PARK CITY, UT / ACCESSWIRE / February 28, 2022 / Phoenix Rising Companies (OTCQB:PRCX):
DS Chang, CEO and Chairman of the company is pleased to announce the completion of a definitive MOU to acquire 100% ownership of Emvera Technologies, LLC, based in the greater Atlanta area.
Founded in 2012, Emvera is focused on distributing various lines of aesthetic medical devices, including state-of- the-art lasers and energy-based systems.
The market for aesthetic or "vanity" treatments is growing steadily year over year. According to Grandview Research, the US market size in 2021 was $53.8 Billion USD, with a predicted compound annual growth rate of 15.2% annually through at least 2030.
Emvera's customers include doctors, medical professionals and aesthetic practitioners who
acquire the devices for use in a variety of treatments such as skin resurfacing, skin renewal and hair removal.
Emvera offers attractive financing options for their customers, with industry-leading transferable warranties, trade-in programs and reasonably priced consumables.
Following years of profitable operations, the worldwide pandemic had a negative impact on Emvera's business for the prior two years. However, this has also created opportunities for Emvera, including pending strategic alliances which it has been pursing during the last six months. In addition, sales and activity in the industry are starting to return to pre-pandemic levels.
Emvera's CEO is Eric Fuller, a long-time advisor to Phoenix and its Vice President of U.S. sales, with over 20 years of experience, and well known for his integrity and expertise.
The MOU calls for a host of additional steps, including the issuance of about 46 million common restricted shares of Phoenix and creation of financing for Emvera operations
pursuant to a formal acquisition agreement in the next 90 days.
In addition to this MOU, Phoenix continues to press forward with R&D projects and additional acquisitions, with an eye towards developing Western hemisphere subsidiaries and divisions which hold the promise growth, sustainability and profitability.
Interested parties can learn more about Emvera by visiting www.emvera.com
Additional information will be announced as it becomes available.
For information on Phoenix Rising Companies visit www.phoenix-cos.com
This press release contains forward-looking statements. Known and unknown risks may cause actual future results to vary widely. The statements are based upon Management's and Advisor's current expectations, estimates and projections; are not guarantees of future performance and are subject to certain risks and uncertainties and other factors, some of which are beyond Management's control and are difficult to predict. A reader of this press release should not place undue reliance on forward-looking statements. Investors should understand investing in shares of RSSV involves a high degree of risk and should seek competent investment advice prior to purchasing shares.
SOURCE: Phoenix Rising Companies
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