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Protecting Your Brand: A Guide to Trademark Registration in Israel with Jitendra Intellectual Property
Expanding your business to new markets, such as Israel, presents exciting opportunities. However, along with growth comes the need to safeguard your brand identity and intellectual property. Trademark registration is a critical step in securing exclusive rights to your brand in Israel. Understanding Trademark Registration in Israel: In Israel, trademarks serve as distinctive identifiers of goods and services, offering legal protection against unauthorized use by competitors. Registering your trademark in Israel provides you with exclusive rights to use the mark and affords you legal recourse against infringement.
The Significance of a Trademark Search in Israel: Before initiating the trademark registration process, conducting a comprehensive trademark search is crucial. A trademark search involves checking existing trademark databases to ensure that your proposed mark is not already in use or too similar to existing marks. Jitendra Intellectual Property's expert team can conduct a thorough Israel trademark search, minimizing the risk of encountering objections or potential legal disputes down the road.
Jitendra Intellectual Property: Your Trusted Trademark Partner: Jitendra Intellectual Property is renowned for its expertise in trademark registration and protection. With years of experience in handling trademark matters globally, their team understands the intricacies of the Israeli trademark system. By choosing Jitendra Intellectual Property as your partner, you gain access to the following services:
a. Trademark Research and Analysis: Their team conducts a comprehensive search and analysis to ensure that your trademark is distinctive and unlikely to infringe upon existing marks in Israel.
b. Trademark Registration Filing: Jitendra Intellectual Property assists you throughout the trademark registration filing process, ensuring all documentation is prepared accurately and efficiently.
c. Legal Representation: In the event of any oppositions or disputes during the registration process, their team provides adept legal representation to protect your brand's interests.
d. Trademark Renewal and Maintenance: After successful registration, they offer ongoing monitoring services and handle the renewal process to maintain the validity of your trademark.
Safeguarding Your Brand in Israel: With an established trademark registration in Israel, you gain a competitive advantage and secure your brand's identity in this thriving market. Jitendra Intellectual Property's extensive experience in handling international trademark matters ensures a seamless and effective registration process, allowing you to focus on your core business activities.
Conclusion:
Trademark registration in Israel is a crucial step for businesses seeking to expand their presence in this dynamic market. By partnering with Jitendra Intellectual Property, you entrust your brand protection to experienced professionals who understand the nuances of the Israeli trademark system. From conducting a trademark search to providing legal representation and ongoing maintenance, Jitendra Intellectual Property is your trusted ally in safeguarding your brand in Israel. Secure your brand's future today and take the proactive step of trademark registration with Jitendra Intellectual Property.
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Yoga Studio Platform Market Next Big Thing | Major Giants Virtuagym, Acuity Scheduling, Zen Planner, Bitrix
Advance Market Analytics published a new research publication on “Global Yoga Studio Platform Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Yoga Studio Platform market was mainly driven by the increasing R&D spending across the world.
Major players profiled in the study are:
MINDBODY (United States), Acuity Scheduling (United States), Pike13 (United States), Vagaro (United States), Zen Planner (United States), Virtuagym (Netherlands), Fitli (United States), 10to8 (United States), Perfect Gym Solutions (Australia), Bitrix (India)
Get Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/76137-global-yoga-studio-platform-market#utm_source=DigitalJournalVinay
Scope of the Report of Yoga Studio Platform
Yoga Studio platform cuts the time and administrative costs of running a yoga studio as it automates such functions of studio management as billing, scheduling, student records maintenance, registration, credit card processing and class material printing. It helps to manage helps you manage customers, classes, teachers, subscriptions, class cards, events. Moreover, the platform is used by yoga studios, dance studios and Buddhist centres in many parts of the world.
The Global Yoga Studio Platform Market segments and Market Data Break Down are illuminated below:
by Type (Web based, App based), Application (Single Location Business & Individuals, Multiple Location Business), End users (Yoga studios, Dance studios, Others), Features (Manage customers, Manage staff, Subscriptions, Invoicing, Branding, Tasks, Others)
Market Opportunities:
Increasing Government Promotion on Health and Fitness
Rising Need for Yoga Studio Platform Owing to Increase in Complexity of Data
Market Drivers:
Growing Global Population and Changing Consumer Demands
Growing Travel Industry is Fuelling the Market Growth
Market Trend:
Increasing Health Consciousness Among the Consumers
What can be explored with the Yoga Studio Platform Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Yoga Studio Platform Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Yoga Studio Platform
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Have Any Questions Regarding Global Yoga Studio Platform Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/76137-global-yoga-studio-platform-market#utm_source=DigitalJournalVinay
Strategic Points Covered in Table of Content of Global Yoga Studio Platform Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Yoga Studio Platform market
Chapter 2: Exclusive Summary – the basic information of the Yoga Studio Platform Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Yoga Studio Platform
Chapter 4: Presenting the Yoga Studio Platform Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Yoga Studio Platform market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Yoga Studio Platform Market is a valuable source of guidance for individuals and companies.
Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=76137#utm_source=DigitalJournalVinay
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Southeast Asia.
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
#Yoga Studio Platform Market Analysis#Yoga Studio Platform Market Forecast#Yoga Studio Platform Market Growth#Yoga Studio Platform Market Opportunity#Yoga Studio Platform Market Share#Yoga Studio Platform Market Trends
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Yoga Center Software Market May See a Big Move | Major Giants Acuity Scheduling, Virtuagym, Zen Planner, Mindbody
Advance Market Analytics published a new research publication on “Global Yoga Center Software Market Insights, to 2027” with 232 pages and enriched with self-explained Tables and charts in presentable format. In the study, you will find new evolving Trends, Drivers, Restraints, Opportunities generated by targeting market-associated stakeholders. The growth of the Yoga Center Software market was mainly driven by the increasing R&D spending across the world.
