Listing of OPKO Health-Branded Personal Health
& Wellness Products Including the First-of-Their-Kind
Veterinary Care Products in China,
Expected in the First Quarter of 2025, Dramatically Expanding the
Company's Ongoing e-Commerce Program
COCONUT
GROVE, Fla., Dec. 10,
2024 /PRNewswire/ -- NextPlat Corp (NASDAQ: NXPL,
NXPLW) ("NextPlat" or the "Company"), a global e-Commerce provider,
today announced a significant expansion of its e-Commerce
development program in China
having received vendor approval from JD.com, the world's second
largest e-Commerce market, and the largest self-operated e-Commerce
retailer in China (Source:
Statista), for the listing and sales of OPKO Health Europe ("OPKO")
branded health & wellness and veterinary care products.
JD.com, serving over 560 million active annual users and
generating more than $160 billion in
annual revenue (Source: Statista), provides NextPlat access to an
established e-Commerce platform to reach a wide and diverse
consumer base in China. JD.com
offers a unique opportunity for brands like OPKO to connect
directly with health-conscious consumers in a country where demand
for premium healthcare and nutraceutical products is rapidly
increasing.
Under its recently extended and expanded exclusive joint
e-Commerce development agreement with OPKO Health Europe, a
subsidiary of OPKO Health, Inc. (NASDAQ: OPK), the Company expects
to begin listing a range of OPKO human health products on JD.com
during the first quarter of 2025. These products include an
assortment of nutraceuticals for bone and joint health as well as
supplements for nutrition and immunity and defense. Subject to
receipt of final country-wide Chinese regulatory clearance expected
in the first quarter of 2025, NextPlat intends to significantly
expand the OPKO online offerings to include a wide array of
veterinary and animal health products with several
first-of-their-kind products available in the Chinese pet care
market. The launch comes at a time of exceptional growth in the
nutraceuticals market in China,
which is projected to reach $100
billion by 2025 (Source: Research and Markets), fueled by
rising consumer awareness of health and wellness. Increasing
disposable incomes and a rapidly aging population have further
accelerated the demand for dietary supplements, vitamins, and
functional foods.
"Our approval to list products on JD.com is an exciting and
major expansion of our current e-Commerce activity in China, enabling us to now reach nearly 1
billion online consumers each day through multiple platforms. We
continue to see increasing daily demand for OPKO products already
available in-country and are looking forward to building upon the
momentum in our online marketing and sales efforts in China with product listings on JD.com, and to
driving significant new product sales throughout 2025," said
David Phipps, President of NextPlat
and CEO of Global Operations.
Earlier this year following delivery of initial product
inventory, the Company began conducting both online and offline
marketing and sales programs across China on behalf of OPKO. NextPlat recently
took part in the 2024 China International Natural Health &
Nutrition Expo(NHNE), Asia's
largest health and nutrition tradeshow attended by over 120,000
industry participants. Early feedback from NHNE attendees has been
positive and the Company is now in early discussions with multiple
parties interested in the potential distribution, sale, and
marketing of OPKO products.
NextPlat's e-Commerce development program, held in coordination
with local Florida chambers of
commerce, initially aims to help Florida-based businesses and manufacturers
market and sell their products to potentially millions of new
customers. The development program features NextPlat's turnkey
global e-Commerce solution and leverages the capabilities and reach
of key partners including Alibaba and its Tmall Global platform,
and additional in-country marketing and distribution specialists
who support cross-border solutions enabling global brands to reach
Chinese consumers.
For more information about NextPlat, please visit
www.NextPlat.com and connect with us on Facebook, LinkedIn, and
X.
About NextPlat Corp
NextPlat is a global e-Commerce
platform company created to capitalize on multiple high-growth
sectors and markets including technology and healthcare. Through
acquisitions, joint ventures and collaborations, the Company
intends to assist businesses in selling their goods online,
domestically, and internationally, allowing customers and partners
to optimize their e-Commerce presence and revenue. NextPlat
currently operates an e-Commerce communications division offering
voice, data, tracking, and IoT products and services worldwide as
well as pharmacy and healthcare data management services in
the United States through its
subsidiary, Progressive Care LLC.
Forward-Looking Statements
Certain statements in this
release constitute forward-looking statements. These statements
include the capabilities and success of the Company's business and
any of its products, services or solutions. The words "believe,"
"forecast," "project," "intend," "expect," "plan," "should,"
"would," and similar expressions and all statements, which are not
historical facts, are intended to identify forward-looking
statements. These forward-looking statements involve and are
subject to known and unknown risks, uncertainties and other
factors, including the Company's ability to launch additional
e-commerce platforms, sell healthcare products in China, and its ability to grow and expand as
intended, any of which could cause the Company to not achieve some
or all of its goals or the Company's previously reported actual
results, performance (finance or operating), including those
expressed or implied by such forward-looking statements. 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 (the "SEC"), copies of which may be obtained from the
SEC's website at www.sec.gov. The Company assumes no, and hereby
disclaims any, obligation to update the forward-looking statements
contained in this press release.
Media and Investor Contact for NextPlat Corp:
Michael Glickman
MWGCO, Inc.
917-397-2272
mike@mwgco.net
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SOURCE NextPlat Corp.