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Toughbuilt Launches 64 Products With Canadian Based Rona

TOUGHBUILT™ LAUNCHES 64 PRODUCTS WITH CANADIAN BASED RONA LAKE FOREST, Calif, Aug. 25, 2020 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW)))), an advanced product

Benzinga · 08/25/2020 13:19

TOUGHBUILT™ LAUNCHES 64 PRODUCTS WITH CANADIAN BASED RONA

LAKE FOREST, Calif, Aug. 25, 2020 (GLOBE NEWSWIRE) -- ToughBuilt Industries, Inc. ("ToughBuilt") (NASDAQ:TBLT, TBLTW))))), an advanced product design, manufacture and international distributor with emphasis on innovative products currently focused on tools and other accessories for the professional and do-it-yourself construction industries, today announced their products have been accepted for immediate placement on www.rona.ca.
 

Rona.ca will carry 64 SKU's of ToughBuilt products, including but not limited to Cliptech tool belts, bags and totes, knee pads, sawhorses, and Miter Saw Stands. Rona Canadian customers will now have the option to purchase ToughBuilt products while they shop online at www.rona.ca.

Michael Panosian, Chief Executive Officer of ToughBuilt, commented, "We are pleased to announce this new cooperation with Rona and look forward to adding more new items in fourth quarter. Rona's great distribution throughout Canada allows us to expand our brand awareness and increase our market share in this growing market. We also believe and look forward to a significant growth in both professional and DIY business in Canada within the second quarter and beyond."

www.rona.ca is the online arm of Rona, Inc.

Created in 1939, RONA is a banner of Lowe's Canada, one of Canada's leading home improvement companies with head office located in Boucherville, Quebec. Spanning the entire country, RONA's vast network of more than 375 stores includes both corporate stores and independent affiliated dealers. Known for its large in-store and online product selection as well as for its installation services, RONA also provides expert support and advice to its retail and pro customers for their building and renovation projects.

ABOUT TOUGHBUILT INDUSTRIES, INC.:

ToughBuilt is an advanced product design, manufacturer and distributor with emphasis on innovative products. Currently focused on tools and other accessories for the professional and do-it-yourself construction industries. 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) delays in bringing products to key markets, (iii) an inability to secure regulatory approvals for the ability to sell our products in certain markets, (iv) intense competition in the 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) our efforts to successfully obtain and maintain intellectual property protection covering our products, which may not be successful, (ix) our reliance on single suppliers for certain product components, (x) 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 (xi) 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.

Investor Relations Contact:

Andrew J. Barwicki

Investor Relations:516-662-9461

Andrew@barwicki.com

 

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