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Food Revolution Group (ASX:FOD) - Chairman, Norman Li - The Market Herald
Chairman, Norman Li
Source: Small Caps
  • The Food Revolution Group (FOD) has secured a $1 million order from Chinese e-commerce platform C-Mart, for its new wellness product range
  • The marine collagen products are the first to be launched under the Eridani brand and are manufactured from natural premium ingredients at its facility in Melbourne
  • CEO and Managing Director Tony Rowlinson said the company was on track for double digit sales growth for FY21
  • The company has also announced the appointment of Rocky Zou to the company's board
  • Company shares have ended the day trading 4.44 per cent higher at 4.7 cents

The Food Revolution Group (FOD) has secured a $1 million order from Chinese e-commerce platform C-Mart, for its new wellness product range.

The marine collagen products are the first to be launched under the Eridani brand and are made from natural premium ingredients at its facility in Melbourne.

The Food Revolution Group has developed powders, gels, capsules and liquid-based supplements. It also manufactures juices that are sold domestically and overseas.

Group Chairman Norman Li said securing the C-Mart order for Eridani products was a major milestone for the company.

"The initial response to the brand has been fantastic with positive initial customer feedback," Norman said.

The Food Revolution Group CEO and Managing Director Tony Rowlinson said the company was on track for double digit sales growth for FY21..

"With improving juice volumes, increased juice prices secured with our major retailers, the security of raw material supply and a focus on operational efficiencies and cost control, FOD (The Food Revolution Group) is on track, subject to broader macro-economic conditions, to deliver much improved financial performance in FY21."

The company has also announced the appointment of Rocky Zou to the company's Board.

"Rocky has a wealth of sales and marketing experience in selling health and skincare products into the Chinese and Australian markets and will be instrumental in the effective roll out of Eridani onto the CMart platform," Norman concluded.

Company shares ended the day trading 4.44 per cent higher on the market trading for 4.7 cents.


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