Stealth Global Holdings Ltd. reached an agreement with Bisley Workwear to launch the highly regarded Bisley range of products in the United Kingdom and West Africa via a new 50/50 joint venture company, BSA Brands (UK) Limited. Bisley is the market leader in specialist branded Workwear apparel in Australia, and Stealth has been selling Bisley Workwear into Africa since 2015 and in Australia via its Heatleys business for over 10 years. Underpinning the new joint venture in the UK domestic market is the signing of a cornerstone customer distribution agreement with a large multi-channel supply and distribution group combining a network reach of more than 420 trade store outlets, sales reps, call centres, online ordering both through its own platform and via a Tier 1 level rating with the single Online channel Amazon platform. Growth in the West Africa marketplace will be enabled by the appointment of three local distributors to supply the resources (land and marine), infrastructure, transportation and construction industry sectors in this region. Further appointments will be made in the future. Stealth's expansion into the UK through BSA Brands is consistent with the strategy outlined at the Company's AGM to create a competitive vertically integrated business model comprising Sales & Distribution, Wholesale Distribution, Industrial Buying Group and Online Distribution. BSA Brands and the distribution agreement with the Troy/UTS Group establishes critical capabilities across all of these strategic areas and provide Stealth with a risk managed entry into a potentially lucrative new market. As a part of its agreement with Bisley to establish BSA Brands, Stealth will migrate a number of its existing Bisley Workwear customers in Africa and new UK domestic sales programs into the new Joint Venture, which is likely to reduce Stealth's prospectus revenue forecast in this area for Fiscal Year 2019 by $2.8 million. Stealth expects a positive return on this investment in the form of additional growth in fiscal year 2020 and beyond. The BSA Brands Joint Venture presents a tremendous and unique new growth initiative for Stealth and Bisley.