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Tauriga Sciences, Inc. Receives Initial $54,000 Tauri-Gum Purchase Order from Major New York City Based DistributorNEW YORK, NY, March 18, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Tauriga Sciences, Inc. (OTCQB: TAUG) (“Tauriga” or the “Company”), engaged in building its business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities and equity investments, today announced that it received an initial $54,000 Tauri-Gum™ purchase order from a major New York City based distribution company (the “Distributor”). This purchase order is for a total of 6,000 individual Tauri-Gum™ blister packs or 600 retail boxes. Within the next few days, the Distributor will send a truck to Tauranga’s fulfillment facility and take possession of the above-mentioned product. The Distributor has a major presence throughout the New York City Metropolitan area (“NYC Metro area”) and generates annual revenue well in excess of $100,000,000.
The Company is currently negotiating a comprehensive 12-month distribution agreement with the above-referenced Distributor and believes that it will be successful in consummating this agreement (within the very near term). The Company’s first major corporate goal is to place Tauri-Gum™ in 300-500 select NYC Metro area stores, during the month of April 2019. Should the product prove to be successful in this first phase of its roll-out, the Company will allocate the requisite resources for additional expansion in NYC as well as the Northeastern United States. ABOUT: TAURIGA SCIENCES, INC. Tauriga Sciences, Inc. (TAUG) is engaged in building business through the development, distribution, and licensing of proprietary products as well as the evaluation of potential acquisition opportunities. One such opportunity on which the Company has acted, involves the Company having entered into the cannabidiol (or “CBD”) infused chewing gum product business, as more fully described above and in prior press releases. This CBD infused chewing gum product has been branded under the following name: Tauri-GumTM. See also our periodic reports filed by us with the SEC for a more complete description of our business and material agreements that we have entered into. Further, the Company continues to identify and evaluate additional potential opportunities to generate revenue, as well as shareholder value, and leverage its resources and expertise to build a diversified and sustainable business model. Please visit our corporate website at www.tauriga.com. In addition, on March 11, 2019, the Company announced the official launch of its E-Commerce site - as part of its Tauri-GumTM commercialization strategy. This site can be accessed by visiting the following URL address: www.taurigum.com Forward-Looking Statements Attachment Contact: CONTACT INFORMATION Tauriga Sciences, Inc. 555 Madison Avenue, 5th Floor New York, NY 10022 Chief Executive Officer Mr. Seth M. Shaw Email: [email protected] cell # (917) 796 9926 www.tauriga.com |