CE Brands Inc. is pleased to report that eBuyNow eCommerce Ltd., a wholly-owned subsidiary of CE Brands, has entered into strategic distribution agreements with Smile Market Inc., DPC DO Brazil (“DPC”) and LUXAMERICA S.A (“Lux”) (each a “Distributor” and collectively the “Distributors”) to further expand the Company’s global distribution capabilities into the Central American, South American and the Caribbean markets (collectively, “LatAm”).
In each of the Distribution Agreements, the Distributor will be appointed as eBuyNow’s exclusive authorized distributor of certain CE Brands products, within their respective designated territories for a period of 2 years with potential for future extensions.
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The Distributors will initially be granted distribution rights to CE Brands’ smartwatches including the recently announced moto watch 100 which is part of the new line of Moto Smartwatches being launched in 2022.
“Motorola is a leading iconic brand and has one of the most recognizable brands in South and Central America as the leading cell phone manufacturer in Mexico and the second leading brand in LatAm. Finding the right partners to supply the LatAm market with Motorola products is an important step for the Company and we are proud to partner with leading distributors Smile, DPC and Lux to cover the entire region,” said Craig Smith, CEO of CE Brands. “The Distributors anticipate strong initial demand for our Motorola branded Smartwatch product line and we look forward to continuing to work closely with both our Distribution partners and Motorola to further our expansion into retail markets and to grow Smartwatch sales in these important markets.”
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With these new Distribution Agreements, CE Brands now has partners with distribution capabilities across all countries in Central America, South America and the Caribbean.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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