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The Company
Company World Excellent Products S.A.
Founded 24.05.2011
Accounting Standard Financial Statements prepared based on the Greek Accounting Standards (GAS)
and audited based on the International Standards on Auditing (ISAs)
End of Business Year December 31st
Management Christos Koves CEO
Giorgos Petronikolos COO
Anastasios Georgiadis (Legal Advisor)
The Stock
Total Shares : 2351590
ISIN : GRS519001002
WKN : A21M6Q
FISN : WEP/REG SHS
CFI-Code : ESVUFR
Local Code : WEP
Capital Stock : 705.477 €
Nominal Value : 0,30 €
Stock Exchange : Wiener Borse
Market Segment : Vienna MTF Direct Market
Capital Market Coach : Keswick Global AG
Specialist : ICF Bank AG
Financial Reports
Audited Accounts 2016
Audited Accounts 2017
Audited Accounts 2018
Audited – Capital Increase 2019
Audited Accounts 2019
Financial Calendar
General Assembly (May 2020) – Invitation to Shareholders
Market News

World Excellent Products S.A. – Execution of a capital increase to speed up expansion

Thessaloniki, November 12th 2019 – Herewith, World Excellent Products S.A. (ISIN GRS519001002) announces the execution of a capital increase. To speed up the international expansion – mainly into its target markets USA, Canada, United Kingdom and Germany, the management of the issuer resolved a capital increase that will increase the social capital of the company from currently 2.351.590 registered shares by 23.260 registered shares to 2.374.850 registered shares. The price per share of this capital increase is EUR 21,50. Thus, the company will receive funds in the amount of EUR 500.090.

The basic goals for WEP is to increase marketing intensity via expo participation and social media utilization. Moreover, the company’s target is to invest in brand visibility and awareness, while surging sales and market penetration. WEP’s goal is to increase its sales by 40% in these target markets until June 2020.

Moreover, the company will be investing in new product additions to its current portfolio of Extra Virgin Olive Oil and Balsamic Vinegar. The main focus for developing new products is on honey, truffle and tomato products.

About World Excellent Products S.A. (WEP):
WEP is a company that deals with the standardization and export of high-quality, healthy and nutritionally high-quality foods. Thereby, the expansion of the current product portfolio with other products, which are mainly produced in the Greek market, is the main target. Currently, the high- quality olive oil “5olive” belongs to the lead products of the company. The first stage of the new products consists of honey, spices and tomato products. In addition, products that are produced in other countries should be included in the product mix. The basic prerequisite here is always that all products that are included in the WEP portfolio offer “top quality” and a real “added value” for consumers.

Corporate/MAR News

Announcement of major new distribution agreement

World Excellent Products S.A. announces the commencement of its partnership with CC°EU/Colorful Concepts & Angel and Companies Finance LTD. The partnership includes representation and distribution of the company’s “FIVE” product lines to major markets, including but not limited to the Canada, Russia, United Kingdom, France, Scandinavia, Italy and Spain. The agreement runs for an initial period of 3 years with a bilateral option to renew.  

 

Ioannis Sompolos, WEP Global Sales Manager commented: “Teaming up with the talented and experienced group of professionals of CC°EU/Colorful Concepts & Angel and Companies Finance LTD is only the beginning for widespread distribution and new sales channels for the company’s exclusive “FIVE” Extra Virgin Olive Oil and Balsamic Vinegar products. We are looking forward to delivering great results with the help of CC°EU/Colorful Concepts & Angel and Companies Finance LTD and its team of highly skilled and qualified experts.” 

 

Fabienne Mortier of Angel & Companies Finance Ltd comments: “We feel extremely honoured to start this important distribution mission for ‘FIVE’ and its amazing product-lines. 

We think the way ‘FIVE’ product-lines have been created and designed, with their various selections of top-quality olive oils and the intriguing wine vinegar line, explains all the winning aspects to its huge success. ‘FIVE’ for us is what the perfect gift should be.  

 

Guided by our knowledge gained over 24 years of experience in the business of marketing and distribution, it is our great mission to guide ‘FIVE’ to the top of its potential with a premium world-wide branding and product-positioning. Thank you, FIVE team for your partnership and trust in our collaboration together.” 

 

THE DIRECTORS OF WORLD EXCELLENT PRODUCTS S.A. ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT 

 

Further Enquiries:  

 

World Excellent Products S.A. 

Ioannis Sompolos 

i.sompolos@wep-sa.com+30 2310 751 379 

 

Keswick Global AG (Capital Market Coach) 

info@keswickglobal.com  +43 1 740 408045  

 

The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014. 

