Aqua Bio Technology ASA: Skinteam Norge AS enters into new partnership

25.8.2023 12:56:17 CEST | Aqua Bio Technology ASA | Non-regulatory press
releases

Following Aqua Bio Technology ASA's ("ABT") acquisition of Skinteam Norge AS ("
Skinteam"), Skinteam has signed the first hairdressing salon Wow Frisør AS
("Wow"), which is located at Storbotn in Bergen. This comes after Wow for a
period of time has tested Skinteam's products and services. See website: Wow
Frisør | wowfrisor.no - https://wowfrisor.no/

 * Wow is a signing that starts an active autumn where we will invite in and
   sign several hairdressing salons. At the same time we will also sign more
   skincaresalons in the near future, says Per Egil Borge, chairman of Skinteam.

About Skinteam:
Skinteam is a retail chain that targets independent skincare and hairdressing
salons with "one stop shop" solutions. Skinteam offers a fully integrated
operating system for independent salons: white-label online store, membership
club, sales training, product training, advertising, AI app and high-quality
products. Skinteam was built up by the SATS founders Per Egil Borge and Bjørn
Sigurd Johansen. Skinteam offers independent salons a range of services,
enabling them to improve profitability without Skinteam assuming risk on the
salons' operational side.

All affiliated salons undertake to have Skinteam as the main supplier of
products, where approx 80% of sales over the counter and 100% of professional
products used in treatment are purchased from Skinteam. All income is channeled
through Skinteam centrally and paid to the partner salons in arrears enabling
Skinteam to capitalize on the growth in line with the salons' results, while
taking limited liquidity risks.

Skinteam today has more than 1,000 paying members according to the model that
was developed in SATS. The memberships are either basic memberships or
memberships that include monthly treatments - at a higher price. All memberships
have a commitment period of 12 months, and are used across the verticals. The
membership club gives Skinteam and the partner salons higher income and in
addition provides recurring income.

 ***

For further information, please contact CEO Håvard Lindstrøm mobile phone +47
941 32 288.

 

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skincare products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skincare products developed by partners towards consumers and
professional users. ABT's focus on commercialization and development of natural
ingredients and natural skincare products has been, and will continue to be, an
important part of the Company's strategy going forward. Aqua Bio Technology is
listed on the Euronext Expand market of the Oslo Stock Exchange.

 

 

DISCLOSURE REGULATION

This information is subject of the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.

CONTACTS

 * Håvard Lindstrøm, 004794132288, hl@aquabiotech.no 

ABOUT AQUA BIO TECHNOLOGY ASA

Aqua Bio Technology (ABT) is developing and commercializing sustainable
biotechnology for use in skin care products. ABT's cosmetics ingredients are
highly effective and they provide the cosmetics industry with natural
alternatives to traditional ingredients. ABT is also marketing and distributing
natural skin care products developed by partners towards consumers and
professional users. Aqua Bio Technology is listed on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-files/17847556/2570/3582/Download%20announcement
%20as%20PDF.pdf

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