Namaste Ranked as #1 E-Commerce Vaporizer Portal Globally
– Momentum Public Relations –
Press Release: June 28, 2016
Namaste Technologies Inc. (“Namaste” or the “Company”) (CSE:N)(OTC PINK:NXTTF)(FRANKFURT:M5BQ), a leading international vaporizers and accessories e-commerce company based on customer trustworthiness and service quality, reports on recent positive developments relating to its e-commerce and manufacturing divisions. The following are the unique strategic attributes of the Company:
- An international leader in the e-commerce sale of vaporizers and accessories with sales in over 20 countries. Namaste is the only publicly listed Canadian vaporizer investment opportunity focused on addressing medical and recreational herb consumers;
- Current revenue run rate of approximately US$2.4 million and experiencing organic revenue growth in current sales of 6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} monthly (100{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} annual). After the previously announced acquisition of VaporSeller, Namaste will expand run rate revenue from US$2.4 million to US$5.8 million and seeks to increase sales by the same organic growth rate of 6{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} monthly, while generating breakeven to positive cash flows; and
- Combining an excellent array of management skillsets with expertise in e-commerce, product development and engineering and corporate finance.
Under the leadership of Sean Dollinger, an e-commerce expert and President and CEO of Namaste, the Company has had its ranking as the number one ranked e-commerce portal for the sale of vaporizers and accessories re-confirmed by Trustpilot. Namaste has maintained its 9.8 out of a maximum possible score of 10. This score independently ranks Namaste’s e-commerce customer trustworthiness and service quality as the highest ranking in the world for vaporizer distributors. This score also places Namaste in the top 0.2{92d3d6fd85a76c012ea375328005e518e768e12ace6b1722b71965c2a02ea7ce} of the world’s e-commerce sites for trustworthiness and service. Trustpilot is an independent rating company that reports customer experiences with e-commerce companies.
Further to the Company’s press release on May 30, 2016 and under the direction of Kory Zelickson, an experienced electrical engineer and Chief Operating Officer of Namaste, the Grizzly Guru, a handheld portable vaporizer that provides a seamless solution for vaporizing dry herbs, concentrates and liquids, has been gaining significant sales momentum in the first month of commercial availability. This is the first product designed and manufactured by Namaste. The Company has now sold over 300 units through retail and wholesale channels and continues to increase production rates in order to meet demand. Based on market feedback, the Company anticipates continued success in terms of expanding sales of these high margin products and will continue pursue other unique product concepts for commercialization. The Grizzly Guru can be purchased at www.grizzlyoriginals.com.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has over 30 e-commerce retail stores in 20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Learn more by clicking here: www.namastetechnologies.com