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Driven by passion

World Excellent Products S.A. (WEP) is a Greek holding company for the exclusive 5 Olive Oil Products.
Our company stands for the highest quality olive oil products and the utmost level of professional and business integrity, along with ultimate customer satisfaction.

Our promise resides in every single drop of 5 Olive Oil by:

– Supplying Highest Quality Premium Greek Extra Virgin Olive Oil
– Employing Unprecedented Packaging Design
– Offering Luxury, Healthy, High Nutritional Value Products
– Applying an Enviroment Friendly Approach and Using Recyclabe Materials
– Upholding the Highest Business Standards

World Excellent Products S.A. is a company driven by passion for excellence in gastronomy, committed to deliver unique products. The idea was born by a group of inspirational people that shared a common devotion to quality and innovation. They had the ambition of creating one of the finest premium olive oil brands, with sensational packaging layout and excellent product quality. Handling out an impressive design item along with the unrestrained symbolization of olive oil.

5 Olive Oil, is a premium line of products, from some of the absolute best olive crops in the Mediterranean. 5 Olive Oil’s well-balanced, fruity taste and low acidity is a result of its regional origin in Peloponnese, Greece and its extraction from Koroneiki olives, the best variety available, as well as the highest quality standards maintained throughout the cultivation, harvesting, pressing, storage and bottling process. We have established a food safety management system that is in conformance with the principles of HACCP and Food Management System Standard EN ISO 22000:2005.

Our Premium Greek Extra Virgin Olive Oil is of the Highest Quality

ORGANIC PRODUCTS CERTIFICATION

Our company has been certified according to the principles of the European Regulations (EC) 834/2007. (EC) 889/2008 for the trading of Organic Extra Virgin Olive Oil.

PROTECTED DESIGNATION OF ORIGIN (P.D.O.) CERTIFICATE

Our company has been certified by the Hellenic Agricultural Organization (Agrocert) in compliance with the Standards of REG EC 510/2006 for the trading of Finiki Lakonias P. D. O. Extra Virgin Olive Oil.

FDA CERTIFICATE OF REGISTRATION

WEP S.A. is registered with the U.S. Food and Drug Administration pursuant to the Federal Food Drug and Cosmetic Act as amended by the Bioterrorism Act of 2002 and the FDA Food Safety Modernization Act.

SWAROVSKI ELEMENTS CERTIFICATION

Five Unique Extra Virgin Olive Oil with branding ID number 1840243 is a branding partner of Swarovski and has the right to distribure their MADE WITH SWAROVSKI ELEMENTS products worldwide.

You are free to judge this book by its cover

5 Olive Oil was awarded at the 2012 Pentawards, the worldwide competition exclusively devoted to packaging design. “5” won a Gold Pentaward in Paris at the Luxury category for gourmet food productions. In addition to that 5 Olive Oil was awarded over the international jury of experts at the 2012 Red Dot awards in the category of communication design.

In the same year 5 Olive Oil was awarded with the silver award of ED Awards in Helsinki, the European compatition exclusively devoted to packaging design. More specifically “5” won a Silver ED Award at the category of Packaging Food & Beverages, at the same time “5” won the first place winner in the Food B category of the 2012 Dieline Package Design Awards, the worldwide competition devoted exclusively to the art of brand packaging.

The lates distinction was at the New York International Olive Oil competition where 5 Olive Oil was awarded as the best olive oil package design for 2013.

DESIGN AWARDS

Under the marketing direction of 5 Olive Oil team and the creative direction of Designers United, we have reached a total of four worldwide awards for 2012, the golden award of Pentawards, a Red Dot Design Award winner of 2012, the silver award of European Design Awards and finally the package design awards of Los Angeles, the Dieline Awards.

