Aggressive acquisitions more than double North American technology e-commerce product sales and recurring revenue from consumer, commercial and government customer sales
coconut grove florida, March 26, 2024 /PRNewswire/ — NextPlat Corp (Nasdaq: NXPL, NXPLW) (“NextPlat” or the “Company”), a global e-commerce provider, today announced the acquisition of Outfitter Satellite Inc. (“Outfitter”) in an all-cash transaction, significantly expanding its North American e-commerce business. announced. transaction.The transaction is expected to close in the next day April 1, 2024.
to the original Nashville, TennesseeFor more than 20 years, Outfitter has provided consumer, commercial and government customers with advanced satellite-based connectivity solutions from leading brands such as Iridium, Inmarsat and Globalstar. The acquisition is expected to more than double NextPlat's existing North American technology e-commerce product sales and recurring revenue. Additionally, the transaction is expected to leverage Outfitter's leased office and warehouse space to support future domestic operations and distribution, while driving increased profitability through increased operational efficiency and resource sharing. The company is integrating the Outfitters business into its global e-commerce platform, significantly expanding its product lineup and expanding into international markets as NextPlat continues to further penetrate high-growth markets in technology and healthcare domestically and internationally. We anticipate that we will be able to begin sales.
“Outfitter is an ideal addition to our technology e-commerce portfolio, delivering immediate synergies and value to quickly and profitably scale our North American operations. , through the anticipated introduction of new technology and healthcare e-commerce services, this year we are executing on our growth plans by expanding our operations in the following geographies: US and in other large markets around the world.” Charles M. FernandezExecutive Chairman and CEO of NextPlat Corp.
david phippsNextPlat's President and CEO of Global Operations added, “We continue to see consumer and commercial demand for connected products and services, particularly in the following broad regions: US A place that has had limited exposure up until now. I look forward to working with the Outfitter team to quickly leverage the capabilities of our global e-commerce platform to further support our customers while driving e-commerce growth with NextPlat's valuable new technology. ”
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About NextPlat Corp
NextPlat is a global e-commerce platform company founded to tap into multiple high-growth sectors and markets, including technology and healthcare. Through acquisitions, joint ventures and collaborations, we want to help companies sell their products online, domestically and internationally, and to help our customers and partners optimize their e-commerce presence and revenue. NextPlat currently operates an e-commerce communications division that provides voice, data, tracking and IoT products and services worldwide, as well as pharmacy and healthcare data management services. US Through its subsidiary Progressive Care Inc. (OTCQB: RXMD).
Forward-looking statements
Certain statements in this release constitute forward-looking statements. These statements include the capabilities and success of our business and its products, services or solutions. “believe,” “anticipate,” “plan,” “intend,” “expect,” “plan,” “should,” “would,” and similar expressions and all statements that are not historical facts. The description is intended to: Identify forward-looking statements. These forward-looking statements involve and may be affected by known and unknown risks, uncertainties and other factors. This includes our ability to launch additional e-commerce capabilities and transact business for physical and digital assets. cryptography The currency and its ability to grow and expand as intended. that any of them will achieve any or all of our objectives or our previously reported actual results, operating results (financial or operating), including those expressed or implied by such forecasts; You may not be able to do so. Appearance statement. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is contained in the Company's filings with the Securities and Exchange Commission (the “SEC”), copies of which may be found at Available from the SEC website. At www.sec.gov. The Company undertakes no obligation, and hereby disclaims any obligation, to update any forward-looking statements contained in this press release.
NextPlat Corp Media and Investor Contact:
michael glickman
MWGCO Co., Ltd.
917-397-2272
[email protected]
Source NextPlat Corp.
