject to other risks and uncertainties, including those described in our filings with the SEC. Except as otherwise required by law, Medigas does not publicly revise these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. under no obligation to release to References and links to websites are provided as a convenience, and information contained in such websites is not incorporated by reference into this press release. Medigus is not responsible for the content of his website of third parties.
Company Contact:
Talidinar
CFO
+972-8-6466-880
ir@medigus.com
Investor Information Contact:
Dave Gentry
red chip companies
1-800-RED-CHIP (733-2447)
or 407-491-4498
MDGS@redchip.com
