Eightco Announces Product Expansion in Forever 8’s Apple Products Business
17 Aprile 2024 - 3:00PM
Eightco Holdings Inc. (NASDAQ: OCTO) (the “Company” or “Eightco”),
today announced that its subsidiary, Forever 8 Fund LLC (“Forever
8”), is expanding the products for which it will provide inventory
capital. In addition to operating in the broader e-Commerce market,
Forever 8 is already a significant player in the refurbished
smartphone market, providing inventory capital for sellers in the
space, largely focused on the Apple iPhone. Due to customer demand,
Forever 8 is now expanding its product offering into other
refurbished Apple products including iPads, AirPods, the Apple
Watch and the iPad Pencil.
Paul Vassilakos, CEO of Eightco and President of
Forever 8 said, “Our offering in the refurbished market for Apple
products continues to grow. Given the high pricetag for brand new
Apple products, the demand for refurbished products is strong. This
is combined with the inflationary pressure on the cost of living.
Further, the increasing appetite for products in the circular
economy, helping to reduce environmental waste, is a continued
driver of this market. We are excited to be a contributor and will
continue to focus on expanding our offering in this sector as we
see ample room for growth.”
About Eightco
Eightco (NASDAQ: OCTO) is committed to growth of
its subsidiaries, made up of Forever 8, an inventory capital and
management platform for e-commerce sellers, and Ferguson
Containers, Inc., a provider of complete manufacturing and
logistical solutions for product and packaging needs, through
strategic management and investment. In addition, the Company is
actively seeking new opportunities to add to its portfolio of
technology solutions focused on the e-commerce ecosystem through
strategic acquisitions. Through a combination of innovative
strategies and focused execution, Eightco aims to create
significant value and growth for its portfolio companies and
stockholders.
For additional information, please
visit www.8co.holdings
Forward-Looking Statements
This press release contains forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995. All statements in this press release other than
statements of historical fact could be deemed forward looking.
Words such as “plans,” “expects,” “will,” “anticipates,”
“continue,” “expand,” “advance,” “develop” “believes,” “guidance,”
“target,” “may,” “remain,” “project,” “outlook,” “intend,”
“estimate,” “could,” “should,” and other words and terms of similar
meaning and expression are intended to identify forward-looking
statements, although not all forward-looking statements contain
such terms. Forward-looking statements are based on management’s
current beliefs and assumptions that are subject to risks and
uncertainties and are not guarantees of future performance. Actual
results could differ materially from those contained in any
forward-looking statement as a result of various factors,
including, without limitation: Eightco’s ability to regain and
maintain compliance with the Nasdaq’s continued listing
requirements; unexpected costs, charges or expenses that reduce
Eightco’s capital resources; Eightco’s inability to raise adequate
capital to fund its business; Eightco’s inability to innovate and
attract users for Eightco’s products; future legislation and
rulemaking negatively impacting digital assets; and shifting public
and governmental positions on digital asset mining activity. Given
these risks and uncertainties, you are cautioned not to place undue
reliance on such forward-looking statements. For a discussion of
other risks and uncertainties, and other important factors, any of
which could cause Eightco’s actual results to differ from those
contained in forward-looking statements, see Eightco’s filings with
the Securities and Exchange Commission (the “SEC”), including in
its Annual Report on Form 10-K filed with the SEC on April 1, 2024.
All information in this press release is as of the date of the
release, and Eightco undertakes no duty to update this information
or to publicly announce the results of any revisions to any of such
statements to reflect future events or developments, except as
required by law.
For further information, please
contact:Investor Relationsinvestors@8co.holdings
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