Atlanta, Georgia, August 31, 2016 – Luvu Brands, Inc., (OTCQB: LUVU), a manufacturer and marketer of premium consumer brands in the wellness, lifestyle and fashion seating categories, today announced the expansion of its manufacturing capacity with the purchase of a compress and roll pack machine.
The new equipment is expected to be delivered before the end of calendar 2016 and will significantly increase the throughput of its compressed foam consumer products. Compression times on certain products will be reduced by as much as 90% which should yield lower production costs and improved gross profit margins.
Louis Friedman, President and CEO of Luvu Brands said “the compress and roll pack equipment is the next step in the evolution of our compressed packaging. Since we first introduced our Liberator Eco-Packaging in fiscal 2013, we have continued to look for ways to make the compression process more efficient. The new compress and roll pack machine will lower our labor costs and increase our production capacity to keep pace with increasing demand for our compressed products.”
About Luvu Brands
Luvu Brands, Inc. designs, manufactures, licenses, and markets a portfolio of premium consumer lifestyle brands including sexual wellness, fashion seating and furniture, and home essentials.
The Company is headquartered in Atlanta, Georgia in a 140,000 square foot vertically-integrated manufacturing facility that employs over 150 people. Bringing manufacturing back to the USA, sustainable manufacturing practices, and decreasing the overall impact on the environment are core to the Company’s operating principles.
Luvu Brands promotes its products in a variety of consumer categories to retailers, wholesalers, and distributors in the United States and globally. The Company’s brand sites include: liberator.com, jaxxliving.com, avanacomfort.com plus other global e-commerce sites. For more information about Luvu Brands, please visit luvubrands.com.
Luvu Brands, Inc.
Chief Financial Officer