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|WestBond To Produce Disinfectant Wipes|
|May 26th 2020|
|Delta, BC - WestBond Enterprises Corporation (TSX-V: WBE)
is pleased to announce that its wholly owned subsidiary, WestBond Industries Inc. has been issued a DIN (Drug Identification Number) by Health Canada to produce wet disinfectant wipes. These surface wipes will be marketed under WestBond's trademark VIROBAN PLUS.
The company already produces dry patient wipes for the healthcare industry and recognized the need for adding wet wipes to its product line. The manufacturing equipment was purchased over the last year and is now being tested after all the regulatory requirements were satisfied regarding the disinfectant formulation and product claims.
Production and sales are planned for late July of this year. The company expects to significantly increase sales and profits due to the high demand for these wiping products in light of the COVID19 situation. As a result of the resources that are already in place and other equipment that is on its way, the supply chain for all raw materials will be mainly based in BC. This should ensure there is little or no interruption to the finished product inventories.
WestBond already has a distribution network of major medical distributors as well as some government agencies that will facilitate a fast market penetration of VIROBAN PLUS. In addition, this new project is expected to create upwards of 20 full time positions at the company's Delta, BC operation.
This product introduction will be the first phase of re focusing the company's efforts toward expanding its core business in the Healthcare market.
The board of directors has suspended the quarterly dividend to ensure an efficient and timely completion of the project.
For further information please contact:
Chief Executive Officer, President and Director
WestBond Enterprises Corporation
101 - 7403 Progress Way, Delta, B.C. V4G 1E7
Tel: (604) 940-3939