Major players profiled in the study are:
Mindbody (United States), Acuity Scheduling (United States), Pike13 (United States), Vagaro (United States), Zen Planner (United States), Virtuagym (Netherlands), Fitli (United States), 10to8 (United States), Perfect Gym Solutions (Australia), Bitrix (United States),
Get Exclusive PDF Sample Copy of This Research @ https://www.advancemarketanalytics.com/sample-report/94828-global-yoga-center-software-market#utm_source=DigitalJournalVinay
Scope of the Report of Yoga Center Software
Yoga centre software cuts time and administrative costs of running a yoga studio as it automates such functions of studio management as billing, scheduling, student records maintenance, registration, credit card processing and class material printing. It comes with various features such as inventory management, online payments, and staff management. It is the easy to use solution for building the clients and studio management.
The Global Yoga Center Software Market segments and Market Data Break Down are illuminated below:
by Type (Web-based, App-based), Application (Single Location Business & Individuals, Multiple Location Business), Pricing (Monthly, Annually, One-time license), Features (Inventory management, Online payments, Staff management)
Market Opportunities:
Increasing Promotional Activities about Yoga
Market Drivers:
Increasing Awareness About the Benefits of Yoga
Rising Adoption of Yoga Centre Software
Market Trend:
Increasing Health Consciousness Among the Individuals
What can be explored with the Yoga Center Software Market Study?
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Yoga Center Software Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Yoga Center Software
Understand the Competitive Scenarios
Track Right Markets
Identify the Right Verticals
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Have Any Questions Regarding Global Yoga Center Software Market Report, Ask Our Experts@ https://www.advancemarketanalytics.com/enquiry-before-buy/94828-global-yoga-center-software-market#utm_source=DigitalJournalVinay
Strategic Points Covered in Table of Content of Global Yoga Center Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Yoga Center Software market
Chapter 2: Exclusive Summary – the basic information of the Yoga Center Software Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Yoga Center Software
Chapter 4: Presenting the Yoga Center Software Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2016-2021
Chapter 6: Evaluating the leading manufacturers of the Yoga Center Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2022-2027)
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source
Finally, Yoga Center Software Market is a valuable source of guidance for individuals and companies.
Read Detailed Index of full Research Study at @ https://www.advancemarketanalytics.com/buy-now?format=1&report=94828#utm_source=DigitalJournalVinay
Contact Us:
Craig Francis (PR & Marketing Manager)
AMA Research & Media LLP
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA – 08837
#Yoga Center Software market analysis#Yoga Center Software Market forecast#Yoga Center Software Market growth#Yoga Center Software Market Opportunity#Yoga Center Software Market share#Yoga Center Software Market trends
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Special discount for June!!Thank new and old customers for their support along the way! 1. Overseas company registration: Mexican company registration RFC application 6800, Hong Kong company 2800, Singapore company 6800, Myanmar company 28000, Israel company 30000, Cyprus company 38000, Malta company 38000, Cambodia company 48000, Netherlands company 48000, Ireland company 68000 2. Overseas trademark registration: 8,000 eu trademark registration, 3,000 Madrid trademark registration, 800 UK trademark registration!
If there is any questions about trademark and company ,please don't hesitate to contact me. Vanessa 18924068468, QQ:2355735224
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Event Management Software Market – Emerging Trends may Make Driving Growth Volatile
This intelligence report provides a comprehensive analysis of the Global Event Management Software Market. This includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. Some of the key players profiled in the study are ACTIVE Network (United States), Aventri (United States), EventBank (United States), Arlo (New Zealand), Attendify (United States), Bizzabo (United States), Cvent (United States), Certain (United States), EventBooking (United States), Eventbrite (United States), Eventzilla (United States), Gather Technologies (United States), Hubb (United States), Hubilo (India), Meeting Evolution (United States), Regpack (United States), SignUpGenius (United States), Social Tables (United States), Ungerboeck Software (United States), Whova (United States) and XING Events (Germany)
Free Sample Report + All Related Graphs & Charts @: https://www.advancemarketanalytics.com/sample-report/10151-global-event-management-software-market-1
AdvanceMarketAnalytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
The ongoing COVID-19 pandemic and the worldwide reaction to it has compelled companies to radically rethink their strategies and the way they operate. We salute the industry experts helping companies survive and sustain in this pandemic. At AMA Market Analysts, are undertaking continuous efforts to provide analysis of the COVID-19 impact on the Event Management Software Market. We are working diligently to help companies take rapid decisions by studying.
Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Global Event Management Software Market is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2019 to 2025 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The Global Event Management Software segments and Market Data Break Down are illuminated below:
by Type (Venue management software, Event registration software, Ticketing software, Event planning software, Event marketing software, Analytics software, Others), End User (Event Organizers and Planners, Corporate, Education, Government, Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment (Cloud, On Premises), Component (Software, Service)
For Early Buyers | Get Up to 20% Discount on This Premium Report: https://www.advancemarketanalytics.com/request-discount/10151-global-event-management-software-market-1
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Objectives of the Study
To Define, Describe, and Segment The Global Event Management Software Market On The Basis Of Type, Function, Application, And Region.
To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
To estimate the size of the Global Event Management Software Market in terms of value.
To study the individual growth trends of the providers of Global Event Management Software Market, their future expansions, and analyze their contributions to the market
To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market, covered by Global Event Management Software Market and various regions.
To track and analyze competitive developments such as joint ventures, mergers & acquisitions, and new product launches, in Global Event Management Software Market.
To strategically profile key market players and comprehensively analyze their market position and core competencies
For More Information and Customization: https://www.advancemarketanalytics.com/enquiry-before-buy/10151-global-event-management-software-market-1
Strategic Points Covered in Table of Content of Global Event Management Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Event Management Software market
Chapter 2: Exclusive Summary – the basic information of the Event Management Software Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Event Management Software
Chapter 4: Presenting the Event Management Software Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Event Management Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8& 9: Displaying the Appendix, Methodology and Data Source
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Introduction
Part A
Part B
Part C
Part D
Part E
Part F
Part G
Part G cont. <-You are here
In Closing
G) cont.
Similarly, I don’t know whether it’s ethical or even legal for someone to use a pseudonym to register a trademark with the federal government, but if the @uspto has any thoughts on this, my DMs are open.
