Australian natural skin care company, Skin Elements Limited (ASX: SKN) has successfully finalised the formulation of the Invisi Shield(R) Natural product and the first production run at its Perth facility in Western Australia is currently underway.
Moreover, the Company is also carrying out the Independent laboratory testing against COVID-19 surrogate of Invisi Shield(R) Naturals, results awaited.
March Quarterly Activity Report indicated the global opportunities for its various products. Covid-19 has shifted the sales online. During the quarter, the Company with Custodian Australia Pty Ltd secured a $1 million pre-factoring financing facility. Cash and cash equivalents at the quarter-end was $527,000.
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