HIT Technologies, Inc. (TSXV: HIT) is engaged within the design, manufacture, and sale of innovative protective mobile phone cases. The company operates under the brand HITCASE. Shares of the protective mobile phone case maker surged 60% during trading on Tuesday, October 9, 2018. Over the past three months, HIT Technologies, Inc. has seen average daily volume of 257,919 shares. However, volume of 7.55 million shares or dollar volume of C$302,000, exchanged hands on Tuesday.
Shares of HIT Technologies soared on Tuesday, after the company announced that its HITCASE Shield LINK waterproof protective cases for the iPhone 7/7 Plus and 8/8 Plus will now be available across 1,000 Best Buy Co., Inc. (NYSE: BBY) stores across the United States. The company noted that it had tested the product across 377 Best Buy stores in July 2018. After a successful test period, Best Buy will now carry the product in 623 additional locations for a grand total of 1,000 retail stores. Here is the full press release detailing of the retail expansion:
HIT Technologies, Inc. Press Release:
VANCOUVER, British Columbia, Oct. 09, 2018 (GLOBE NEWSWIRE) — HITCASE, HIT Technologies Inc. (TSX-V:HIT) (“HIT” or the “Company”), announced today that their HITCASE Shield LINK waterproof protective case for iPhone 7/7 Plus and 8/8 Plus will now be available in 1,000 Best Buy retail locations across the USA, following the successful July 2018 launch in 377 stores. HITCASE Shield LINK is the world’s thinnest, magnetic waterproof iPhone case. HIT Technologies Inc. designs, develops, manufactures and distributes the world’s most advanced adventure products for iPhone.
“We are pleased to bring this distinctive product offering to an additional 623 Best Buy retail locations, making it available in a total of 1,000 retail locations throughout the USA,” commented Brooks Bergreen, founder and CEO of HITCASE. “The Shield LINK offers a sleek and protective design with the flexibility of two screen protectors: one for water protection and one for everyday. We believe this truly innovative product stands out for the consumer, reflected in our retail store expansion with Best Buy USA.”
HITCASE Shield LINK
The HITCASE Shield LINK offers complete and total IP68 waterproof and tough MIL-SPEC drop-proof protection with no compromise on sound quality for your iPhone. It is the only protective case to offer two replaceable screen protective covers: Air Shield for everyday use, and Aqua Shield, for waterproof screen protection. A key feature is its simple magnetic mounting system: snap on one of six magnetic LINK™ mounts or one of three TrueLUX® Lenses for the perfect shot. HITCASE Shield LINK is offered at $89.99 USD.
Shield LINK Highlights:
- High-quality design made of premium lightweight aluminum
- IP68 Waterproof rating to 10 feet / 3 meters
- MIL-SPEC shock rating to 10 feet / 3 meters
- Two replaceable screen protection seals with total defense from water, dirt, snow and drops (Air Shield and Aqua Shield)
- Compatible with wireless charging
- Easy in and out with HITCASE Shockseal Technology
- Transparent design gets you closer to your iPhone
- An optional mounting plate for magnetic Link Mount System
- Magnetic waterproof lens system with precision-grade optical glass. Seamlessly attach, remove and swap between three TrueLUX lens options: Superwide, Wide and Macro
- 30-day money back guarantee
- 1-year limited product warranty
About HIT Technologies Inc.
HIT Technologies, Inc. (TSX-V:HIT), headquartered in Vancouver, British Columbia, Canada, under the brand HITCASE, designs and manufactures the world’s most innovative iPhone protectives and mobile accessories. Using innovative technologies and quality materials, HITCASE is an industry leader in mobile protection, changing the way consumers use their iPhone. Find out more at hitcase.com and follow @hitcase.
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This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about the Company’s anticipated use of available funds, and the future plans and objectives of the Company are forward-looking information.
Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.
This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, global economic climate; dilution; the Company’s limited operating history; future capital needs and uncertainty of additional financing; the competitive nature of the industry; currency exchange risks; the need for the Company to manage its planned growth and expansion; the effects of product development and need for continued technology change; protection of proprietary rights; the effect of government regulation and compliance on the Company and the industry; network security risks; the ability of the Company to maintain properly working systems; theft and risk of physical harm to personnel; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; and volatile securities markets impacting security pricing unrelated to operating performance. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.