U.S. SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: July 23, 2018
Concierge Technologies, Inc.
(Exact name of registrant as specified in its charter)
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Nevada 000-29913 90-1133909
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(Address and telephone number of registrant's principal
executive offices and principal place of business)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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Item 8.01 |
Other Events |
On July 23, 2018, Concierge Technologies, Inc. (the “Company”) issued a press release announcing developments with respect to its operating subsidiaries. A copy of the press release is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
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Exhibit No. |
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Description |
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99.1 |
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Press Release of Concierge Technologies, Inc., dated July 23, 2018. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: July 23, 2018 CONCIERGE TECHNOLOGIES, INC.
By: /s/ Nicholas Gerber
Nicholas Gerber
Chief Executive Officer
Exhibit 99.1
Concierge Technologies to Expand Global Marketing of Original Sprout
Beauty Products with Entry into New Zealand
Leverages Distribution Channels of Concierge’s Gourmet Foods Unit to Introduce
Original Sprout Products Online and in New Zealand Retail Outlets
San Clemente, Calif., July 23, 2018—Concierge Technologies, Inc. (OTCQB: CNCG) (“Concierge” or, the “Company”), a diversified global holding firm, today announced it will expand the marketing and distribution of its Original Sprout brand of hair and skin care products to New Zealand.
Concierge said it will leverage the existing resources of its New Zealand-based Gourmet Foods subsidiary to introduce Original Sprout products to the New Zealand market. The Company expects Original Sprout products to reach retail outlets in New Zealand within the next two months, with online sales to consumers expected to begin in August.
Acquired by Concierge at the end of 2017, California-based Original Sprout produces and distributes a full line of natural, 100% vegan, safe, non-toxic hair and skin care products, including a “reef safe” sun screen, in the U.K., the E.U., Turkey, the Middle East, Taiwan, Singapore, Hong Kong, Malaysia, Canada, the U.S.A. and its territories.
“As we explored geographic growth strategies and opportunities for Original Sprout, we realized the products had no retail presence in the New Zealand market.,” said David Neibert, Concierge’s Chief Operations Officer. “We believe it to be a perfect fit for our New Zealand-based Gourmet Foods subsidiary to take on distribution. Gourmet Foods has a well-established, existing, network of retail channels that include leading grocery stores, convenience markets and other outlets, as well as the backend processes such as warehousing and shipping, that we are hoping to leverage in order to result in an easier entry to the market than would otherwise be expected. We believe Original Sprout products will be well received due in part to the growing trend for environmentally and health-conscious products in New Zealand,” Neibert added.
Nicholas Gerber, Chief Executive Officer of Concierge Technologies, said, “Maximizing our resources is a key strategy for our Company, as we continuously seek new ways to help our operating units grow. When a situation exists that we believe to be a win-win for two of our businesses, in this case Original Sprout and Gourmet Foods, that’s a solid hit for us and our shareholders. It is our corporate objective to identify and acquire strong companies with great management teams, and seek operating synergies that we believe will bring meaningful returns to our investors through profitable performance.”
Initially formulated for babies, the Original Sprout brand gained early notoriety through national publications featuring use of the products by Hollywood celebrities, family resorts, and noted personalities worldwide. Follow up broadcasts featuring Original Sprout on syndicated television shows such as “Today” and “Modern Living with kathy ireland®” have established the brand as a main stream product for babies and up. Today, its full line of safe, effective, products serve all ages and includes skin cream, hair oil, hair gel, hair balm and protein mist.
Gourmet Foods is a commercial-scale bakery that produces and distributes over 30 different varieties of baked pies, including vegetarian, beef, lamb, veal, egg, cheese, chicken, pork and others, throughout New Zealand under the brand names Pat’s Pantry and Ponsonby Pies.
Additional information about Gourmet Foods can be found at https://gourmetfoodsltd.co.nz/ and for Original Sprout at www.originalsprout.com
About Concierge Technologies, Inc.
Founded in 1996, Concierge Technologies is a global holding firm, with operating subsidiaries in financial services, food manufacturing, security systems and beauty products. Offices and manufacturing operations are in the U.S., New Zealand and Canada.
Forward-Looking Statements
This press release may contain "forward-looking statements" that include information relating to Concierge Technologies’ future events and future financial and operating performance. Such forward-looking statements, including but not limited to, the precise timing of launching of the Company’s beauty products in New Zealand and consumer reception to such products, should not be read as a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management's good faith belief as of that time with respect to future events, and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. For a more detailed description of the risk factors and uncertainties affecting Concierge Technologies or its subsidiary companies, please refer to the Company's recent Securities and Exchange Commission filings, which are available at the Company’s website: (http://www.conciergetechnology.net) or at www.sec.gov.
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Investors and media, for more information, contact: |
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Roger S. Pondel PondelWilkinson Inc. 310-279-5980 rpondel@pondel.com |