CIMG Inc. is a Nevada-incorporated public company transitioning from a coffee business to a leader in maca-based health and wellness products with exclusive distribution rights in Asia, around 17 employees, and revenue of approximately $1.93 million in 2024.

# Company Summary – CIMG Inc.

## Business Overview
- **Type:** Public company incorporated in Nevada, listed on Nasdaq under ticker **"IMG"**
- **History:** Originally known as NuZee, Inc., changed name and ticker in October 2024
- **Focus Transition:** From specialty coffee and related technologies to expanding sales of maca-based health and wellness products in Asia

## Core Business Activities
- **Product Development & Distribution:**
  - Sourced, marketed, and sold maca-derived dietary supplements, functional foods, and beauty products
  - Focuses on high-quality, sustainably sourced maca products
- **Product Lines:**
  - **Maca Series:** Includes Maca Peptide Coffee, Maca-Noni, Maca Wine, Maca Purified Powder
  - These contain maca green purification factors, emphasizing natural and clean composition
  - **Main Markets:** Asia (mainly China and Southeast Asia), with distribution via wholesale channels (grocery stores, convenience stores, vending machines)
  - **Sales Channels:** Both online and offline retail, with plans to expand into retail services and digital marketing

## Market & Distribution
- **Key Markets:** Hong Kong, China, other parts of Asia
- **Customers:** Primarily wholesale distributors such as grocery stores, convenience stores, and vending machine operators
- **Distribution Rights:** Exclusive rights to maca products produced by Jiangsu Kangduoyuan Beverage Co., Ltd.

## Employees & Operations
- **Employees (as of September 30, 2024):**
  - United States: 1 employee
  - Hong Kong: 4 employees
  - Mainland China: 12 employees
  - **Total:** 17 full-time employees
- **Office Locations:**
  - **Hong Kong:** Room R2, FTY D, Kin Ga Industrial Building, Tuen Mun
  - **U.S.:** Florida (Delray Beach)
  - **China:** Beijing, with leased facilities expiring in December 2025
  
## Financial Highlights
- **2024 Revenue:** ~$1.93 million
- **2023 Revenue:** ~$1.76 million  
- **Change in Revenue:** +9.80% (year-over-year)
- **Gross Margin (2024):** 1.69% (improved from -10.71% in 2023)
- **Cost of Sales (2024):** ~$1.90 million
- **Net Loss (2024):** ~$8.97 million (slight increase from ~$8.75 million in 2023)
- **Assets & Capital:**
  - **Cash (as of September 30, 2024):** ~$460,000
  - **Stockholders’ equity (as of latest filings):** Below Nasdaq minimum requirement (exact amount not specified)
  - **Outstanding Shares (as of July 2, 2025):** 36,397,418 shares

## Notable Developments & Strategy
- **2024 Focus:**
  - Launch of health-oriented maca product series
  - Moving away from contract coffee packaging to focus on maca products
- **Distribution Rights:**
  - Exclusive rights to maca products in Asia from Jiangsu Kangduoyuan Beverage Co., Ltd.
- **Growth Plans:**
  - Expand product offerings
  - Catalyze geographic expansion, especially in Asia and potentially into North America and Europe
  - Strengthen brand awareness through digital marketing 
  - Increase distribution channels, including retail and online platforms
  
## Risks & Regulatory
- Operations in China subject to extensive regulatory environment and risks related to data security, cybersecurity reviews, and government approvals
- Company has experienced Nasdaq listing deficiencies due to low stock price and insufficient stockholders' equity
- No dividends paid or planned; profits/revenue are reinvested for growth

**Summary:**  
CIMG Inc. is transitioning from a coffee focus to a major player in maca-based health and wellness products, with exclusive distribution rights in Asia, a small but growing revenue base (~$1.93 million in 2024), and approximately 17 full-time employees. It operates offices in Hong Kong, China, and the U.S. and seeks growth via product expansion, geographic reach, and enhanced branding.

NuZee, Inc. specializes in the development and distribution of innovative single-serve coffee products, catering to the growing demand for convenience and quality in the coffee market.

### NuZee, Inc. Overview

**Company Description:**
NuZee, Inc. is a Nevada-based company engaged in the specialty coffee market. The company focuses on developing innovative coffee products and solutions, primarily through its core product line of single-serve coffee. NuZee operates in the rapidly growing coffee segment, catering to consumers who prefer convenience and quality in their coffee experience.

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**Key Business Areas:**
- **Single-Serve Coffee Products:** NuZee specializes in packaging and distributing coffee in single-serve formats, offering a variety of flavors to meet diverse consumer preferences. 
- **Partnerships:** The company collaborates with established brands and retailers to expand its market reach and distribution channels.
  
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**Operational Highlights:**
- **Employees:** As of September 30, 2023, NuZee employed a diverse team led by experienced professionals in the coffee and beverage industry, enhancing its operational capabilities.
  
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**Market Presence:**
- **Customers and Distribution:** NuZee products are distributed through various retail channels, including grocery stores, specialty coffee shops, and e-commerce platforms, catering to a broad customer base.

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**Financial Performance:**
- **Revenue:** For the fiscal year ended September 30, 2023, NuZee reported revenue growth due to increased sales and expanded distribution.
- **Income:** NuZee has faced challenges with profitability but continues to work on strategies focused on operational efficiency and market expansion. Further detailed financial performance metrics such as net income or loss were not explicitly mentioned in the provided document.

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**Strategic Vision:**
NuZee aims to leverage its innovative product offerings and strategic partnerships to establish a strong foothold in the specialty coffee market, continually enhancing its product line to meet the evolving preferences of consumers. The company is positioning itself to capitalize on the growing demand for convenient and high-quality coffee solutions.

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### Summary
NuZee, Inc. is a company focused on the specialty coffee sector, specializing in single-serve coffee products with plans to grow its market share through innovation and partnerships. The company has a committed workforce and is actively pursuing revenue growth strategies, contributing to its position in the competitive coffee market. Note that specific numerical details regarding customers, revenue figures, or specific income amounts were not explicitly provided in the document but the company's goals suggest a dynamic growth trajectory.

CIMG Inc.

10-K / July 30, 2025

10-K / June 14, 2024

10-K / July 30, 2025

Company Summary – CIMG Inc.

Business Overview

Core Business Activities

Market & Distribution

Employees & Operations

Financial Highlights

Notable Developments & Strategy

Risks & Regulatory