ToughBuilt to Exhibit at Expo Nacional Ferretera September 5th through September 7th
LAKE FOREST, Calif., Sept. 04, 2019 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. (“ToughBuilt”) (NASDAQ: TBLT; TBLTW), a leading designer, manufacturer and distributor of innovative tools and accessories for the building industry, today announced it will be exhibiting at the Expo Nacional Ferretera in Guadalajara Mexico from September 5 to September 7, 2019. The Expo is held at Expo Guadalajara, Av Mariano Otero 1499 Verde Valle, 44550 Guadalajara, Jal., Mexico
Michael Panosian, Chief Executive Officer of ToughBuilt, commented, “As we continue our global expansion, I am proud to bring our products to Latin America and to meet our existing and new supporters in this part of the world. Mexico and Latin America represent an important growing market for us. Both professionals and the do it yourselfers will benefit from our current and future lines under development. We will begin by distributing our current lines such as sawhorses, tool belts, kneepads, soft goods and other new product releases next year. By exhibiting at this auspicious show, we look forward to making direct contact with the largest retailers and distributors from numerus countries in the region.”
Expo Nacional Ferretera is an important bridge that serves as a business generator for the Latin American market; therefore, it is thought to be internationally recognized as the most important event in the industry in Latin America. It is one of the most successful trade shows in Latin America, and for more than 31 years, it has been a significant factor in the growth and development of the hardware, construction and industry markets. Every year, Expo Nacional Ferretera gathers thousands of exhibitors distributed in approximately 1,800 booths with an anticipated 70,000 professional buyers in a 50,000 sq. m show floor, thus providing a highly sought after show platform due to the ability to reach thousands of buyers in one location.
About ToughBuilt Industries, Inc.
ToughBuilt is a groundbreaking designer, manufacturer and distributor of innovative tools and accessories to the building industry. We market and distribute various home improvement and construction product lines for both the do-it-yourself and professional markets under the TOUGHBUILT® brand name, within the global multibillion dollar per year tool market industry. All of our products are designed by our in-house design team. Since launching product sales in 2013, we have experienced significant annual sales growth. Our current product line includes three major categories, with several additional categories in various stages of development, consisting of Soft Goods & Kneepads and Sawhorses & Work Products. Our mission is to provide products to the building and home improvement communities that are innovative, of superior quality derived in part from enlightened creativity for our end users while enhancing performance, improving well-being and building high brand loyalty. Additional information about the Company is available at: https://www.toughbuilt.com/.
Forward-Looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) market acceptance of our existing and new products, (ii) negative clinical trial results or lengthy product delays in key markets, (iii) an inability to secure regulatory approvals for the sale of our products, (iv) intense competition in the medical device industry from much larger, multinational companies, (v) product liability claims, (vi) product malfunctions, (vii) our limited manufacturing capabilities and reliance on subcontractors for assistance, (viii) insufficient or inadequate reimbursement by governmental and other third party payers for our products, (ix) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (x) legislative or regulatory reform of the healthcare system in both the U.S. and foreign jurisdictions, (xi) our reliance on single suppliers for certain product components, (xii) the fact that we will need to raise additional capital to meet our business requirements in the future and that such capital raising may be costly, dilutive or difficult to obtain and (xiii) the fact that we conduct business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, burdens and costs of compliance with foreign laws and political and economic instability in each jurisdiction. More detailed information about the Company and the risk factors that may affect the realization of forward looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
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Released September 4, 2019