Southern Home Medical, Inc. (OTCMKTS:SHOM) has finalized a deal with Coca-Cola East Japan, the prime deliverer and manufacture of Coca-Cola brand, and southern Tohoku regions. Following the testing deal, Coca-Cola East Japan has given an order for vital monitoring wearable systems amounting to 3,000.
With CCEJ delivering and selling more than 50 of the most renowned beverage brands, the vital monitoring wearable mechanism will further improve yearly sales volume in Japan by restricting the number of collisions and traffic accidents CCEJ delivery drivers record. The system offers real time health data on drivers’ health and assists optimize CCEJ’s operations with healthier drivers.
The management speaks
George Chang, the CEO of Southern Home Medical, reported that as the pioneer in Japan’s beverage market, CCEJ is a firm that constantly modernizes and challenges itself. With this promising business association, both firms can create a healthier and refreshing environment, simultaneously determined to generate value for employees, partners, shareholders and customers. Since their business association combines similar business objective, they are confident on the financial prospects for investors under both firms.
In unrelated news, the company reported that its subsidiary unit KC Holdings, Inc. has obtained nod from TB Group, Inc. for a $180 million firm credit line. This credit line is to be utilized for general corporate objectives, including capital expenses associated with advancing its VMWS and other health monitoring offerings.
TB Group is providing this new firm credit line to enable KC to make impactful developments in vital monitoring wearable systems and health monitoring services. It will enable the firm to get new contracts, cover general operating costs and attend conferences essential to opening the international markets for KC and Southern Home health monitoring services and products.
The CEO Chang said that the credit line will offer strong capital support for their current projects and firm expenses. With an extended business capital, the firm will get more space in pursuing economic growth. With their combined resources and efforts, they can only anticipate both firms to continue growing in a promising association that is mutually beneficial.