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BRIEF-Bubs Australia Enters Agreement With New Times Asia

Published 04/06/2018, 09:37 am
Updated 04/06/2018, 09:40 am
© Reuters.  BRIEF-Bubs Australia Enters Agreement With New Times Asia
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June 4 (Reuters) - Bubs Australia Ltd BUB.AX :

* LONG-TERM SUPPLY AGREEMENT WITH NEW TIMES ASIA, TO SUPPLY BUBSÒ AND CAPRILACÒ PRODUCTS TO UP TO 20 E-COMMERCE PLATFORMS

* ENTERED AGREEMENT WITH NEW TIMES ASIA WITH A TOTAL SALES COMMITMENT FOR PURCHASE ORDERS VALUED AT $17 MILLION IN FY19

* TOTAL SALES COMMITMENT FOR PURCHASE ORDERS TO INCREASE TO $24 MILLION IN FY20, AND $37 MILLION IN FY21

* $17 MILLION SALES COMMITMENT FOR FY19 REPRESENTS AT LEAST 100% INCREASE TO TOTAL BUSINESS SALES REVENUE

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