Upexi Completes Consolidation of Operations and Announces Initiating Process to Explore Strategic Alternatives to Enhance Shareholder Value
Upexi Completes Consolidation of Operations and Announces Initiating Process to Explore Strategic Alternatives to Enhance Shareholder Value
- Consolidation of operations will reduce operating expenses by $2-$3 million annually
- In process to engage investment bank for strategic alternatives
- 通過整合運營,每年可以減少200萬美元到300萬美元的營業費用
- 正在尋求投資銀行參與戰略決策
TAMPA, FL / ACCESSWIRE / June 6, 2024 / Upexi, Inc. (NASDAQ:UPXI) (the "Company" or "Upexi"), a multi-faceted Amazon and Direct-to-Consumer ("DTC") brand owner and innovator in aggregation, today announced that the strategic initiative to reduce operational and general and administrative expenses through the consolidation and streamlining of operations have been completed. Management expects that these initiatives will reduce overall expense by $2 to $3 million dollars per year, with minimal impact to operations.
佛羅里達坦帕 / ACCESSWIRE / 2024年6月6日 / Upexi公司(納斯達克股票代碼:UPXI)("公司"或"Upexi"),一家擁有亞馬遜和麪向消費者("DTC")多元化品牌的品牌所有者和創新者,在聚合方面處於領先地位,今天宣佈通過整合和精簡業務來減少運營費用和總行政費用的戰略舉措已經完成。管理層預計這些舉措將每年減少總費用200萬至300萬美元,並對運營影響最小。
Additionally, management and the Board of Directors are exploring strategic alternatives for the Company to maximize current and future shareholder value. The Company is in the process of engaging with an Investment Bank to assist with potential alternatives that include acquisition, merger, reverse merger, sale of assets, licensing and/or royalty transactions. While the Company continues to manage operating expenses and exploring the monetization of its assets, management is also focused on the reduction of debt while maintaining a core profitable business that management can build on in the future.
此外,公司管理層和董事會正在探索戰略選擇,以最大化股東價值。公司正在與一家投資銀行接洽,以協助可能的選擇,包括收購、合併、倒數合併、資產出售、許可和/或版稅交易。雖然公司正在繼續管理運營費用和探索資產的變現,但管理層也專注於降低債務,同時保持核心盈利業務,以便爲未來建立發展的基礎。
Additionally, GBQ Partners LLC ("GBQ") was appointed by the Audit Committee as the Company's independent registered public accounting firm, to audit the Company's consolidated financial statements as of and for the fiscal years ended June 30, 2023 and 2024.
此外,GBQ Partners LLC("GBQ")被審計委員會任命爲公司獨立的註冊會計師事務所,審計截至2023年6月30日和2024年的綜合財務報表。
Upexi has not set a deadline or definitive timetable for the completion of the strategic alternatives review process, and there can be no assurance that this process will result in any transaction or particular outcome. The Company does not intend to comment further unless and until the Board has approved a specific course of action or the Company has otherwise determined that further disclosure is appropriate or necessary.
Upexi沒有爲完成戰略選擇審核程序設定截止日期或明確的時間表,也不能保證此過程將導致任何交易或特定結果。該公司不打算進一步評論,除非董事會已經批准了特定的行動方案或公司已經確定進一步的披露是恰當或必要的。
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.
關於Upexi,Inc.:
Upexi是一個多方面品牌擁有者,在健康、養生、寵物、美容和其他增長市場中擁有成熟的品牌。我們致力於開拓新興高增長行業,推動當前品牌的有機增長。我們專注於直銷和亞馬遜品牌,這些品牌具備可擴展性,並預期呈現高增長趨勢。我們的目標是繼續積累消費者數據,並在我們銷售的所有板塊中建立重要的客戶數據庫。目前數據庫的增長對銷售和利潤的同比增長起到了關鍵作用。爲了進一步的增長,我們已經並將繼續收購能夠快速擴展並通過企業協同效應降低成本的盈利亞馬遜和電子商務企業。
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.
前瞻性聲明:
本新聞稿包含美國1933年證券法第27A條和1934年證券交易法第21E條中定義的"前瞻性聲明"。本新聞稿中的陳述,如果不是純粹的歷史記錄,都是前瞻性聲明,幷包括有關未來信仰、計劃、期望或意圖的任何陳述。由於衆多因素,實際結果可能與任何前瞻性陳述有所 不同。這些因素包括商業策略、潛在收購、收入指導、產品開發、併購公司和人員的整合和協同效應等方面所固有的不確定性。這些前瞻性聲明是根據本新聞稿發佈日期做出的,並且我們假設沒有義務更新前瞻性聲明,或更新原因,因爲實際結果可能與前瞻性聲明中預測的結果有所不同。儘管我們認爲本新聞稿所包含的信仰、計劃、預期和意圖是合理的,但不能保證這些信仰 、計劃、預期或意圖是準確的。投資者應查閱本文所述的所有信息,並參考我們的年度報告10-K和其他定期報告中提供的風險因素披露。
Company Contact
Andrew Norstrud, Chief Financial Officer
Email: andrew.norstrud@upexi.com
Phone: (702) 332-5591
公司聯繫
Marcia Novero
Innodata Inc.
Mnovero@innodata.com
(201) 371-8015
首席財務官Andrew Norstrud
電子郵件:andrew.norstrud@upexi.com
電話:(702)332-5591
Investor Relations Contact
KCSA Strategic Communications
Valter Pinto, Managing Director
Email: Upexi@KCSA.com
Phone: (212) 896-1254
投資者關係聯繫人
KCSA戰略傳播
Valter Pinto, 董事總經理
電子郵件:Upexi@KCSA.com
電話:(212)896-1254
SOURCE: Upexi, Inc.
消息來源:Upexi, Inc.