As an aside, one thing TST submitted as evidence against us for defamation was posting @NotoriousTIB’s story for @voxdotcom about the 2018 split where TST’s use of Daily Stormer lawyer Marc Randazza was the final straw. So, funny to see him still involved
There, too, the deeper problem was a lack of transparency and accountability of leadership; of which issues they were pursuing; and of how a couple of people at the top were deciding how to use all the resources made possible by tens of thousands of volunteers
The Satanic Temple is a powder keg of transparency issues, and it’s hard not to conclude that the brunt of why this suit exists, even as other members or chapters leave and take their social media with them, is that we pointed out the keg was there at all.
Those issues persist in this lawsuit. You can see it right in their GFM. Just like w/ “Reason Alliance,” Cevin all but explicitly states that the money is getting funneled to the for-profit plaintiff...but this time it doesn’t need to be reported, b/c it was donated to the church
Updates (1) MARCH 4, 2021 by Malcolm Jarry, Organizer
The Court issued a decision dismissing our claims on technical grounds. However, except for a single claim, the Court granted leave to re-plead all of the claims.
We intend to file an amended complaint as the Court allowed, and continuing pursuing these several claims against the Defendants.
With regard to the one claim which the Court did not permit us to re-plead, we are considering all options, including a possible appeal.
Malcolm Jarry Organizer Salem, MA The Satanic Temple Registered nonprofit
We’ve found *dozens* of corporations with Cevin’s name on them - or Malcolm’s. If he’s willing to say on a @gofundme that people’s donations to the “religion” actually go to a corp with a different EIN, where else is it also going, given near-total secrecy?
How does anyone know that their support for “reproductive rights” isn’t also going to the "Alliance for Integrity and Justice", which explicitly exists to target pro-Palestine critics & smear “resistance to ethnic cleansing” as antisemitic?
It’s one thing to be worried about doxing when you’re a Satanist minor living with their parents, using a pseudonym to stay safe.
Cevin Soling has a Wikipedia page & gives TED Talks and interviews on Colbert about how public schools need to be abolished.
There are serious questions that people around the country need to be asking about TST’s actual relationship to the public interest, and why there’s such a culture of secrecy around TST that Cevin and Doug were willing to hold up its own public history in court as “defamatory.”
United Federation of Churches LLC v. Johnson et al
The Satanic Temple, an allegedly progressive religion that claims to fight religious overreach, is secretly spending tens of thousands in litigation to target former members after TST's owners were criticized on FB for a pattern of failing to live up to their own professed tenets
It’s not clear how much money TST has spent on the suit so far, where that money has come from, or what membership—if any—was consulted in deciding to devote so many resources to this SLAPP action, but it's lasted more than a year, including re-filing after a judge's dismissal
Tomorrow (June 8), the defendants will submit another, hopefully final, motion to dismiss the case for good.
I’m one of those defendants. Let’s talk about it. This is an extremely long thread, but I have receipts for everything.
Now, the suit is still going, so I can’t go into *everything* wrong with the complaint.
But I CAN point out it exists, that TST has deliberately kept it going despite the judge dismissing the original complaints back in Feb, and repeat/quote what the court documents say so far.
Mostly I want to focus on the most egregious aspects of this suit, but in case you feel like following along in greater detail, one of the other defendants has uploaded the court documents here to get around paywalls
Public record is fair game too. That’s important b/c TST’s betrayal of its own values (via this suit’s existence) makes more sense given how they’re legally structured and how they work to obfuscate this.
This suit is a window, legally, into what they really are.
Other members & even whole chapters have left, both before and after us, taking all their social media pages with them. None were ever sued on strained accusations of “hacking.”
But we were, and TST threw in a bundle of even flimsier complaints just to draw it out longer.
We can’t read minds, but we think why this may be is based on the fact that we didn’t just leave quietly, but also talked publicly about some of the other corporations TST’s owners have, and what names are on official documents for them, according to the already-public record.
We’ll come back to this - for now, just keep in mind that TST’s two founders have apparently been willing to sign both their legal names AND their pseudonyms on the same legal document, while also using the same name for a for-profit corp as they do their nonprofit “church”
The fact that we can publicly quote court documents is especially cool b/c TST thoughtfully included our statements & so-called “manifestos” as supporting evidence, even though they expose some gaping holes in their argument and raise serious questions about how TST treats people.
#The Satanic Temple#TST#Satanic#Satanism#Lucien Greaves#Malcolm Jarry#Doug Misicko#Doug Mesner#Cevin Soling#United Federation of Churches LLC#SLAPP#Queer Satanic#QueerSatanic#the satanic temple inc#The War on Kids#Marc Randazza
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Business of Fashion interview with James Jebia https://ift.tt/2CVFTNH
I just horribly scraped this off BOFs site. You need a membership to actually read. Formating may be messed up and images are missing so please don't complain.
BY CHANTAL FERNANDEZAPRIL 3, 2019 05:30
NEW YORK, United States — In mid-March, Italian police, acting as part of operation “Golden Brand,” released a video showing a storeroom stacked high with boxes from which officers pulled products covered in shiny plastic sleeves. Most of the items — T-shirts, sandals, even skateboards — were branded with the distinctive box logo made famous by Supreme, though, of course, none of them were actually made by the New York-based streetwear giant. In a statement, the Italian authorities said that, in total, they had seized 700,000 counterfeit items worth €10 million as part of an investigation into the sale of counterfeit streetwear, which they characterised as a “new insidious phenomenon.”
Supreme knock-offs, from T-shirts to cigarette lighters, can be found all over the world, from Canal Street in New York City to the souks of Marrakech. The market for these counterfeits has thrived in part because distribution of genuine Supreme product is so tightly controlled. Its goods are available only at the brand’s 11 stores, via its website and at Dover Street Market, often in small batches released in weekly “drops," meaning that demand often far outweighs supply. Most items sell out online less than 10 seconds after they are made available.
