Verus International Inc (OTCMKTS: VRUS) is an exciting Company doing significant sales, with established product lines, exciting new ventures and a significant shareholder base behind it.
The Company recently acquired a controlling 51% interest in ZC Top Apparel Manufacturing, Inc., a Philippines-based maker of reusable N95 fabric masks and biohazard suits. Management has stated their excitement about the new protective gear business where demand is tremendous
Verus International Inc (OTCMKTS: VRUS) is a global, emerging multi-line consumer packaged goods (CPG) company developing branded product lines in the U.S., South America, and the Middle East. The Company is an international supplier of consumer products, which it markets under Verus-owned brands to multiple sales outlets. Verus’ initial focus is on frozen foods, particularly meat, poultry, seafood, vegetables, and French fries. Verus has a significant regional presence in the Middle East and North Africa (MENA) and sub-Saharan Africa (excluding Office of Foreign Assets Control (OFAC)-restricted nations), with deep roots in the Gulf Cooperation Council (GCC) countries.
Big league Foods is emerging as VRUS most important subsidiary; according to management the MLB business will be its fastest growing segment in the first half of the year. “Despite some recent delays, we are standing by our projection for triple-digit growth during 2020.”
VRUS has developed fine food products sourced in the United States-and exported them across the world. A sharp eye on quality, sustainability, and the products customers want, we work very closely with our local and international suppliers to deliver the finest food products at reasonable prices. With a leadership that has over 20 years’ experience building successful partnerships between international brands and local retailers, a rapidly-expanding manufacturing operations platform, and growing brand recognition, we are gaining a reputation as a rising force in the global Food Industry.
Verus made an important acquisition last year when they acquired Big League Foods, Inc. which has a license with Major League Baseball Properties, Inc. (“MLB”) to sell MLB-branded frozen dessert products and confections. The license covers all 30 MLB teams. Big League Foods become a subsidiary of VRUS with an initial ice cream product line which includes grocery store-type packaging in 1.5 quart and pint container sizes, in addition to novelty “grab-and-go” size ice cream in cone, bar, and sandwich versions. The confections product line will include gummi and chocolate candies. Products will feature “home team” packaging to match the fan base in each region. More than 2,500 retail locations, including large national and regional retailers, have agreed to stock these MLB-branded products in their freezer cases. VRUS management recently stated the MLB is its fastest selling line.
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VRUS has been putting out some big news lately. The Company announced it has acquired a controlling 51% interest in ZC Top Apparel Manufacturing, Inc., a Philippines-based maker of reusable N95 fabric masks and biohazard suits.
ZC Top produces a highly sought-after, premium mask that is N95 compliant and constructed of a washable shell and a multi-layer filter than can provide protection for three days before replacement. The multi-layer filter consists of BFE99, PFE99 melt-blown and spun-bond polypropylene, which are the same materials used in medical surgical and N95 disposable masks. The masks also feature an activated carbon filter that functions like a high-efficiency particulate air (HEPA) filter, giving an additional layer of protection compared to a regular N95 mask. The ZC Top masks also incorporate exhalation valve technology to facilitate smoother breathing, along with cotton construction to create a high-quality reusable mask that is more comfortable and cost effective than many other anti-viral mask designs.
According to management the new ZC Top subsidiary currently has request for quotes (RFQs) from the U.S. Government and other governments, agencies and sellers on multiple continents. The Philippines-based facility has a peak production capacity of ten million masks per month. Based on pending orders, the Company believes that it can operate at near capacity for the foreseeable future.
VRUS is doing big numbers! The Company recently reported results for its first fiscal quarter ended January 31, 2020. Revenue set an all-time record of $6.2 million, an increase of 153% over the $2.4 million reported in Q1 2019.
Management stated “The global pandemic has created many challenges, but it has also brought great opportunities,” said CEO Bhatnagar. “We are very lucky, because we have a solid base of revenue from our traditional product lines, a fully redesigned candy line that is ready to take off once retail returns, and a new protective gear business where demand is tremendous – and our remaining challenges are mostly logistical. We are growing revenue at a triple digit rate before flipping a number of very significant switches, which is a testament to the outstanding team we have assembled over the last year. Closed stadiums and store fronts are just temporary obstacles, but in the meantime, we have a diversified set of three uncorrelated sources of revenue for the first time in our history. We have pent up demand in all of our business units, which makes us very optimistic about the remainder of 2020.”
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Currently trading at a $19 million market valuation VRUS has manageable debt and significant fast growing revenues reporting Revenue set an all-time record of $6.2 million, an increase of 153% over the $2.4 million reported in Q1 2019. VRUS is an exciting story developing in small caps; the Company is making huge strides in the fast growing global food markets and continues to take serious steps in order to list on a major exchange. Verus has products covering all 30 Major League Baseball teams, with the potential to have a presence in every major U.S. market by mid-2020. In a big move VRUS recently acquired a controlling 51% interest in ZC Top Apparel Manufacturing, Inc., a Philippines-based maker of reusable N95 fabric masks and biohazard suits. Management has stated their excitement about the new protective gear business where demand is tremendous. We will be updating on VRUS when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with VRUS.
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Disclosure: we hold no position in VRUS either long or short and we have not been compensated for this article.