We are a development stage company. We distribute enzyme dietary supplement for human and animal consumption. ProCellax and ProAnilax are brands owned by us and trade mark registered in the United States of America, China, Hong Kong, Macau, Taiwan, Thailand, Malaysia, Singapore and Sri Lanka Target Markets . ProCellax are for human consumption in three categories: Digestive, Immunity and Systemic Health of items available for distribution and export. Manufactured in U.S.A, ProCellax is Halal Certified and are suitable for vegetarians and vegans. They are specifically formulated for our marketing and distribution from enzyme experts who having more than years of experience as true enzyme manufacturers. ProAnilax are for animal consumption covering Digestive, Immunity and Injuries enzyme for dogs and cats, Feed supplement for swine and poultry and Digestive and nutritional value of pelletized feed, silage and other forms of ruminant feed. We have two subsidiaries, Genufood Enzymes S Pte Ltd in Singapore GESPL and Genufood Enzymes Lanka Pvt Ltd in Sri Lanka GELPL . GESPL is active. In September after clearance from Health Science Authority of Singapore, we started to create market awareness to introduce ProCellax to the consumers in Singapore through roadshows and participation in exhibitions. We distribute digestive enzyme ProCellax DG in sachet FREE for the consumers to try. About , sachets were distributed between December to September thereafter we launch a GEEC Enzyme Club Membership drive program, a lucky draw campaign SGD , For You . During the campaign, we succeeded to secure members. As of October , , we have , Members on our record and expected to grow. To service our GEEC Enzyme Club Members and the consumers better, we launch the GEEC Retail Chain Store plan thus in July we established the first retail store at Suntec City Mall. On May , , GESPL entered into a Consignment Agreement with Nature s Farm Pte Ltd to display and sale of ProCellax products at six stores / locations throughout Singapore. In September , GESPL leased a pushcart store at The Star Vista. To date GEPSL has a total of eight stores in Singapore for retailing ProCellax products. Our business plan is to have ten retail stores in Singapore in order for us to compete. At present, we are developing and improving GESPL s website for e Commerce to cater for Singapore market electronically. We also sell ProCellax to medical clinics in Singapore. We aim for greater sales by employing suitable sales personnel for marketing and extending credit terms to these clinics. On June , Agri Food amp Veterinary Authority of Singapore has advised no objection for the importation of ProAnilax into Singapore for distribution, but importation has not started. The current kg bulk pack packaging is not suitable for the Singapore market due to size and demand. Therefore, we plan to re pack it into smaller packaging sizes in Sri Lanka to meet the needs of pet owners and livestock and poultry farmers in the target markets. From our GESPL s operations, we have recorded improving revenue of , from our GESPL operations for fiscal year ended September , to , for fiscal period nine months ended June , . Prospect for sales will be better when the ASEAN Vision implements the harmonised Regulatory Framework on Traditional Medicines and Health Supplements in year . We have an advantage too for being Halal Certified on ProCellax products. From December , . GETCL as been incorporated in Bangkok Thailand. The main objective is to re pack our range of ProCellax in Thailand. Thus is to reduce our product cost. And, lower our retail prices to make it more affordable to the general public. To date, GEEC Group has employees.
Quote | Genufood Energy Enzymes Corp (OTCMKTS:GFOO)
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Volume: | 4,500 |
Last Trade Date Time: | 03/28/2024 03:00:00 am |
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