Manufactured scarcity is a key part of Supreme’s incredible success. Over the last 25 years, the brand has grown from a single store on New York’s Lafayette Street that served as a de facto clubhouse for local skaters to a billion-dollar streetwear juggernaut that, in 2017, attracted investment from private equity giant the Carlyle Group, which paid around $500 million for roughly 50 percent stake in the business. Its red box logo, itself inspired by the signature style of artist Barbara Kruger, is now recognised worldwide.
But Supreme’s global profile, coupled with the scarcity of its product, has also exposed the company to sophisticated opportunists. The biggest thorn in Supreme’s side is Italy’s International Brand Firm (IBF) and a series of up to eight affiliated companies, known primarily as Supreme Italia and Supreme Spain to consumers. The company has brazenly set up Supreme-branded storefronts and websites in Italy, Spain and China that look real enough. It has filed trademark registrations using the word “Supreme” and versions of its logo in as many as 50 countries including Spain, Portugal and Israel. It has challenged Supreme for its trademark in international courts, and it has promised to open 70 more stores selling look-a-like Supreme goods.
All told, IBF appears to be doing swift business in what some call “legal fakes” because, according to Susan Scafidi, founder and director of the Fashion Law Institute at Fordham University's School of Law, the items fall in a legal grey area of trademark squatting. Even before IBF targeted Supreme, the streetwear brand faced an uphill battle in trademark registrations: its name has been considered too general and descriptive by some courts.
In 2017, IBF generated £514,000 (about $679,000) in revenue, according to public filings for part of its business. But if its plans to open new distribution channels go ahead, that number could grow significantly.
IBF’s activities made international headlines last December when Samsung announced a product collaboration with Supreme at a press conference in China. The South Korean giant welcomed someone it believed to be the chief executive of the streetwear business to the stage. “Today is Supreme’s official debut in the Chinese market,” said the person on stage with Feng En, Samsung’s head of digital marketing for Greater China, promising to open several stores in the country including a seven-story flagship in Beijing. Only later, after a backlash on the internet, did Samsung seem to discover that they were dealing not with the New York-based Supreme, but with the IBF-controlled Supreme Italia, and canceled the partnership.
In March, a Supreme-branded store opened on Middle Huaihai Road, one of Shanghai’s busiest retail streets, attracting a line of curious consumers wondering if the world’s most coveted streetwear brand had finally set up shop in China. Inside, shoppers can now find T-shirts and hoodies branded with oversized logos and tagged as “Supreme Spain” for 599RMB (about $90) to 1,599 RMB (about $240), as well as skateboard decks, backpacks and other accessories.
“I don’t think another company has really had to deal with this like we have,” said Supreme founder James Jebbia in a rare interview. “This is a whole new level with this criminal enterprise — these complete imposters and impersonators. This is a company that was able to convince one of the biggest companies in the world [Samsung] that they are the real thing.”
It would be sad if a new generation thinks that’s actually legit.
“People should know that the idea of legal fakes is a complete farce,” he said. “It would be sad if a new generation thinks that’s actually legit,” Jebbia added, likening IBF’s ability to spread disinformation to how “fake news” can easily be spread online today. “We don’t do a ton of press and we are quite quiet. These guys are taking full advantage of that… We haven’t had the time to basically go on this massive disinformation tirade or press thing that most people would.”
Some have chalked up Supreme’s counterfeiting woes to its failure to register its trademark faster than imposters in global markets — where trademarks are often awarded to companies that are first to file them, not first to use them — as the streetwear label grew more quickly than it was able to professionalise. Others say Supreme has little choice but to accept the situation.
But the truth is more complicated. For over two years, Supreme has fought its counterfeiters in the courts as it lobbies for trademark recognition in China and with the European Union Intellectual Property Office, jurisdictions in which no company yet has these rights. (Supreme has registrations in several European countries, parts of Asia and the United States.) In China, for example, Supreme filed for trademarks five years ago, though its application is still pending. Supreme Italia and IBF also have pending applications in the country that were filed in March 2018.
For Supreme, this is a highly inconvenient and expensive problem. Though the company was unable to provide an estimate in dollar terms, the cost is not only felt in lost sales and legal fees but in damage to the brand's reputation. And it comes just as Supreme enters a post-Carlyle growth phase which is believed to include expansion into China, the world’s largest fashion market. (Firms like Carlyle, which do not hold businesses indefinitely, typically aim to rapidly grow their investments and then sell their stakes within five to seven years).
In 2017, the same year as the Carlyle deal, Supreme hired its first general counsel as part of a wider professionalisation drive that has included poaching Converse's ex-chief marketing officer and hiring the Boston Consulting Group to evaluate its supply chain. General counsel Darci J. Bailey is overseeing the company’s multi-pronged trademark registration and anti-counterfeiting strategy. Supreme said it now has over 350 trademark filings around the globe.
“There is not a jurisdiction in the world that’s said what [IBF is] doing is lawful,” said Bailey. “Opening stores is only going to yield a bigger victory once we are able to shut those down.” She said that in addition to copying its products, opening fake stores and impersonating Supreme executives, IBF has duplicated Supreme's invoices, shopping bags and signage. “They are really after our DNA,” Bailey said, adding that IBF offered to “sell our trademarks back to us,” but Supreme will not consider payoffs as a way to solve its trademark issues.
“We will not stop, we will not relent,” she said. Supreme has made the most progress in Italy, IBF’s home country, where Italian and San Marino courts have prohibited IBF and its affiliates from using the trademark, and police have conducted over 100 seizures of counterfeit Supreme goods.
IBF and its lawyers declined multiple requests for comment from BoF.
Supreme's lawyers created this graphic to demonstrate that Supreme Spain's mark (far right) will be confused with Supreme's logo (far left) | Source: EUIPO
For years, brands from Nike to Chanel have faced sophisticated counterfeiting operations and trademark squatters. But the tactics used by IBF reflect a new level of sophistication. “I’ve never seen any brand subject to press conferences where there are people who are hired to impersonate the CEO,” said Bailey. “I think that there is a lot of confusion in the marketplace.”
