Shares of Slinger Bag Inc (OTCMKTS:SLBG) continued to trade higher on Monday and now up 15% in a week.
Market Reaction
On Monday, SLBG stock ended higher by 3.14% to $1.97 with more than 8.2k shares, compared to its average volume of 17.43K shares. The stock has moved within a range of $1.9300 – 2.0200 after opening trade at $1.94.
Slinger Expands Distribution in Latin America
Leading connected sports technology company, Slinger Bag Inc (OTCMKTS:SLBG) on December 6, 2021, announced a new distribution agreement with Brands Inc in Ecuador.
Established in 2014, BrandsInc has a mission of bringing a good experience to sports consumers and fans in India looking at buying products from global brands.
Possessing a robust understanding of the Ecuadorian tennis and sports market, it has helped in growing tennis brands in-country including Yonex, Gamma, Dunlop, and Diadem.
The sport is gaining popularity in the country with several talented players leaving for playing in the US.
BrandsInc CEO Bruce G Valle said that the company is thrilled about representing Slinger in its home country. Valle added that an event in Quito was hosted in November ensuring audience interest and attendance.
The CEO opined that there will be robust demand for the innovative ball launcher from tennis players in Ecuador.
Hosted by BrandsInc, The Slinger Bad event had Nicolas Lapentti (the former world No. 6 who reached the semifinals of the 1999 Australian Open).
Slinger CEO Mike Ballardie said that the company is keen on finding such partners and expanding its agreements throughout Latin America. He appreciated the commendable work done by BrandsInc with several tennis brands and its creative strategies.
Slinger Bag has gained importance as a sought-after consumer tech product in tennis, with sales in more than 65 countries and five continents.
