CHICAGO, IL / ACCESSWIRE / September 15, 2022 / Cosmos Holdings d/b/a Cosmos Well being, Inc. (“the Firm”) (Nasdaq:COSM), is a world healthcare group with proprietary traces of nutraceuticals and distributor of prescription drugs, branded generics, OTC drugs and medical units, immediately introduced that the Firm’s proprietary line of nutraceuticals, Sky Premium Life, has entered into an unique settlement with Mediprovita GbR. Mediprovita will start promoting its Sky Premium Life (“SPL”) merchandise in Germany and Austria starting within the Fourth Quarter. The preliminary order for 20 SKUs can be offered via Amazon, Ebay, and Mediprovita’s personal ecommerce web site. The Firm expects to increase its relationship with Mediprovita within the close to future to incorporate the distribution of 70 SKU’s.
Mediprovita is a full-service distributor and logistics supplier of shopper merchandise with over 30 years of expertise. Cosmos has signed a distribution settlement with Mediprovita to be their unique distributor in Germany and Austria of the Sky Premium Life line. A proprietary, luxurious and high-quality dietary dietary supplements’ model, with an entire vary of nutritional vitamins, minerals, herbs, and distinctive formulation. Below the phrases of the settlement, Mediprovita will make use of its gross sales, advertising, and e-commerce experience to distribute Sky Premium Life merchandise all through Germany and Austria. Aggelos Kiriazis, Mediprovita’s CEO acknowledged “Sky Premium Life merchandise are an excellent match for our enterprise, as we started promoting meals dietary supplements two years in the past, with nice success. Primarily based on our complete market analysis, we count on SPL merchandise to have sturdy fee of acceptance within the German and Austrian markets.”
“Our entry into Germany and Austria is a crucial step for us, as Germany has the most important Nutraceuticals market in Europe.” acknowledged Greg Siokas, Chief Govt Officer of Cosmos Well being. “We’re persevering with our international roll-out technique as we launch our merchandise worldwide. To date in 2022, now we have efficiently launched our merchandise on Amazon in the USA, United Kingdom, Canada, and Singapore. Our key goal stays to develop internationally, as we proceed to leverage our strong international logistics and distribution capabilities, whereas increasing our buyer base worldwide.”
In accordance with Mordor Intelligence, the European nutraceutical market is predicted to develop at a 7.5% CAGR to surpass $100 billion by 2027. Germany boasts the most important nutraceutical market inside Europe at roughly 14%. Market growth in Europe is attributed to the continued rising healthcare prices and an getting old inhabitants.
About Cosmos Well being, Inc.
Cosmos Well being Inc. (Nasdaq:COSM) is a world healthcare group that was included in 2009 and is headquartered in Chicago, Illinois. Cosmos Well being is engaged within the nutraceuticals sector via its personal proprietary traces of merchandise “Sky Premium Life” and “Mediterranation.” Moreover, the Firm is working within the pharmaceutical sector via the availability of a broad line of branded generics and OTC drugs and is concerned within the healthcare distribution sector via its subsidiaries in Greece and UK serving retail pharmacies and wholesale distributors. Cosmos Well being is strategically centered on the R&D of novel patented nutraceuticals (IP) and specialised root extracts in addition to on the R&D of proprietary complicated generics and progressive OTC merchandise. Cosmos has developed a world distribution platform and is at present increasing all through Europe, Asia and North America. Cosmos Well being has workplaces and distribution facilities in Thessaloniki and Athens, Greece and Harlow, UK. Extra data is accessible at www.cosmosholdingsinc.com and www.skypremiumlife.com.
Ahead-Trying Statements
Aside from the historic data contained on this information launch, the issues described herein, might comprise forward-looking statements throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended. Statements preceded by, adopted by, or that in any other case, embrace the phrases “believes,” “expects,” “anticipates,” “intends,” “tasks,” “estimates,” “plans” and comparable expressions or future or conditional verbs equivalent to “will,” “ought to,” “would,” “might” and “may”, are typically forward-looking in nature and never historic information, though not all forward-looking statements embrace the foregoing. These statements, contain unknown dangers and uncertainties that will individually or materially impression the issues mentioned, herein for quite a lot of causes which are exterior the management of the Firm, together with, however not restricted to, the Firm’s capability to boost ample financing to implement its marketing strategy, the impression of the COVID-19 pandemic and the struggle in Ukraine, on the Firm’s enterprise, operations and the financial system generally, and the Firm’s capability to efficiently develop and commercialize its proprietary merchandise and applied sciences. Readers are cautioned to not place undue reliance on these forward- trying statements, as precise outcomes may differ materially from these described within the forward-looking statements contained herein. Readers are urged to learn the danger components set forth within the Firm’s filings with the SEC, which can be found on the SEC’s web site (www.sec.gov). The Firm disclaims any intention or obligation to replace, or revise any forward-looking statements, whether or not on account of new data, future occasions or in any other case.
Investor Relations Contact:
Lytham Companions, LLC
Ben Shamsian
E: [email protected]
P: 646-829-9701
SOURCE: Cosmos Holdings, Inc.
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