The confusion is particularly palpable in Spain and China, where IBF has actual stores and the genuine Supreme doesn’t. The New York-based label’s cautious approach to expansion — which goes hand-in-hand with its carefully cultivated street cred — is a powerful part of its appeal to consumers. But as the company grows its customer base beyond longtime devotees, who have studied message boards and Supreme fan accounts for tips and tricks on how to buy its releases, the label may become a victim of its quiet approach if new consumers are duped by the likes of IBF. Or if, even worse, they knowingly settle for counterfeits that, in the case of items like logo T-shirts and hoodies, may not appear radically different from the originals to more casual admirers of the brand. “I don’t think we have a difficult time communicating to our core customer — they know how to get it — but any expansion is where it becomes difficult,” said Bailey.
David Fisher, founder and chief executive of influential streetwear and youth culture title Highsnobiety, said that shoppers who only see Supreme as the fashion trend it has become in recent years are less aware of the history of the brand and can’t as easily discern between real and counterfeit items. “They are probably going to buy one T-shirt and hoodie and that’s it… I’m sure there are thousands of people who have that level of engagement with the brand,” he said.
A first-time shopper coming to Supreme’s website — which offers e-commerce for customers in the US, UK, Japan, most of Europe as well as Russia and Iceland — can see a list of the brand’s retail stores, for example, but would not know that new products are released on Thursdays. Or that in order to manage long lines outside its stores, Supreme now assigns shoppers a 15-minute time-slot via text-message lottery that allows them to enter the store on what longstanding customers call “drop days.” The website also does not warn shoppers about the proliferation of counterfeiters.
While the company is likely contemplating opening more retail channels — online and off — in new markets, many of its products (including its coveted box logo items) are still virtually impossible for many consumers to buy, especially in places like Spain, Italy and China, where Supreme does not have stores and where IBF has taken root.
In the 13 months ending in January 2018, Supreme generated £63 million ($83 million) in sales in the UK, Europe and other regions outside the United States, up 156 percent year over year, according to public filings in the UK.
“These fake Supreme [pieces] that appear now make the real Supreme not as popular as it once was,” said a college student in Madrid, Beltrand Montauzon, who has purchased Supreme items on the resale market when traveling abroad. “[Supreme Spain] is way more accessible for people who weren’t able to buy it, which is 99 percent of the population.”
Supreme is believed to be considering new stores in Milan, Berlin and San Francisco, but Jebbia declined to confirm any concrete plans. Existing stores include two in New York (the original Lafayette location is closed for renovations, but another store is open nearby on Bowery), one in Los Angeles, one in London, one in Paris, and six in Japan. “We certainly wouldn’t say, ‘Let’s open in Spain because these fakers have opened up a fake shop,’” he said. “We do look, but we aren’t in any massive rush; it can take years to find the right space,” Jebbia continued. Supreme generated £1.8 million ($2.3 million) in sales between 2013 and 2018 in Spain through online sales, according to documents filed by Supreme's lawyers with the EUIPO.
We certainly wouldn’t say, 'Let’s open in Spain because these fakers have opened up a fake shop.'
IBF was incorporated in November 2015 by Michele di Pierro, a Barletta, Italy native who was previously affiliated with an apparel distributor Grew Sport. His biography on Twitter states, “No one is indispensable” and on Pinterest, “Thirst for innovation.” IBF has boasted that it registered Supreme’s trademarks in Italy before the New York brand could. But in fact, IBF filed a month after the real Supreme did, in November 2015. Then, in January 2016, Supreme Italia is thought to have made its debut during menswear tradeshow Pitti Uomo, where attendees reported the company had set up a booth.
The real Supreme started fighting back in July 2016, taking its case to the Italian courts. After a series of civil and criminal suits in 2017, Italian and San Marino courts ordered an injunction against IBF and its use of the Supreme or Supreme Italia marks, and police started seizing counterfeit product the same year.
IBF, in response, began shifting its business to Spain, where it filed for a trademark in April 2017, five days before Supreme did, and started opening stores in Madrid, Barcelona, Malaga, Ibiza and Formentera the following summer. Supreme also filed with the European Union Intellectual Property Office, where the trademark is still pending registration. Later in 2017 and 2018, IBF filed with the World Intellectual Property Organization (WIPO), where it has two active listings.
Meanwhile, IBF has been able to score points in the press. In July 2018, an Italian court in Trani unfroze IBF’s websites, even though the company was still barred from producing and selling products featuring Supreme branding. In October 2018, the European Union Intellectual Property Office said it would continue to consider Supreme’s trademark application, which IBF contested. Both of these developments were spun as wins for IBF by Italian streetwear blogs, particularly NSS and TheStreetwearMagazine.com, the latter of which Bailey said is published by IBF.

Supreme's new shop on Bowery in New York | Source: Courtesy
But Supreme isn’t backing down and is focusing on getting the EU-wide mark approved. “We are very confident we are going to get the trademark registration with the EU,” said Bailey.
Meanwhile, Supreme has obtained several trademark registrations in Spain, which IBF has opposed, but the proceedings are suspended until the EUIPO makes its ruling. Supreme is also trying to get Spanish courts to close IBF’s stores, but the relevant authorities have denied this request and Supreme is appealing.
Bailey said Supreme is also persevering in China, where she said the brand has been working closely with officials and is now “months away” from getting its trademarks registrations about four years after the application was first filed.
“It’s highly likely Supreme will create a lot of difficulty for Supreme Italia moving forward and may win,” said Scafidi. “Trademarks are born global; they cross borders without being stopped at customs and yet there is no way to simply protect a trademark globally.”
"We are doing every single thing that we can do to stop [IBF] and I think we are going to prevail,” said Jebbia, adding that although the complexity of running Supreme has certainly grown and the company was still in the process of bringing its operations up to speed, he was still animated by the same principles that guided him at the company's start. “I don’t think of it any differently today than I did 20 years ago. We’ve still got to make great products that hopefully people like and sell well. All we can do is go on instinct.”
Additional reporting by Zoe Suen and Sam Gaskin.
