Welcome!

News Feed Item

EXOlifestyle, Inc. Provides an Update on Sales and Corporate Activity

BOCA RATON, FL -- (Marketwired) -- 02/16/17 -- EXOlifestyle Inc. (OTCQB: EXOL), a management firm which develops and operates innovative and healthy brands within the health & wellness industry with a strong focus on athletic gear and apparel, is pleased to provide shareholders 2017 highlights and sales updates.

  • Solid first year sales from our EXO, Inc. subsidiary.
  • Plans to expand both our product offering and the sale of our products globally.
  • Year to date results, future growth, and endorsements.

EXOlifestyle, Inc. is mainly focused on its EXO, Inc. subsidiary, which is a designer and producer of active wear brands offered in national fitness retailers in the U.S. Revenue growth at EXO has increased each quarter since we acquired it. We attribute this growth to our high-quality, original product offerings, which include an innovative compression knee sleeve collection offered in a variety of custom prints and colorful patterns, knee wraps, wrist wraps, weight belts targeted to the high-performance athletic market including CrossFit®, weightlifting, endurance training, boot camps, circuit training programs, powerlifting, Olympic weightlifting and other strength training protocols. EXO is focused on consumer markets and specialty and commercial distribution channels. Our plans for the future include continuing to increase net revenues by strengthening our position in the sports gear and apparel market by building our core business and targeting new consumer segments.

As previously announced, EXO has launched a sales channel on the Amazon.com market place. This arrangement allows Amazon to handle the fulfillment, returns and customer feedback, which allows us to focus our efforts on broadening our product offerings and expanding our presence globally. Our plans include expanding the fits, styles and colors of our current offerings, as well as expanding our offerings to multiple price points, both of which will enable us to compete more successfully and grow our consumer base. EXO currently has customers in Canada, Mexico, UK, UAE, New Zealand and Australia. We expect to expand our efforts in these countries in the Third Quarter 2017, along with Spain, France, Italy and Germany. During the Second Quarter of fiscal 2018 our plans call for introducing our world class products to the Asian markets.

"EXOlifestyle is committed to creating and distributing high-end products for the fitness market," said Vaughan Dugan, Chief Executive Officer and Director of EXOlifestyle, Inc. "Our top priority will be to provide athletes with superior product to protect them from injury. We believe by producing a world class product at an affordable price point, we can continue to build our brand and expand the global market for our products."

For the fiscal year ended September 30, 2016, active wear sales generated by EXO, Inc. have increased from the prior year with strong gross margins. The rate of increasing sales volume from EXO continued into our first quarter ended December 31, 2016 compared to the same period in 2015. Gross margins on sales during our most recent quarterly period continued to remain strong. We attribute these increases to a tremendous acceptance of our active wear brands. We expect this trend to continue as our online presence increases and our products are offered through national fitness retailers in the U.S. and worldwide. This snapshot of our active wear sales volumes does not include reported revenues from our hospitality operations as we continue to evaluate strategic alternatives for this aspect of our business. Also, total operating expenses in each of these periods has increased leading to overall net losses.

We currently sponsor and showcase regional and national athletic competitions in order to drive awareness and brand authenticity from a grassroots level. We also rely heavily on a well-established social media presence to generate awareness for our products, such as Instagram, Facebook, Twitter, Pinterest, and YouTube. We also utilize a network of influencers and brand ambassadors to generate brand awareness for EXO products. Our current brand ambassadors, which include: Keanu Neal (2016 NFL 1st Round Draft Pick, Atlanta Falcons), Anna Tunnicliffe (2008 Olympic Gold Medalist, 4X CrossFit Games Competitor), Noah Ohlsen (3X CrossFit Games Competitor, 3X Wodapalooza Champion 2015, 2016, 2017), Sarah Robles (2016 Olympic Bronze Medalist-weightlifting), Christmas Abbot (Best Selling Health & Wellness Author & Celebrity, CrossFit Athlete, NASCAR Pit Crew), Brooke Ence (Fitness Celebrity and Professional CrossFit Athlete), Kaela Stephano (2016 CrossFit Games Teen Champion), Elijah Muhammed (Elite CrossFit Athlete), Dan Bailey (4X CrossFit Games Competitor), Sheila Barden (2X CrossFit Games Competitor), and Lauren Brooks (CrossFit Games Athlete).

About EXOlifestyle Inc.
EXOlifestyle Inc. is a management firm which develops and operates innovative and healthy brands within the health & wellness industry with a strong focus on athletic gear and apparel.

EXO is a functional sports gear and apparel brand, and designer and producer of active wear products offered in fitness retailers internationally and throughout the U.S. EXO's offerings include an innovative compression knee sleeve collection offered in a variety of custom prints and colorful patterns, knee wraps, wrist wraps and weight belts targeted to the high-performance athletic market. (www.EXOsleeve.com)

Safe Harbor Statement
This release contains statements that involve expectations, plans or intentions (such as those relating to our sales expectations, products and markets) and other factors discussed from time to time in our Securities and Exchange Commission filings. These statements are forward-looking and are subject to risks and uncertainties, so actual results may vary materially. You can identify these forward-looking statements by words such as "may," "should," "expect," "anticipate," "believe," "estimate," "intend," "plan" and other similar expressions. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors not within our control. We caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Investor Relations:
EXOlifestyle Inc.
561-939-2520
[email protected]

Media Relations:
Nicole Biscuiti
(561)445-0447
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
Though cloud is the future of enterprise computing, a smooth transition of legacy applications and systems is critical for seamless business operations. IT professionals are eager to start leveraging the cost, scale and other benefits of cloud, but with massive investments already in place in existing infrastructure and a number of compliance and resource hurdles, it can be challenging to move to a cloud-based infrastructure.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp emp...
In his session at 21st Cloud Expo, Raju Shreewastava, founder of Big Data Trunk, will provide a fun and simple way to introduce Machine Leaning to anyone and everyone. Together we will solve a machine learning problem and find an easy way to be able to do machine learning without even coding. Raju Shreewastava is the founder of Big Data Trunk (www.BigDataTrunk.com), a Big Data Training and consulting firm with offices in the United States. He previously led the data warehouse/business intellige...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Cloud Expo, Inc. has announced today that Andi Mann and Aruna Ravichandran have been named Co-Chairs of @DevOpsSummit at Cloud Expo Silicon Valley which will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. "DevOps is at the intersection of technology and business-optimizing tools, organizations and processes to bring measurable improvements in productivity and profitability," said Aruna Ravichandran, vice president, DevOps product and solutions marketing...
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...
In a recent survey, Sumo Logic surveyed 1,500 customers who employ cloud services such as Amazon Web Services (AWS), Microsoft Azure, and Google Cloud Platform (GCP). According to the survey, a quarter of the respondents have already deployed Docker containers and nearly as many (23 percent) are employing the AWS Lambda serverless computing framework. It’s clear: serverless is here to stay. The adoption does come with some needed changes, within both application development and operations. Tha...
SYS-CON Events announced today that Avere Systems, a leading provider of enterprise storage for the hybrid cloud, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Avere delivers a more modern architectural approach to storage that doesn't require the overprovisioning of storage capacity to achieve performance, overspending on expensive storage media for inactive data or the overbui...