Ambari Signs Agreement with FabFitFun
Vancouver, British Columbia--(Newsfile Corp. - January 31, 2023) - Ambari Brands Inc. (CSE: AMB) (OTCQB: AMBBF) (FSE: Y92) ("Ambari" or the "Company") is pleased to announce that it has entered into an agreement with FabFitFun, one of the largest subscription boxes in the USA.
FabFitFun delivers on a seasonal basis subscription boxes containing the best in makeup, skincare, fashion, wellness, home decor, and more. FabFitFun has a large subscriber base, with over one million subscribers, and generated revenues of approximately US$600M in 20211 from its subscription boxes. Additionally, FabFitFun has launched FabFitFunTV, a streaming video service that offers on-demand wellness content.
Pursuant to its agreement with Ambari, FabFitFun will distribute Ambari products to its broad base of users.
Nisha Grewal, CEO of Ambari, stated: "We are very excited to have signed a formal agreement with FabFitFun, which is one of America's most prominent subscription box companies with over one million subscribers and growing. This allows Ambari to be introduced to an extensive amount of people, who will, we hope, eventually convert into long term users of our premium products."
About Ambari Brands Inc.
Ambari Brands is a consumer-packaged goods company focused on developing consumer products, co-packing and manufacturing. To learn more about Ambari visit www.ambaribrands.com and www.ambaribeauty.com.
On Behalf of the Board of Directors
CEO, Corporate Secretary and Director
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Cautionary Note on Forward-Looking Information
This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as "believe," "project," "aim," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," and similar expressions and in this news release include statements respecting: its products being included in the FabFitFun boxes, the number of consumers that will be exposed to Ambari's products, and the conversion of FabFitFun users into long term users of Ambari products. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws.
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
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