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EVENT MANAGEMENT SOFTWARE INDUSTRY & TECHNOLOGICAL INNOVATION: MAJOR PLAYERS HITTING THE RESET BUTTON
This intelligence report provides a comprehensive analysis of the Global Event Management Software Market. This includes Investigation of past progress, ongoing market scenarios, and future prospects. Data True to market on the products, strategies and market share of leading companies of this particular market are mentioned. It’s a 360-degree overview of the global market’s competitive landscape. The report further predicts the size and valuation of the global market during the forecast period. Some of the key players profiled in the study are ACTIVE Network (United States), Aventri (United States), EventBank (United States), Arlo (New Zealand), Attendify (United States), Bizzabo (United States), Cvent (United States), Certain (United States), EventBooking (United States), Eventbrite (United States), Eventzilla (United States), Gather Technologies (United States), Hubb (United States), Hubilo (India), Meeting Evolution (United States), Regpack (United States), SignUpGenius (United States), Social Tables (United States), Ungerboeck Software (United States), Whova (United States) and XING Events (Germany)
Definition:
AdvanceMarket Analytics follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
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Each segment and sub-segment is analyzed in the research report. The competitive landscape of the market has been elaborated by studying a number of factors such as the best manufacturers, prices and revenues. Global Event Management Software Market is accessible to readers in a logical, wise format. Driving and restraining factors are listed in this study report to help you understand the positive and negative aspects in front of your business.
This study mainly helps understand which market segments or Region or Country they should focus in coming years to channelize their efforts and investments to maximize growth and profitability. The report presents the market competitive landscape and a consistent in depth analysis of the major vendor/key players in the market.
Furthermore, the years considered for the study are as follows:
Historical year – 2013-2017
Base year – 2018
Forecast period** – 2019 to 2025 [** unless otherwise stated]
**Moreover, it will also include the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product services of key players.
The Global Event Management Software segments and Market Data Break Down are illuminated below:
by Type (Venue management software, Event registration software, Ticketing software, Event planning software, Event marketing software, Analytics software, Others), End User (Event Organizers and Planners, Corporate, Education, Government, Others), Organization Size (Small and Medium-Sized Enterprises, Large Enterprises), Deployment (Cloud, On Premises), Component (Software, Service)
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Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.
Objectives of the Study
To Define, Describe, and Segment The Global Event Management Software Market On The Basis Of Type, Function, Application, And Region.
To provide detailed information regarding the major factors influencing the market growth (drivers, restraints, opportunities, and industry-specific challenges)
To estimate the size of the Global Event Management Software Market in terms of value.
To study the individual growth trends of the providers of Global Event Management Software Market, their future expansions, and analyze their contributions to the market
To strategically analyze micro-markets with respect to individual growth trends, future prospects, and contribution to the total market, covered by Global Event Management Software Market and various regions.
To track and analyze competitive developments such as joint ventures, mergers & acquisitions, and new product launches, in Global Event Management Software Market.
To strategically profile key market players and comprehensively analyze their market position and core competencies
For More Information and Customization: https://www.advancemarketanalytics.com/enquiry-before-buy/10151-global-event-management-software-market-1
Strategic Points Covered in Table of Content of Global Event Management Software Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Event Management Software market
Chapter 2: Exclusive Summary – the basic information of the Event Management Software Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges of the Event Management Software
Chapter 4: Presenting the Event Management Software Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region 2013-2018
Chapter 6: Evaluating the leading manufacturers of the Event Management Software market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries in these various regions.
Chapter 8& 9: Displaying the Appendix, Methodology and Data Source
Key questions answered
Who are the Leading key players and what are their Key Business plans in the Global Event Management Software market?
What are the key concerns of the five forces analysis of the Global Event Management Software market?
What are different prospects and threats faced by the dealers in the Global Event Management Software market?
What are the strengths and weaknesses of the key vendors?
Definitively, this report will give you an unmistakable perspective on every single reality of the market without a need to allude to some other research report or an information source. Our report will give all of you the realities about the past, present, and eventual fate of the concerned Market.
Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.
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Israel Company Registration
Israel company registration time is fast, procedures are simple, not only that, Israel trademark registration is also fast, Tannet also provides Southeast Asian company registration, bank account opening assistance, Tax Bureau registration, accounting and tax filing, import and export rights applications and other services. Welcome to consult the local Tannet at 86-21-68877368 or 18101649652(wechat)
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We go to the spa for miraculous products like mud packs and salt scrubs…
But with this MLM, you’ll get all of that at home.
Trouble is, you won’t save a dime doing it yourself.
Seacret Direct is a popular skincare network marketing company that was started in a mall kiosk in 2005.
You know those salespeople at mall kiosks who hound you every time you walk by practically begging you to let them scrub your hand with their miracle hand cream so that you, too, can experience the skincare wonders of the Dead Sea?
Welcome to Seacret Direct. They’re blowing the roof off of skincare MLMs, positioning their products as elite, spa-day products you need to feel good about yourself.
FAQ
1. What does Seacret Direct sell? Seacret Direct sells skincare made of Dead Sea minerals and the latest scientific technologies in skincare. They also sell nutrition products, beauty products, and hair care.
2. What are Seacret Direct’s most popular products? Seacret’s most popular products contain minerals from the Dead Sea, such as their M4 Mineral-Rich Magnetic Mud Mask and their Dead Sea Bath Salt. The Mud Mask pulls dirt and impurities away from your skill while leaving all the essential oils on your skin. The Bath Salt turns your bath into a relaxing spa experience that relaxes your muscles and rejuvenates your skin.
3. How much does it cost to join Seacret Direct? Join Seacret Direct and you become a Seacret Agent. Who doesn’t want that? To join, you’ll put out a $49 registration fee (which doesn’t make you active). To be active, you must close each week with 200 PV, have 4 active customers, or place a 35 BV order every 4 weeks. When you register, if you pay an additional $50 (for a total of $99), you’ll upgrade to the 5-in-5 Agent Kit. The compensation plan doesn’t explain the benefits of upgrading. Also, be aware, you’ll pay an annual fee of $49, due on the anniversary date of enrollment.
