Deepverge PLC (AIM: DVRG) 82% of Skin Trust Club members purchase via App

Skin Trust Club continues rapid growth

10 leading skincare manufacturers join the Skin Trust Club Marketplace platform

82% of Skin Trust Club members purchase skincare products via App

DeepVerge (LSE:DVRG.L) consumer skin test subsidiary brand Skin Trust Club announces significant growth of the platform with leading skincare manufacturers enlisted on the Skin Trust App marketplace to sell their skincare product catalogues since mid-January. TULA Skincare, Aurelia London, Gallinée Microbiome Skincare, Plantkos, ESSE, High Beauty, Nunaïa, BE+Radiance, Better For You Wellness and DERMALA have all joined the Skin Trust Club App marketplace.

In addition, over the last four months, 23 Labskin clients have contracted to have their products tested, many of which are expected to be added to the Skin Trust Club App marketplace.

● Skin Trust Club – Generating Multiple Revenue Streams:

Skin Trust Club has over 30,000 data test samples, which is the largest skin microbiome database in the world.

o Since the marketplace service opened in January, 82% of club members (around 1,500) who received Home Test Kit results have subsequently purchased recommended skincare products for their skin via the Skin Trust Club App.

o Beauty and skincare social media influencers have begun promotions, generating thousands of new orders in the last two weeks.

o Club members are now purchasing follow-on Home Test Kit Plans at £170 for two tests.

o Home Test processing capacity is 20,000 per month in each of the UK, Ireland and US laboratories with more gene sequencing equipment being installed in the US laboratories in Q2.

Gerard Brandon, CEO of DeepVerge, comments:

“Since mid-January, Skin Trust Club members have begun to utilise skincare products recommended for their personalised daily skincare routines by our home testing kits, purchased through the Skin Trust Club marketplace service. This new in-app and web-based sales channel promotes skincare manufacturers, Labskin partners and consumer test clients, generating wholesale revenue for Labskin on products sold through this marketplace platform. With the rapid growth across this entirely new skin and healthcare sales platform, social media influencers facilitating momentum and leading skincare manufacturers joining the marketplace service, Skin Trust Club is now firmly established and looks set for a strong year ahead.”

TULA Skincare CEO, Savannah Sachs, comments :

“As a doctor founded prestige skincare brand with an innovative approach to skincare, we look forward to working with Skin Trust Club. By harnessing the power of probiotic extracts and superfood ingredients we are excited to offer clean, clinical, and effective product recommendations that will best meet the individual skincare needs of Skin Trust Club’s customers so that they can feel their most confident.”

For further information please contact:

DeepVerge plc

Gerard Brandon, CEO

+44 (0) 7340 055 648


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