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ToughBuilt Says US And Canadian Storefronts Had Sales Of $0.7M In Dec. , Up 55% QoQ

LAKE FOREST, California, Jan. 09, 2020 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW)))), is an advanced product design, manufacturer and distributor with emphasis on

Benzinga · 01/09/2020 14:17

LAKE FOREST, California, Jan. 09, 2020 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW)))), is an advanced product design, manufacturer and distributor with emphasis on innovative products, which is currently focused on tools and other accessories for the professional and do-it-yourself construction industries. Today, it announced that its U.S. and Canadian Amazon storefronts had sales of $0.7 million for the month of December 2019, an increase of $0.25 million, or a 55% increase in sales over the $0.45 million reported for November 2019 (at which pace, the Company will exceed the $5.4 million run rate announced based upon November 2019 sales).

Michael Panosian, Chief Executive Officer of ToughBuilt, commented, "We projected $550,000 in sales for the month of December through our North American Amazon storefronts and exceeded that by about 25%. Having gained the necessary experience in charting Amazon waters, we are doubling our efforts and investments to grow more aggressively with current lines and new product launches for years to come."