4. Is Seacret Direct a scam? No, it’s a legitimate business.
5. What is Seacret Direct’s BBB rating? A+
6. How long has Seacret Direct been in business? They became a direct selling company in 2011. Prior to that, they operated out of kiosks in malls across the country.
7. What is Seacret Direct’s revenue? $200 million
8. How many Seacret Direct distributors are there? 60,000
9. What lawsuits have been filed? In 2016, Seacret Spa sued Michelle Lee, defending its application for trademark. It was denied for being too similar to the deodorant, Secret. [1] In 2018, Khai Huynh, a Seacret Direct agent, sued Christina Nguyen, who runs a charity. He held a fundraising dinner, which was more successful than he expected, and failed to deliver all the donations. Nguyen accused him of misapplying the donations, and Khai sought relief in the Texas courts. [2, 3]
10. Comparable companies: Mary Kay, Nu Skin,
So should you get involved?
As far as the products go, the company seems legit. At least they’re doing something different.
But if it’s just the income opportunity that excites you, there are better options out there…
Click here for my #1 recommendation
Either way, here’s the full review on Seacret Direct.
Overview
Seacret may have started out as a mall kiosk — the only thing more annoying than MLM — but it worked for them. They pretty much started the Dead Sea craze in skincare and cosmetics back in 2005 when they opened shop in Phoenix, AZ.
Seacret Direct was founded and run by two brothers, Izhak Ben Shabat and Mordechai Ben Shabat. They’re really the quintessential American Dream story.
The brothers originally immigrated to the United States from Israel in 2000 for medical school, but, inspired by the entrepreneurial spirit of the U.S., they started dreaming about having their own company instead. The brothers tried everything from an ice cream truck to mall kiosks that sell children’s toys during the holidays that grossed over $4 million. [4]
But they really struck gold when they started selling their Dead Sea products, inspired by their homeland, in mall kiosks.
Within only 5 years they were global, with hundreds of outlets in almost 20 countries and were pushing over $500 million in sales since launch. [5] Some of their biggest markets are outside of the U.S. in places like Australia and Korea. [6]
Now they’re #72 on the Direct Selling News 2018 Global 100 List. [7] They’ve got an A+ rating with the BBB and 4.34 out of 5 stars for customer reviews, and they’ve been featured in Business Wire and Business2Community for their innovative marketing techniques. [8] [9]
Like any MLM, they have a few potentially fatal flaws. One of their biggest appears to be their management style and corporate culture. They’ve got a 2.1 employee rating on Glass Door and some of the worst employee reviews I’ve seen from people who worked at corporate.
According to reviews, former employees seem to agree that the upper-level management running the company is made up of people who are inexperienced, unrealistic, mean, unethical, and even abusive. One former employee goes so far as to recommend working there only “if you want to see what PTSD feels like.” [10]
Products
If it’s an MLM, it’s got to have a gimmicky ingredient from some far off land (hint: Monat or Senegence).
With Seacret Direct, it’s about as exotic and legendary as it gets: The Dead Sea.
According to the company, the Dead Sea contains 26 essential minerals, and 12 of those minerals don’t exist in any other ocean in the world. These 12 minerals provide benefits for relaxation, skin nourishment, and healing in ways that no other minerals can. [11]
They’ve got a whole drugstore worth of Dead Sea skincare products, from cleansers and exfoliators to moisturizers and nail products to masks and hand creams. Their skincare lines include…
Facial Solutions
Their line of facial care products includes facial soap and face wash, CC creams and cosmetic products, makeup remover, eye creams, and mud masks. They range from $17 for a bar of mud soap to a whopping $240 for a “mineral-rich magnetic mud mask.”
Body Solutions
This is their line of body care products, including body lotions, soaps, foot and hand creams, salt scrubs, and mud therapy products. The body products range from around $16-$50.
Age-Defying
Their line of age-defying products includes anti-aging serums, eye creams, and face masks. They range all the way up to $315.
Re-Cover
The Re-Cover line is only available in Canada, but according to Seacret Direct, it’s so popular that the delivery is backed up at least 14 days at all times. They claim that the product literally unfolds the wrinkles in your skin.
Compensation Plan
The starter kit is $49, which is reasonably affordable. Reps get 30% commission on personal sales, on average, which is less than more established MLMs like Arbonne (35%). [12]
Seacret Direct runs on a binary compensation plan and offers reps 5 ways to earn cash.
Retail Sales
Commission on personal sales ranges from 30%-150%, according to them, but basically, your commission rate is 30%. A little below average.
Preferred Customer Program
Preferred customers get a discount for ordering on monthly auto-ship, and distributors get 25% of their monthly auto-ship orders which means… passive residual income, every money chaser’s dream. This is the honeypot when it comes to the compensation plan, but landing preferred customers is not easy. Especially when their products are overpriced.
Team Commission
Team commission is the other big ticket item here. You can earn 10-15% on your lesser leg, or even more if you move up high enough in rank.
Leadership Check Match Bonus
This is the holy grail of all bonuses. It’s not easy to get, but if you hit it, you’ve hit the jackpot. If you become a Bronze Director, you get a percentage (up to 20%) of every other Bronze Director’s check in your downline sent to your bankroll.
Performance Bonus
These are your typical car bonuses, lifestyle bonuses, and rank advancement bonuses.
Recap
Overall, this is a pretty solid company. They’ve managed to really skyrocket their growth in just over a decade, and they seem to be here to stay.
Their products, while overpriced, are well-reviewed and established. Their commission rates are mediocre but they offer some really great bonuses.
That being said, those really great bonuses are only for the very, very special few who manage to get to the top.
Like most MLMs, there’s money to be made, but 99.9% of the people working here aren’t seeing it.
Look, I’ve been involved with network marketing for over ten years so I know what to look for when you consider a new opportunity.
