Puget Technologies (OTCBB: PUGE) announced today it is seeking to
identify strategic acquisitions that will expand its service offering of
third party logistics in order to strengthen the company’s position as a
service center provider for the IdeaWerk 3D printer. Puget is
specifically interested in companies with a strong presence in the
California, Colorado and Texas markets to complement the newly created
business division that is overseeing Puget’s North American operations.
“We see warranty service and returns management as a unique opportunity
in the market in a way that will set the bar for customer satisfaction
and boost the company’s bottom line,” said Gary Valentine, President and
CEO of Puget. “The expansion of this new division will allow Puget to
diversify our offerings in this space, while at the same time reducing
our own costs at each of the customer touch points in the process and
streamlining the entire customer journey.”
Puget, an emerging leader in the 3D space, has recently launched the
IdeaWerk high performance 3D printer for the U.S. consumer market
through its subsidiary, Weistek USA. The printer offers an impressive
line-up of quality features at an attractive introductory price point,
along with the industry’s first “Printer-to-PC” domestic customer
service plan.
The decision to bring a reverse logistics partner onboard comes in
preparation for supporting new product distributors, including
Amazon.com and other retailers, as part of the agreement signed with
Shenzhen Weistek Co., Ltd earlier this year, establishing Puget as the
exclusive service center for North America.
About Puget Technologies (PUGE)
Headquartered in Houston, Texas, Puget Technologies acquires, develops
and sells leading edge consumer oriented products ready for rapid
commercialization. Much of its resources are dedicated to research and
development in order to provide consumers with quality options while
meeting the expectations of its investors. Additional information about
Puget Technologies is found at http://www.pugettechinc.com.
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