Verus International Inc (VRUS)

[Rhyno055]

Equipment installation is already underway and the facility is expected to become operational during early calendar year 2020, just in time for the spring MLB selling season. This single Houston location will enable Verus to more easily service a nationwide footprint for a variety of branded packaged goods as well as export internationally given its proximity to Port of Houston. Additionally, Verus has an option to expand the facility’s footprint within the current building to almost twice its current size to support future growth. Furthermore, the impact on profitability will be significant, with the potential to achieve 40% or better gross margins in some categories. The facility is expected to eventually increase to between $2 million and $3 million per month in revenue, depending upon the mix of new products planned for 2020. Success Labs is part of a larger strategic plan to add regional and national manufacturing facilities when such facilities can lead to new business and improved profitability.

This tells you where we are headed!2020