RE: Old Info ?19 Aug 2021 18:26
, 29th Jul 2021 07:00
RNS Number : 8312G
Zoetic International PLC
29 July 2021
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF REGULATION 11 OF THE MARKET ABUSE (AMENDMENT) (EU EXIT) REGULATIONS 2019/310
29 July 2021
Zoetic International plc
('ZOE', the 'Company' or the 'Group')
Business Update
'Combination of Chill.com and the secured distribution network,
places the Group in a strong position for building a leading global CPG brand'
Zoetic (LON:ZOE) (OTCQX:ZOEIF), the international CBD group, is pleased to provide the following update on its operations.
Overview
? Game-changing domain acquisition of Chill.com
? Asset among the most transformative domain acquisitions of 2021
? Unlocks intrinsic and intangible asset value of the Chill.com brand
? Marquee domain purchase expands online sales and marketing opportunities
? Transformative rebranding initiative underway
? Intention to change Zoetic International plc to Chill Brands Group plc and Chill renamed to CHILL.COM
? Intention to change stock ticker to CHLL to emphasise focus on building Chill.com-branded consumer-packaged goods (CPG) and CBD products
? Receipt of US Trademark and Patent office official trademark certification of Chill.com logo to complement existing European trademarks
? Marquee domain purchase expands online sales and marketing opportunities
? U.S. market development advances
? Chill products stocked in approximately 2,500 multi-state retail outlets
? Cadence and schedule of previously announced 3,500-store rollout modified in collaboration with major US partner
? Ongoing Florida-based rollout used to assess and maximise effectiveness of regional sales and promotional efforts
? In active negotiations with major US online affiliate retailers
? Chill.com-branded tobacco alternatives announced as finalist for National Association of Convenience Store, Retailer Choice Best New Product Contest alongside brands from major corporations in category
? Domestic headquarters in Colorado now located within public/private partnership business park development for innovation companies
? New products enter international market
? Online launch of Chill CBD in the UK
? New Zoetic anti-ageing skincare products shortlisted for cosmetics awards
? Pursuing a new and potentially transformative future Chill.com product line with international partner
? Management receives continual interest in licensing, acquisition and partnership opportunities
? Actively exploring value-accretive joint venture opportunities in Europe
? Board and Management appointments planned
? US convenience store veteran and partner in Zoetic's Master Distributor, Eric Schrader to be appointed to the Zoetic International plc Board as a Non-Executive Director as at 1 August 2021
? In active discussions with potential candidates for appointmen