KollagenX Corp (OTCMKTS:KGNX) disclosed that it extended distribution of its products with iprettyface.com. The unit has been working on the company’s new 24k Nano Gold range using an extensive home shopping network via Taiwan. The company said that on-air showing will probably start in the next few months.
KollagenX stated that will introduce 24K Nano Gold entire product range at The Premier Day Spa Show. The retailers can also place order for collection. The event marks an ideal time to showcase the product and present an overview of entire range set to be added in product portfolio. The show is scheduled for three days starting from May 30 to June 1, 2015. It is mega-event that is expected to have over 170 professional classes. KollagenX is not participating in the show for first time; instead it is fifth time when the company will demonstrate its product range in mega show.
In unrelated news KollagenX revealed that it opened a corporate office in Chino Hills with an objective to get more client visits. It will help the company to work on retail sale orders. The bulk orders will be managed by previous locations and offices.
Approval for product range
KollagenX acquired approval for its latest range of 24KT Nano Gold products from the ‘Ministry of Health’, Kuwait. The company revealed that it took almost half a year to file the necessary documentation and obtain the approval. The nod from Health Ministry allows it to import products to Kuwait. After the approval news, the company is busy answering the queries of distributors regarding the new product line. The distribution is expected to start in next six months.
In last trading session, the stock price of KGNX declined more than 26% to close the trading session at $0.255. The decline came at a share volume of 395,720 compared to average share volume of 92,453.