- Nutritional Growth Sales’ (NGS) Healthy Height range surpasses US$500,000 (A$665,100) in wholesale sales since launching in Italy in March this year
- The Healthy Height shake is clinically proven to increase growth development in children by up to 34 per cent
- The range is being sold by NGS’ exclusive partner, Dicofarm, who distributes the product across national pharmacies and health food stores
- Nutritional Growth Sales looks forward to expanding its European footprint to assist more children to reach their height potential
- Company shares spiked 34.2 per cent on the back of the news to trade at 27.5 cents
Nutritional Growth Sales’ (NGS) Healthy Height range has surpassed US$500,000 (A$665,100) in wholesale sales in Italy since debuting in March this year.
The Healthy Height product is a shake that has been clinically proven to increase growth development in children by up to 34 per cent in their annual growth.
Over the three-month period, Nutritional Growth Solutions received the US$508,000 (A$675,442) in revenue from three purchase orders from Dicofarm.
Dicofarm distributes the Healthy Height shake range under the name “Dico Up” to national pharmacies and health food stores under an exclusive distribution deal with NGS.
Under the agreement, Dico Up was assigned an insurance billing code in Italy, allowing buyers to submit reimbursement claims from health insurers.
NGS chose Italy as the first European country to launch the product in due to its large child population of 8.2 million under the age of 14.
Company CEO and Managing Director Liron Fendell was proud to achieve significant sales.
“To surpass US$500,000 in wholesale sales in three months, in a new region, is a big milestone for our company and shows there is a genuine need for nutritional
products that support growth development in children,” Mr Fendell said.
“We look forward to expanding our footprint in Europe to assist even more children to reach their height potential.”
Company shares spiked 34.2 per cent on the back of the news to trade at 27.5 cents at 1:13 pm AEST.