News and Announcements
Connexion Secures First Retail Sales for Flex
- Published July 03, 2015 3:46PM UTC
- Publisher Wholesale Investor
- Categories Company Updates
- Connexion expands availability of Flex to the Australian retail market
- Negotiations underway to make Flex available in retail stores nationwide
- Expansion to the International retail market to follow
- $44k retail sales already generated in June
Connexion Media Limited (ASX:CXZ) is expanding availability of its proprietary Flex integrated vehicle management system to the retail market, and has secured its first retail sales in Australia.
The interest from relevant retailers has provided Connexion with a new and exciting market to sell the Flex product.
Initial revenues of $44k have been generated in June, with further retail sales anticipated to grow as the pipeline of retailers expands.
Connexion is actively in discussions with local and international partners which will increase the penetration of the Flex product. More importantly, the new retail market opportunity will provide Connexion with a potentially large and lucrative ongoing revenue stream.
“Identifying a new market opportunity is always exciting. Generating first sales in such a short timeframe is hugely encouraging for us,” said George Parthimos, CEO of Connexion.
“We continue to aggressively explore new market opportunities both locally and abroad, leveraging from our long-standing relationships with some of the largest multinationals in the world.”
Connexion is also in discussions with some global companies in pursuit of its major objective of building international sales of the Flex product.
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