Easton, PA, July 23, 2024 (GLOBE NEWSWIRE) — Eightco Holdings Inc. (NASDAQ: OCTO) (the Firm or Eightco) in the present day introduced that its wholly-owned subsidiary, Endlessly 8 Fund LLC (Endlessly 8), has reached $100 million in revenues from its refurbished Apple (NASDAQ:) smartphone division since launching in April 2021.
We’re excited to have reached this milestone of $100 million in income from our refurbished Apple smartphone division, stated Paul Vassilakos, CEO of Eightco and President of Endlessly 8. Continued development within the refurbished marketplace for Apple merchandise, mixed with Endlessly 8’s distinctive providing, is driving robust development for our Firm on this sector. We proceed to see vital demand from each our suppliers and prospects. As we proceed to scale our enterprise within the refurbished iPhone market, we’re additionally exploring alternatives to develop into different Apple product classes, positioning Endlessly 8 for even higher success.
Endlessly 8’s cell phone division provides stock for refurbished Apple merchandise, together with iPhones, iPads, AirPods, Apple Watches, and the iPad Pencil in the UK and European Union. Leveraging a proprietary data-driven software, Endlessly 8 effectively manages stock ranges and capital, supporting distributors by optimizing their stock provide chains and advertising and marketing methods.
About Eightco
Eightco (NASDAQ: OCTO) is dedicated to development of its subsidiaries, made up of Endlessly 8 Fund LLC, a list capital and administration platform for e-commerce sellers, and Ferguson Containers, Inc., a supplier of full manufacturing and logistical options for product and packaging wants, by strategic administration and funding. As well as, the Firm is actively searching for new alternatives so as to add to its portfolio of know-how options centered on the e-commerce ecosystem by strategic acquisitions. By way of a mix of revolutionary methods and centered execution, Eightco goals to create vital worth and development for its portfolio firms and stockholders.
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Ahead-Wanting Statements
This press launch incorporates forward-looking statements throughout the which means of the Non-public Securities Litigation Reform Act of 1995. All statements on this press launch aside from statements of historic reality could possibly be deemed ahead wanting. Phrases reminiscent of plans, expects, will, anticipates, proceed, develop, advance, develop believes, steering, goal, could, stay, mission, outlook, intend, estimate, may, ought to, and different phrases and phrases of comparable which means and expression are supposed to determine forward-looking statements, though not all forward-looking statements include such phrases. Ahead-looking statements are based mostly on administration’s present beliefs and assumptions which might be topic to dangers and uncertainties and are usually not ensures of future efficiency. Precise outcomes may differ materially from these contained in any forward-looking assertion on account of numerous components, together with, with out limitation: Eightco’s skill to regain and keep compliance with the Nasdaq’s continued itemizing necessities; surprising prices, costs or bills that cut back Eightco’s capital assets; Eightco’s incapability to lift ample capital to fund its enterprise; Eightco’s incapability to innovate and entice customers for Eightco’s merchandise; future laws and rulemaking negatively impacting digital belongings; and shifting public and governmental positions on digital asset mining exercise. Given these dangers and uncertainties, you’re cautioned to not place undue reliance on such forward-looking statements. For a dialogue of different dangers and uncertainties, and different vital components, any of which may trigger Eightco’s precise outcomes to vary from these contained in forward-looking statements, see Eightco’s filings with the Securities and Trade Fee, together with in its Annual Report on Kind 10-Okay for the fiscal yr ended December 31, 2023, as amended, at www.sec.gov. All data on this press launch is as of the date of the discharge, and Eightco undertakes no obligation to replace this data or to publicly announce the outcomes of any revisions to any of such statements to replicate future occasions or developments, besides as required by legislation.
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