VERUS INTERNATIONAL ANNOUNCES PROTECTIVE SUPPLY ORDER AND NAMES NEW PRESIDENT OF MEDICAL SUPPLY DIVISION
VERUS INTL INC (VRUS)
Company Research
Source: GlobeNewswire
Gaithersburg, MD, April 24, 2020 (GLOBE NEWSWIRE) -- Verus International, Inc. (“Verus” or the “Company”) (OTCQB: VRUS)) is pleased to announce this update on its new medical supply division. The Company has finalized its first order, a $820,000 (USD) agreement for disposable medical gowns for a Danish customer. As it is customary with large production orders to receive an upfront deposit of at least 20% of the order total, the Company received a 30% deposit for this order. This initial order could expand into additional and larger orders in the future. As part of the master plan to manufacture and develop a complete line of protective medical supplies, Verus is organizing its new medical division under the Verus Cares name. The Company has named Anders Gratte as President of the new division. As a co-owner of the Top Apparel Manufacturing (TAM) transaction, Mr. Gratte has significant experience with manufacturing and sales in the division’s target markets. His international experi
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