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Elite Well being Companions is a producer, marketer, and distributor of well being and sweetness merchandise through its 3PL logistics and achievement middle.
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License of Jupiter Wellness property to transform to buy by Elite Well being upon execution of Elite’s deliberate IPO
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All Security Shot beverage property stay with Security Shot Inc.
JUPITER, FL, Feb. 22, 2024 (GLOBE NEWSWIRE) — Security Shot, Inc. (Nasdaq: SHOT) in the present day introduced it has signed an settlement to license and promote its legacy Jupiter Wellness property to Colorado-based Elite Well being Companions Inc. The Firm’s Jupiter Wellness property embody a portfolio of over-the-counter commercialized merchandise in addition to product candidates in growth for indications together with skincare, hair progress, and ladies’s well being.
Elite Well being is a number one supplier of world-class, modern services that fulfill a broad vary of shopper well being and sweetness wants globally. With experience in new product growth, product formulation, and customization, Elite Well being serves non-public label shoppers together with business main beauty, complement, and pet manufacturers whose merchandise are bought by means of nationwide retailers reminiscent of Walmart, 7-Eleven, and Circle Ok. Merchandise are shipped from Elite Well being’s 3PL logistics and achievement middle to over 72 international locations worldwide. Elite Well being owns and operates an FDA registered, cGMP and ISO 22716 licensed manufacturing facility. By means of its MIDAS Manufacturing know-how division, Elite Well being’s proprietary manufacturing execution software program MIDAS, developed in-house to handle all features of its enterprise, is about to launch as a software-as-a-service (SaaS) product. Elite Well being expects MIDAS to drive income and gross margin progress following launch.
Presently a non-public firm, Elite Well being plans to file a registration assertion for an IPO by Q3 2024 and subsequently change into a publicly listed firm. Upon its IPO, Elite Well being will purchase the licensed Jupiter Wellness property for a consideration of 40% of Elite Well being’s excellent shares that Security Shot plans to dividend to its shareholders
“Elite Well being, mixed with our Jupiter Wellness portfolio, is about to change into a wellness powerhouse that develops, manufactures, launches, markets, and distributes a portfolio of high-quality merchandise,” acknowledged Security Shot CEO Brian John. “This take care of Elite Well being is a good way for Security Shot to monetize our property, additional releasing us as much as focus solely on Security Shot’s huge alternative within the useful beverage business.”
Tom Nyiri, CEO of Elite Well being, commented, “At Elite Well being Companions, we have now the know-how, amenities, and business relationships to considerably increase and speed up markets for Jupiter Wellness’ portfolio. With these propriety merchandise, mixed with the upcoming launch of our MIDAS SaaS, we are actually properly positioned to record as a publicly traded firm and additional put money into our progress. We’re very happy to companion with Security Shot and imagine our joint property and the long run potential of Elite Well being.”
About Security Shot
Security Shot, a wellness and useful beverage firm, is about to launch Security Shot, the primary patented wellness beverage on Earth that helps folks really feel higher sooner by decreasing blood alcohol content material, boosting readability and general temper. Security Shot is out there for retail buy at www.DrinkSafetyShot.com and www.Amazon.com. The Firm plans to launch business-to-business gross sales of Security Shot to distributors, retailers, eating places, and bars within the first quarter of 2024.
About Elite Well being Companions
Elite Well being Companions Inc. makes a speciality of contract manufacturing with a deal with producing superior-quality liquid dietary dietary supplements, private care merchandise, and pet merchandise. They’re a vacation spot in service-driven course of optimization. Greater than a contract producer, Elite Well being is an integral working arm of our companion manufacturers that drives innovation, product growth, and scalability in all their manufacturing wants. By means of its know-how division, MIDAS Manufacturing, a revolutionary SaaS platform, is taking form, poised to rework the manufacturing panorama with game-changing automation and real-time insights. The corporate’s complete 3PL achievement providers underscore its dedication to logistical effectivity and consumer assist. Elite Well being Companions Inc. is on the forefront of integrating technology-driven options in manufacturing and is devoted to elevating requirements and driving innovation within the CPG sector.
Ahead Wanting Statements
This communication comprises forward-looking statements concerning Security Shot, together with, the anticipated timing of research and the outcomes and advantages thereof. You possibly can typically establish forward-looking statements by means of forward-looking terminology reminiscent of “anticipate,” “imagine,” “proceed,” “may,” “estimate,” “count on,” “discover,” “consider,” “intend,” “might,” “may,” “plan,” “potential,” “predict,” “mission,” “search,” “ought to,” or “will,” or the damaging thereof or different variations thereon or comparable terminology. These forward-looking statements are primarily based on every of the Firm’s present plans, goals, estimates, expectations, and intentions and inherently contain important dangers and uncertainties, a lot of that are past Security Shot’s management. Precise outcomes and the timing of occasions may differ materially from these anticipated in such forward-looking statements because of these dangers and uncertainties and different dangers and uncertainties affecting Security Shot and, together with these described once in a while below the caption “Danger Elements” and elsewhere in Security Shot’s Securities and Change Fee (SEC) filings and stories, together with Security Shot’s Annual Report on Kind 10-Ok for the yr ended December 31, 2023 and future filings and stories by Security Shot. Furthermore, different dangers and uncertainties of which the mixed firm just isn’t at present conscious might also have an effect on every of the businesses’ forward-looking statements and should trigger precise outcomes and the timing of occasions to vary materially from these anticipated. Traders are cautioned that forward-looking statements are usually not ensures of future efficiency. The forward-looking statements made on this communication are made solely as of the date hereof or as of the dates indicated within the forward-looking statements and mirror the views acknowledged therein with respect to future occasions at such dates, even when they’re subsequently made out there by Security Shot on its web site or in any other case. Security Shot undertakes no obligation to replace or complement any forward-looking statements to mirror precise outcomes, new info, future occasions, modifications in its expectations or different circumstances that exist after the date as of which the forward-looking statements had been made.
Investor Contact:
Telephone: 561-244-7100
E mail: buyers@drinksafetyshot.com
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