Epslon, the candidate for merger into Ziron, announced that Excellence Investment House has begun to have an interest in the company with a holding of about 5.11%. About a week ago, the company announced that all the conditions precedent for the completion of the merger transaction have been met, and that the parties are working to complete it in the coming days.
Epslon is engaged in setting up, locating and purchasing virtual stores that operate on the Amazon.com website, their day-to-day operation and improvement, all using knowledge and technological tools developed by Epslon.
About a month ago, the company entered into an agreement to purchase a virtual store (user account) on the Amazon.com website, which markets a private label in the category of household and kitchen utensils in the US, Mexico and Canada for $ 617,000. , As part of which Epslon is engaged in the establishment, locating and purchase of virtual stores that operate on the Amazon.com website, their day-to-day operation and improvement, all using knowledge and technological tools developed by Epslon.
The virtual store, which began operating in June 2019, has been engaged, since its inception, in the marketing and sale of products from the household and kitchenware category under a private label. During the first nine months of 2020, the virtual store performed purchase operations totaling approximately $ 416,000, with a profitability rate during this period of approximately 30%. Epslon intends to work to improve the virtual stores using the knowledge and technological tools it owns and while expanding its operations to other geographical areas of activity in Europe.
In June, Epslon acquired the first virtual store on Amazon for about $ 705,000, with this store being the second to join the company’s portfolio of stores.
Mutual funds holding the stock