After reviewing 200+ business opportunities and systems out there, here is the one I would recommend:
Click here for my #1 recommendation
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Sisram Medical Ltd Announces Revenue in First Half 2017 Increased by 12.9% to US$66.3 Million
Adjusted Net Profit Increased by 30.6% to US$13.3 Million
HONG KONG, Sept. 29, 2017 /PRNewswire/ -- Sisram Medical Ltd ("Sisram Med" or the "Company"; stock code: 1696.HK), a leading global provider of energy-based medical aesthetic treatment systems, listed on the Main Board of The Stock Exchange of Hong Kong Limited on September 19, 2017, became the first Israeli company to list in Hong Kong, marking a key milestone in the business development of the Group. Sisram Med yesterday announced its unaudited interim results for the six months ended June 30th, 2017 ("Period").
Six months ended June 30th, 2017
2017
2016
Change
US$'000
US$'000
Operating results
Revenue
66,288
58,725
+12.90%
Gross profit
36,087
30,493
+18.30%
Profit before tax
10,656
8,324
+28.00%
Profit for the period attributable to owners of the parent
7,818
5,701
+37.10%
Adjusted net profit
13,295
10,178
+30.60%
Profitability
Gross margin
54.40%
51.90%
+2.5%pts
Net profit margin
11.80%
10.50%
+1.3% pts
Adjusted net profit margin
20.10%
17.30%
+2.8% pts
During the first half of 2017, the Company continued to promote its various brands, increase market awareness and sales of its products as well as expand existing sales and distribution channels. At the same time, the Company continued to satisfy the evolving demands of treatment providers and treatment recipients by launching innovative products driven by our strengths in research and development. Benefitting from the launch of four new applicators and bolstered by the increased awareness and acceptance of medical aesthetic treatments, Sisram Med's business operations continued to perform well.
Helped greatly by growing revenues from sales of non-invasive medical aesthetic products, revenue from product sales during the period amounted to US$61.6 million, an increase of 14.8% compared to the corresponding period of 2016. Revenue from services and other amounted to US$4.7 million. The overall revenues of the Company increased by 12.9% compared to the corresponding period of 2016, reaching US$66.3 million. Due to steady business growth and further sales structure optimisation, the Company recorded adjusted net profits of US$13.3 million, which was a sharp increase of 30.6%. The adjusted net profit margin was 20.1%, a rise of 16.2%. During the period, the profitability and operational quality of the Company further improved. The net cash flow from operating activities amounted to US$9.3 million, an increase of 42.4% compared to the corresponding period of 2016.
The Company's products are categorised into non-invasive medical aesthetic products and minimally invasive products. Substantially all Sisram Med products are energy-based medical aesthetic treatment systems and ancillary products for use with the Company's treatment systems. The Company sells treatment systems in approximately 80 countries and jurisdictions worldwide and maintains a lean and efficient direct sales team and structure. which allows for more effective sales and marketing efforts. In the United States, Canada, Germany, Austria and India, the Company engages in direct sales to treatment providers. In other geographic markets, including the PRC and the rest of the Asia Pacific region, EMEA and Latin America, the Company sells products to distributors, who in turn sell to treatment providers.
Looking ahead in the second half of 2017, the Company is poised to expand its sales channels in the United States, Germany, and India as well as its distribution networks globally. Moreover, the Company intends to upgrade existing facilities or establish new service centres for its direct sales markets in India and Germany.
The Company boasts strong R&D capabilities that are focused on meeting the specific needs of treatment providers, using a systematic and user-oriented approach. During the period, the Company continued to focus on R&D activities with R&D expenses increasing by 38.4% to US$4.8 million from US$3.5 million during the corresponding period of 2016. R&D expenses primarily comprise remuneration to research and development team members, materials costs, and expenses related to regulatory compliance as well as registration of patents and trademarks. In the second half of 2017, Sisram Med will continue to focus on innovation and development, and strive to develop new strategic products. The Company also intends to develop greater analytical capabilities using cloud technology in its treatment systems which are linked to its information technology system. At the same time, the Company also intends to upgrade and remap its production lines to, among other things, enhance efficiency and increase throughput as well as strengthen its capabilities in developing and producing more advanced products as the latest technologies evolve.
Mr. Yi Liu, the Chairman and Executive Director, said, "Following our successful listing, we at Sisram Med expect to enhance our brand and business development across the PRC as well as attract new investors seeking investment opportunities in the medical devices sector. We feel that this will accelerate our development overall." Looking forward, Mr Liu added, "The Group will continue to remain committed to its mission of providing cost-effective and high-performance systems based on the very latest clinical research and cutting-edge technologies. To this end, we will also stay true to our corporate philosophy of 'Enhancing Quality of Life', and will endeavor to capture new opportunities that arise across expanding aesthetic and surgical markets, this will help us focus on developing strategies for organic growth, external expansion and integrated development, and will also bolster our efforts to acquire and integrate with other domestic and overseas quality aesthetic and surgical manufacturing companies. The Group also aims to further enhance its core competencies to improve overall operating results."
About Sisram Medical Ltd
Sisram Medical Ltd (stock code: 1696.HK) is a leading global provider of energy-based medical aesthetic treatment systems, with comprehensive in-house capability to design, develop and produce such systems, which often feature the Company's innovative and proprietary technologies. "Alma" brand, as well as the brands of many of the Company's products such as "Soprano", "Harmony", "Accent" and "FemiLift", are widely recognized and well regarded among treatment providers and treatment recipients internationally. The Company has also been the largest provider of energy-based medical aesthetic treatment systems in the PRC market and one of the leaders in the medical aesthetic treatment system market globally, in terms of revenue in 2016, according to the Medical Insight Report. The company sells its treatment systems in approximately 80 countries and jurisdictions worldwide. Sisram Med, incorporated in 2013 in Israel, is a non-wholly owned subsidiary of Fosun Pharma. Fosun Pharma is a leading healthcare group in China with businesses covering the whole healthcare industry chain.
For further information, please contact:
Ms. Keely Chan
+852 3150 6760
Ms. Briar Lui
+852 3150 6721
Ms. Angela Shi
+852 3150 6778
Ms. Hermione He
+852 3150 6702
Read this news on PR Newswire Asia website: Sisram Medical Ltd Announces Revenue in First Half 2017 Increased by 12.9% to US$66.3 Million
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