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Luvu Brands Inc (OTCMKTS: LUVU) Heats Up

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Luvu Brands Inc (OTCMKTS: LUVU) is moving up the charts after the Atlanta, Georgia based Company which owns a 140,000 square foot vertically-integrated manufacturing facility announced it is rebooting its operations to help combat the critical shortage of personal protective masks that faces hospitals, health care workers and consumers.  Louis Friedman, the company’s founder and Chief Executive Officer, hopes the Company can produce 100,000 masks weekly. “

Covid stocks are hot and LUVU is emerging as a play in PPE. According to an April 3 update the Company said it has received an order for 35,000 reusable isolation gowns from an Atlanta-based health system. The company also continues to receive orders for medical face masks with the largest order to-date being 5,000 masks for a seven-state hospital network.

Luvu Brands Inc (OTCMKTS: LUVU) designs, manufactures and markets a portfolio of consumer lifestyle brands through the Company’s websites, online mass / drug merchants and specialty retail stores worldwide.

LUVU Brands include: Liberator®, a brand category of iconic products for enhancing sensuality and intimacy; Avana®, inclined bed therapy products, assistive in relieving medical conditions associated with acid reflux, surgery recovery and chronic pain; and Jaxx®, a diverse range of casual fashion daybeds, sofas and beanbags made from virgin and re-purposed polyurethane foam. Many of its products are offered flat-packed and vacuum compressed to save on shipping and reduce our carbon footprint.

The Company is headquartered in Atlanta, Georgia in a 140,000 square foot vertically-integrated manufacturing facility that employs over 165 people. Creating innovative consumer brands are core to the Company’s operating principles. The Company’s brand sites include: liberator.com, jaxxliving.com, avanacomfort.com plus other global e-commerce sites.

In March LUVU announced it is rebooting its operations to help combat the critical shortage of personal protective masks that faces hospitals, health care workers and consumers.  Louis Friedman, the company’s founder and Chief Executive Officer, hopes the Company can produce 100,000 masks weekly. “In response to the growing COVID-19 crisis, last week I directed my product design team to develop a medical face mask that we could produce in high-volume from readily available materials. That mask is now in production and we are ramping up. They are made with a removable 5-layer carbon infused PM 2.5 filter insert, they fit closely over the face and are held in place by two adjustable elastic straps with a metal adjuster on the nose. They are intended for reuse and can be washed in hot water.”

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LUVU

Mr. Friedman commented, “We have a state-of-the art facility for cutting fabric and producing sewn products. “There are approximately 155 people who work in our 140,000 square-foot factory.

On April 3 LUVU said it has received an order for 35,000 reusable isolation gowns from an Atlanta-based health system. The company also continues to receive orders for medical face masks with the largest order to-date being 5,000 masks for a seven-state hospital network.

Louis Friedman, the company’s founder and Chief Executive Officer, said the Company is doing what it can to produce masks and now isolation gowns. “We continue to ramp up production of our face masks and, at this point, we are keeping pace with consumer orders and healthcare provider orders for medical face masks. This new order for medical gowns is exciting for us as it allows us to deploy our conveyor material handling sewing system and efficiently move the gowns from one operation to the next. The safety of our employees is our highest priority now. No one is allowed in the facility without a temperature check and all work stations are being outfitted with isolation barriers. We are disinfecting all work surfaces during the day, and lunch and break periods have been added to increase the separation of employees in the dining areas.”

According to LUVO – The consumer face masks are now offered for sale on Walmart.com and on our AvanaComfort.com website, and we continue to solicit orders from other private and governmental agencies.

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Currently trading at a $7.5 million market valuation LUVU is an exciting story developing in small caps with significant established sales reporting over $800k in revenues for the 6 months ended September 30, 2019. The stock is up big after the Company announced it is rebooting its operations to help combat the critical shortage of personal protective masks that faces hospitals, health care workers and consumers.  Louis Friedman, the company’s founder and Chief Executive Officer, hopes the Company can produce 100,000 masks weekly.vThe Companies consumer face masks selling under the brand name vogmask are now offered for sale on Walmart.com and on AvanaComfort.com website. The largest facemask order the Company has received so far is 5,000 masks for a seven-state hospital network. Investors are taking notice. We will be updating on LUVU when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with LUVU.

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Disclosure: we hold no position in LUVU either long or short and we have not been compensated for this article.

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