Tytan Tiles hits shelves in over 2,000 Walmart
stores nationwide, launches Amazon store, and announces 4 new
upcoming product offerings for 2023
CLEARWATER, Fla. ,
Jan. 18,
2023 /PRNewswire/ -- Upexi Inc. (NASDAQ: UPXI)
(the "Company" or "Upexi"), a multi-faceted Amazon and
Direct-to-Consumer brand owner and innovator in aggregation, today
announced the Company's children's toy brand, Tytan Tiles
("Tytan"), has officially been approved by Amazon.com to launch its
first branded direct-to-consumer storefront, Tytan Brands Store,
for its top selling toy products. Additionally, Tytan Tiles has
officially launched, as previously announced, into over 2,000
Walmart storefronts nationally.
Tytan Tiles is a high-quality, eco-conscious toy company that
has grown 100% year-over-year for the past two years, driven by its
line of STEM toys. Tytan's product lines have been one of the top
selling toys in Sam's Club since 2018, a bestseller on Walmart.com,
and a top seller on Walmart.com during Cyber week 2022.
Additionally, the product lines were featured in Walmart Toybook
2022, expanding its marketing reach to millions of households,
nationally.
Upexi is developing a full assortment with retailers for its
Tytan Tiles product lines. Tytan Tiles plans to launch up to four
new products in 2023, including Magnetic Cubes, Fort Builder Kit,
Dino Tiles Kit, and Princess Titles Kit, into current retailers and
Amazon direct.
"Our successful launch with Amazon and Walmart validates our
ability to scale and leverage our relationships with leading
retailers. Building upon our successful history with Walmart.com,
we are excited to announce the official launch of our Tytan Tiles
branded, direct-to-consumer storefront on Amazon.com," commented
Upexi's CEO, Allan Marshall. "Tytan
Tiles products continue to be wildly popular with consumers and
outperform in terms of sales growth. Our robust distribution in
some of the nation's largest retailers combined with the Amazon
presence should drive growth for the multiple new products being
launched this year. The educational toy category remains a key
target for organic growth and a focus for potential future
acquisitions."
About Upexi, Inc.:
Upexi is a multi-faceted brand owner with established brands in
the health, wellness, pet, beauty and other growing markets. We
operate in emerging industries with high growth trends and look to
drive organic growth of our current brands. We focus on direct to
consumer and Amazon brands that are scalable and have anticipated,
high industry growth trends. Our goal is to continue to accumulate
consumer data and build out a significant customer database across
all industries we sell into. The growth of our current database has
been key to the year over year gains in sales and profits. To drive
additional growth, we have and will continue to acquire profitable
Amazon and eCommerce businesses that can scale quickly and reduce
costs through corporate synergies. We utilize our in-house, SaaS
programmatic ad technology to help achieve a lower cost per
acquisition and accumulate consumer data for increased
cross-selling between our growing portfolio of brands.
FORWARD LOOKING
STATEMENTS:
This news release contains "forward-looking statements" as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Statements in this press release which are not purely historical
are forward-looking statements and include any statements regarding
beliefs, plans, expectations or intentions regarding the future.
Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
business strategy, potential acquisitions, revenue guidance,
product development, integration and synergies of acquiring
companies and personnel. These forward-looking statements are made
as of the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that the beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that such beliefs, plans,
expectations or intentions will prove to be accurate. Investors
should consult all of the information set forth herein and should
also refer to the risk factors disclosure outlined in our annual
report on Form 10-K and other periodic reports filed from
time-to-time with the Securities and Exchange Commission.
Company Contact
Andrew
Norstrud, Chief Financial Officer
Email: andrew.norstrud@upexi.com
Phone: (702) 332-5591
Investor Relations Contact
KCSA Strategic
Communications
Valter Pinto or Jack Perkins
Email: Upexi@KCSA.com
Phone: (212) 896-1254
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SOURCE Upexi, Inc.