Hour Loop, Inc. to Ring Nasdaq Closing Bell
27 Janvier 2022 - 2:00PM
Hour Loop, Inc. (NASDAQ: HOUR) (“Hour Loop”), a leading online
retailer, today announced that management will participate in a
closing bell ceremony at the Nasdaq Stock Market on Friday, January
28, 2022 at 3:45 p.m. to 4:00 p.m. ET, in celebration of its recent
listing on January 6, 2022. Sam Lai, CEO, will ring the Closing
Bell alongside members of Hour Loop’s team.
“Ringing the opening bell at the Nasdaq is
a significant milestone in the history of Hour Loop,” said Mr. Lai.
“I want to thank our dedicated employees for their commitment that
has made this event possible. We are excited about our bright
future ahead and look forward to executing on our strategy to drive
growth and deliver value for shareholders.”
The bell ringing event can be viewed on the
Nasdaq live stream here.
A replay of the ceremony will be available at a
later date on the Hour Loop investor relations website at:
https://ir.hourloop.com.
About Hour Loop, Inc.Hour Loop
is an online retailer engaged in e-commerce retailing in the U.S.
market. It has operated as a third-party seller on www.amazon.com
and has sold merchandise on its website at www.hourloop.com since
2013. The Company expanded its operations to www.walmart.com in
October 2020. To date, the Company has generated practically all of
its revenue as a third-party seller on www.amazon.com and only a
negligible amount of revenue from its own website and Walmart. Hour
Loop manages more than 100,000 stock-keeping units (“SKUs”).
Product categories include home/garden décor, toys, kitchenware,
apparels, and electronics. The Company's primary strategy is to
bring most of its vendors product selections to the customers. It
has advanced software that assists the Company in identifying
product gaps so it can keep such products in stock year-round
including the entirety of the last quarter (holiday season) of the
calendar year. In upcoming years, Hour Loop plans to expand its
business rapidly by increasing the number of business managers,
vendors and SKUs.
Forward-Looking StatementsThis
press release contains statements that constitute "forward-looking
statements," including with respect to the Company's business
strategy, product development and industry trends. No assurance can
be given that the offering will be completed on the terms
described, or at all. Forward-looking statements are subject to
numerous conditions, many of which are beyond the control of the
Company. While the Company believes these forward-looking
statements are reasonable, undue reliance should not be placed on
any such forward-looking statements, which are based on information
available to the Company on the date of this release. These
forward-looking statements are based upon current estimates and
assumptions and are subject to various risks and uncertainties,
including, without limitation, those set forth in the Company's
filings with the Securities and Exchange Commission, as the same
may be updated from time to time. Thus, actual results could be
materially different. The Company undertakes no obligation to
update these statements whether as a result of new information,
future events or otherwise, after the date of this release, except
as required by law.
ContactInvestor RelationsAlex
Thompson, Greg RoblesGateway Group, Inc.(949)
574-3860hourloop@gatewayir.com
Hour Loop (NASDAQ:HOUR)
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