FIVE Olive Oil partners
and distributors worldwide

Alphafoods SPRL
Belgium

Amazon
USA

Bagatelle Restaurants
New York – London – Ibiza – St.Tropez – Courchevel

Cook and Nelson
New Zealand

Daejin Corporation
South Korea

DELISET Gourmetwelt
Germany

Elenianna
Greece

Ergon
Greece

Euro Mediterranean Foods
Canada

Feinsinn
Germany

Freshcream
Japan

Hellenic Farms
USA

igourmet.com
USA

Nectar wines
Belgium

Okotaste
Denmark

SAS Group LLC
Armenia

Selfridges
United Kingdom

Kaviar – Sepher Dad
Germany

Smyrliadis
Switzerland

Touch of Modern
USA

Zerres & Co GmbH
Germany

The Company
Company World Excellent Products S.A.
Founded 24.05.2011
Accounting Standard Financial Statements prepared based on the Greek Accounting Standards (GAS)
and audited based on the International Standards on Auditing (ISAs)
End of Business Year December 31st
Management Christos Koves CEO
Giorgos Petronikolos COO
Anastasios Georgiadis (Legal Advisor)
The Stock
Total Shares : 2351590
ISIN : GRS519001002
WKN : A21M6Q
FISN : WEP/REG SHS
CFI-Code : ESVUFR
Local Code : WEP
Capital Stock : 705.477 €
Nominal Value : 0,30 €
Stock Exchange : Wiener Borse
Market Segment : Vienna MTF Direct Market
Capital Market Coach : Keswick Global AG
Specialist : ICF Bank AG
Financial Reports
Audited Accounts 2016
Audited Accounts 2017
Audited Accounts 2018
Audited – Capital Increase 2019
Audited Accounts 2019
Financial Calendar
General Assembly (May 2020) – Invitation to Shareholders
Market News

World Excellent Products S.A. – Execution of a capital increase to speed up expansion

Thessaloniki, November 12th 2019 – Herewith, World Excellent Products S.A. (ISIN GRS519001002) announces the execution of a capital increase. To speed up the international expansion – mainly into its target markets USA, Canada, United Kingdom and Germany, the management of the issuer resolved a capital increase that will increase the social capital of the company from currently 2.351.590 registered shares by 23.260 registered shares to 2.374.850 registered shares. The price per share of this capital increase is EUR 21,50. Thus, the company will receive funds in the amount of EUR 500.090.

The basic goals for WEP is to increase marketing intensity via expo participation and social media utilization. Moreover, the company’s target is to invest in brand visibility and awareness, while surging sales and market penetration. WEP’s goal is to increase its sales by 40% in these target markets until June 2020.

Moreover, the company will be investing in new product additions to its current portfolio of Extra Virgin Olive Oil and Balsamic Vinegar. The main focus for developing new products is on honey, truffle and tomato products.

About World Excellent Products S.A. (WEP):
WEP is a company that deals with the standardization and export of high-quality, healthy and nutritionally high-quality foods. Thereby, the expansion of the current product portfolio with other products, which are mainly produced in the Greek market, is the main target. Currently, the high- quality olive oil “5olive” belongs to the lead products of the company. The first stage of the new products consists of honey, spices and tomato products. In addition, products that are produced in other countries should be included in the product mix. The basic prerequisite here is always that all products that are included in the WEP portfolio offer “top quality” and a real “added value” for consumers.

Corporate/MAR News

Announcement of major new distribution agreement

World Excellent Products S.A. announces the commencement of its partnership with CC°EU/Colorful Concepts & Angel and Companies Finance LTD. The partnership includes representation and distribution of the company’s “FIVE” product lines to major markets, including but not limited to the Canada, Russia, United Kingdom, France, Scandinavia, Italy and Spain. The agreement runs for an initial period of 3 years with a bilateral option to renew.  

 

Ioannis Sompolos, WEP Global Sales Manager commented: “Teaming up with the talented and experienced group of professionals of CC°EU/Colorful Concepts & Angel and Companies Finance LTD is only the beginning for widespread distribution and new sales channels for the company’s exclusive “FIVE” Extra Virgin Olive Oil and Balsamic Vinegar products. We are looking forward to delivering great results with the help of CC°EU/Colorful Concepts & Angel and Companies Finance LTD and its team of highly skilled and qualified experts.” 

 

Fabienne Mortier of Angel & Companies Finance Ltd comments: “We feel extremely honoured to start this important distribution mission for ‘FIVE’ and its amazing product-lines. 

We think the way ‘FIVE’ product-lines have been created and designed, with their various selections of top-quality olive oils and the intriguing wine vinegar line, explains all the winning aspects to its huge success. ‘FIVE’ for us is what the perfect gift should be.  

 

Guided by our knowledge gained over 24 years of experience in the business of marketing and distribution, it is our great mission to guide ‘FIVE’ to the top of its potential with a premium world-wide branding and product-positioning. Thank you, FIVE team for your partnership and trust in our collaboration together.” 

 

THE DIRECTORS OF WORLD EXCELLENT PRODUCTS S.A. ACCEPT RESPONSIBILITY FOR THE CONTENTS OF THIS ANNOUNCEMENT 

 

Further Enquiries:  

 

World Excellent Products S.A. 

Ioannis Sompolos 

i.sompolos@wep-sa.com+30 2310 751 379 

 

Keswick Global AG (Capital Market Coach) 

info@keswickglobal.com  +43 1 740 408045  

 

The information communicated in this announcement is “inside information” for the purposes of article 7 of the Market Abuse Regulation 596/2014. 

wep-sa logo