Home Retail ToughBuilt Industries Expands Retail Network in the United Kingdom

ToughBuilt Industries Expands Retail Network in the United Kingdom

by Ozva Admin

IRVINE, Calif., September 29, 2022 (GLOBE NEWSWIRE) — Today, ToughBuilt Industries, Inc. (“Tough Construction”) (NASDAQ: TBLT; TBLTW) — today announced major expansions to its storefront network in Britainconfirming extensive new and expanding agreements with huws gray, Selco Builders WarehouseMKM, City Electrical Factors and Carpet & Flooring, increasing the company’s presence in the online marketplace at Britain and representing more than 900 collective points of sale throughout the country.

huws gray is the UK’s largest independent builders trader. Supplying materials to DIY and professional end-users, it operates over 300 storefronts trading under various brand names, including huws grayconstruction base, the wood groupCivils & Lintels, and Frontline.

In addition, ToughBuilt welcomes Selco Builder’s Warehouse, the UK’s fastest growing construction dealer, distributing to building professionals across the country with a network of over 73 outlets reaching 100 locations by the end of 2026. In addition to MKM, a building, lumber, and plumbing supply provider with over 90 locations throughout England, ScotlandY Welshand Carpet & Flooring, one of Britain’s largest flooring retailers and an award winner Contract Flats Diary distributor of the year 3 years in a row.

ToughBuilt is also pleased to work with City Electrical Factors (CEF), the UK’s leading electrical wholesale network. Starting with a single store in coventry by 1951, CEF has grown to over 400 locations across the country.

CEO of ToughBuilt Michael Panosian stated, “ToughBuilt is growing rapidly in the United Kingdomand we are pleased to expand our distribution network to nearly 900 storefronts across Britain. We are confident that this increased presence in the country will continue to increase our substantial market share and promote continued awareness of our brand’s commitment to premium quality products.”

ToughBuilt is a designer, manufacturer and distributor of advanced products with an emphasis on innovative products. Currently, we are focused on tools and other accessories for the DIY and professional construction industry. We market and distribute several lines of construction and home improvement products for the DIY and professional markets under the TOUGHBUILT brand name, within the multi-billion dollar per year global hardware 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 main categories, with several additional categories in various stages of development, consisting of soft goods and knee pads and easels and work products. Our mission is to provide the building and home improvement communities with products that are innovative, superior quality derived in part from enlightened creativity for our end users, while improving performance, enhancing wellness, and creating high customer loyalty. the brand. Additional information about the Company is available at: https://www.toughbuilt.com/.

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”. “. ”, “hope”, “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 control of the Company and cannot be predicted or quantified, and accordingly, actual results may differ. materially from those expressed or implied in such forward-looking statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties associated with (i) the impact of the global COVID-19 pandemic and government actions on our business, (ii) supply chain disruptions, (iii) acceptance into the market for our new products, (iv) delays in bringing products to key markets, (v) inability to obtain regulatory approvals for the ability to sell our products in certain markets, (vi) intense competition in the industry from multinational companies much more (v) product liability claims, (vii) product malfunctions, (viii) our limited manufacturing capabilities and reliance on subcontractors for support, (ix) our efforts to successfully obtain and maintain the protection of the intellectual property that covers our products, which may not be successful, ( x) our dependence on sole suppliers for certain components of the product product, (xi) the fact that we will need to raise additional capital to meet the requirements of our business in the future and that such tax collection capi may be costly, dilutive or difficult to obtain and (xii) the fact that we perform doing business in multiple foreign jurisdictions, exposing us to foreign currency exchange rate fluctuations, logistical and communications challenges, charges and costs of compliance with foreign laws and policies. and economic instability in each jurisdiction. In the documents presented by the Company before the National Stock Market 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 website at http://www.sec.gov. The Company undertakes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

Investor Relations Contact:
KCSA Strategic Communications
David Hanover
[email protected]

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