Ostin Technology Group Co. Secured New Purchase Orders Of Treadmill Screen Products; Officially Opens Douyin Store With Latest Smartwatch Products Now Available for Purchase
Portfolio Pulse from Benzinga Newsdesk
Ostin Technology Group Co. (NASDAQ:OST) has secured new purchase orders for nearly 5,000 treadmill screen products from a leading fitness equipment manufacturer in China. The company also announced the opening of its flagship Douyin store, where its M4 and GT8-PRO smartwatches are now available for purchase. The company plans to leverage Chinese short-video platforms to boost sales and expects to showcase its smartwatches on other platforms like Kuaishou and WeChat Channel within the year.
October 09, 2023 | 12:02 pm
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POSITIVE IMPACT
Ostin Technology Group's new purchase orders and the opening of its Douyin store could potentially boost its sales and market share. The company's strategy to leverage Chinese short-video platforms for marketing could also enhance its brand visibility and customer engagement.
The new purchase orders indicate a strong demand for Ostin's products, which could lead to increased sales and revenue. The opening of its Douyin store and the planned showcasing of its products on other platforms could enhance its brand visibility and customer reach, potentially leading to higher sales and market share. However, the actual impact would depend on the effectiveness of the company's marketing strategy and the market response to its products.
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