American Aires Provides COVID-19 and Sales Update
MARCH 24th, 2020 – Toronto, Ontario – American Aires Inc. (CSE: WIFI) (the “Company” or “Aires”) is pleased to report that the Company is diligent and is following all recommendations from Health Canada sources as Canada deals with COVID-19.
The Company’s business operations, which is currently comprised of on-line sales of 4 products that offer protection to consumers from electromagnetic radiation is exceptionally robust. Sales are continuing without disruption as our supply chain for manufacturing has next to no limitation, and is running smoothly. In this regard, the Company is pleased to report record monthly sales from December 2019 up to March 23rd 2020, when compared to the same months in the previous year, with the month of March already having all time record sales with 8 more days remaining. Additionally, Aires has strong inventory on hand to meet the consumer demand the Company is experiencing. It is noteworthy that these record sales have occurred organically. The Green Space Worldwide Inc. performance marketing campaign is expected to commence in mid-April 2020, which is expected to bolster sales even further.
Furthermore, Aires is also pleased to report that the development of its new online e-commerce platform is on schedule and budget as is the Company’s new 5G product offering.
“I would like to convey to all stakeholders that we are acting prudently with all the recommendations from Health Canada regarding COVID-19. We are complying completely. We also have the benefit of being a Company that is not a traditional brick and mortar store, but rather an on-line e-commerce platform that runs 24 hours a day, 365 day of the year. That said, our exposure to the current situation is somewhat limited in this regard” commented Dimitry Serov, President and CEO. “I would also like to remind our stakeholders that the Aires offering provides consumers a product for people who seek protection from the harmful effects of electromagnetic radiation. During these unprecedented times, people are increasingly concerned about their health and well-being which is only adding to this organic increase in record sales. Lastly, a further testament to our business model is the recent insider buying of Aires shares”.
About American Aires Inc.
American Aires is an Ontario based technology company that is focused on the research, development and implementation of innovative technology solutions to allow consumers to safely engage with electronic products of the 21st century. The Company is currently engaged in the business of production, distribution and sales of products intended to protect persons from the harmful effects of electromagnetic emissions, which is produced from electronic devices such as cell phones, Wi-Fi routers, tablets and electric cars to name a few. The Company has developed a technology that restructures and transforms electromagnetic field haze into a more biologically-compatible form to reduce the harmful effects of electromagnetic radiation. The Company’s current principal products are the Shield Pro, Aires Defender Pro and Aires Guardian.
On behalf of the board of directors
Dimitry Serov, President & Chief Executive Officer
Email: [email protected]
Phone: (905) 482-4667
Investor Relations:
Samina Deen, Head of Partnerships
Email: [email protected]
Phone: (416) 320-1634
[email protected]
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. All statements other than statements of historical fact are forward-looking statements, including, without limitation, statements regarding future financial position, business strategy, use of proceeds, corporate vision, proposed acquisitions, partnerships, joint-ventures and strategic alliances and co-operations, budgets, cost and plans and objectives of or involving the Company. Such forward-looking information reflects management’s current beliefs and is based on information currently available to management. Often, but not always, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “predicts”, “intends”, “targets”, “aims”, “anticipates” or “believes” or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. A number of known and unknown risks, uncertainties and other factors may cause the actual results or performance to materially differ from any future results or performance expressed or implied by the forward-looking information. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company including, but not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals. Certain material assumptions regarding such forward-looking statements may be discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company does not assume any obligation to update or revise its forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by securities laws.
No securities regulatory authority has either approved or disapproved of the contents of this news release. The Shares have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any common shares in the United States, or in any other jurisdiction in which such offer, solicitation or sale would be unlawful. We seek safe harbour.
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