Axia Group (PINKSHEETS:AGIJ) Collagenna Skin Care Makes Merger Offer
July 18, 2012 11:55 ET
Axia Group (PINKSHEETS:AGIJ) Collagenna Skin Care Makes Merger Offer
OTTAWA, ONTARIO--(Marketwire - July 18, 2012) - Axia Group (PINKSHEETS:AGIJ),([ http://www.axiagroup.com/ ]) Collagenna Skin Care Products/Melem Secret has made an offer to merge with an existing Vitamin E-Commerce Super Store. [ www.vitamins2buy.com ]
Michael Arnkvarn, AGIJ CEO states 'We have been talking for a while with the owner of this US based drop ship site which focuses mainly on brand name vitamins. There are over 1200 products available on the site and it has an active customer list which we have tested and gotten good response. This company was started in 2004 and was very successful but had lost much of its momentum over the past 2 years for a variety of reasons. We have the expertise and resources to optimize our internet rankings. We will also develop our own Melem Secret brand which will allow us to improve gross margins and make this a profitable venture. The transaction should be completed in the next few days and it is an all cash deal without any stock being involved. We have been discussing over the past few months with a variety of similar E-Commerce sites and it is not uncommon to see sales of over $ 1 million in this field. This transaction can prove to be quite important as part of our strategy to increase our US presence and increase revenues.'
Collagenna Skin Care Products specializes in Anti-aging products with an emphasis on Collagen stimulation both topically and internally. The company sells its products mainly through specialized skin care clinics through its every expanding network of distribution partners.
More details and updates will be provided shortly and on a timely basis.
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