PLANO,
Texas, Jan. 23, 2023 /PRNewswire/ -- Dogness
(International) Corporation ("Dogness" or the "Company") (NASDAQ:
DOGZ), a developer and manufacturer of a comprehensive line of
Dogness-branded, OEM/ODM and private label pet products, today
announced it is benefitting from a significant rebound in pet
product sales in the Australian market. This is the latest
strategic market to benefit from a post-COVID reopening and return
to a more normalized environment. This follows strong sales growth
for the full calendar year 2022 ended December 31, 2022, with sales to Australia more than doubling prior year
sales.
It is estimated that the Australian pet market will reach
$3.9 billion in 2023, with the total
number of pets in the country having increased from 28.5 million in
2019 to 30.4 million in 2021. (source: Mordor Intelligence)
Silong Chen, Chairman and Chief
Executive Officer of Dogness, commented, "We are encouraged with
our continued strong performance in the Australian market. By
leveraging established local sales partners and expanding to more
instore and online channels, we have quickly gained traction and
considerable momentum for our intelligent pet products and our
traditional pet product lines. Our commitment to developing
attractive, high-quality products that ensure comfort to pets and
sought after utility to pet parents sets Dogness apart and
positions us well for continued success in Australia and all of the markets we serve
worldwide, including China, the
U.S. and Japan. We are confident
entering 2023 and look forward to further building on our brand
awareness and customer momentum."
Dogness has built an integrated sales platform across all
channels, with major customers including Petco, PetSmart, Costco
Wholesale Corporation, Xiuhu, Sam's Club, Walmart, Target,
QVC®, Pet Value, Pets at Home, PETZL, Petmate,
Trendspark, Anyi Trading, IKEA, SimplyShe, and online shopping
platforms, such as Amazon, Chewy.com, Boqii Holding Limited,
Target.com, HomeDepot.com, Loews.com, Wayfair.com, JD, Tmall and
Taobao, as well as live streaming sales platforms hosted by
influencers.
About Dogness
Dogness (International) Corporation was founded in 2003 from the
belief that dogs and cats are important, well-loved family members.
Through its smart products, hygiene products, health and wellness
products, and leash products, Dogness' technology simplifies pet
lifestyles and enhances the relationship between pets and pet
caregivers. The Company ensures industry-leading quality through
its fully integrated vertical supply chain and world-class research
and development capabilities, which has resulted in over 200
patents and patents pending. Dogness products reach families
worldwide through global chain stores and distributors. For more
information, please visit: ir.dogness.com.
Forward Looking Statements
No statement made in this press release should be interpreted as
an offer to purchase or sell any security. Such an offer can only
be made in accordance with the Securities Act of 1933, as amended,
and applicable state securities laws. Certain statements in this
press release concerning our future growth prospects are
forward-looking statements regarding our future business
expectations intended to qualify for the "safe harbor" under the
Private Securities Litigation Reform Act of 1995, which involve a
number of risks and uncertainties that could cause actual results
to differ materially from those in such forward-looking statements.
The risks and uncertainties relating to these statements include,
but are not limited to, risks and uncertainties regarding lingering
effects of the Covid-19 pandemic on our customers' businesses and
end purchasers' disposable income, our ability to raise capital on
any particular terms, fulfillment of customer orders, fluctuations
in earnings, fluctuations in foreign exchange rates, our ability to
manage growth, our ability to realize revenue from expanded
operation and acquired assets in China and the U.S., our ability to attract and
retain highly skilled professionals, client concentration, industry
segment concentration, reduced demand for technology in our key
focus areas, our ability to successfully complete and integrate
potential acquisitions, and unauthorized use of our intellectual
property and general economic conditions affecting our industry.
Additional risks that could affect our future operating results are
more fully described in our United States Securities and Exchange
Commission filings. These filings are available at www.sec.gov.
Dogness may, from time to time, make additional written and oral
forward-looking statements, including statements contained in the
Company's filings with the Securities and Exchange Commission and
our reports to shareholders. In addition, please note that any
forward-looking statements contained herein are based on
assumptions that we believe to be reasonable as of the date of this
press release. The Company does not undertake to update any
forward-looking statements that may be made from time to time by or
on behalf of the Company unless it is required by law.
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SOURCE Dogness International Corporation