Excellent announcement, international growth strategy and market...

Excellent announcement, international growth strategy and market penetration clearly laid out.

Some key stand out points from the release today:

As exclusive distributor, ASVA will manage and distribute the Bioxyne Group’s products in TPMCM. ASVA will be supported by Bioxyne’s direct sales system and platform. ASVA will focus on Bioxyne’s products and will be excluded from selling competing products. A first order of US$200,000 (265K AUD) has been received.

Call Option Details The Call Option Deed for each country entitles Bioxyne to acquire a 70% interest in the company in each country before 1 July 2021.

The call option makes perfect sense and provides incentive for ASVA to maximise sales penetration within the Asian target market.

ASVA is a sales and marketing company established by the Dato Louis Chong group of companies. Dato Chong has extensive sales and marketing experience in Indo China, comprising Thailand, Philippines, Myanmar, Cambodia and Mauritius (the gateway to Afica). During the period 2007 to 2017, Dato Chong established a national chain of retail stores in those countries marketing health therapeutic equipment and associated wellness products. That business has since been acquired by a major Chinese company.

The above imo shows the strong relationship already existing with BXN and China, looking forward to the news of the new dairy product of Mymanna being launched into China.

Malaysia will also yield excellent results imo.

Sales are building and continue to build exiting times for all holders!