Elysee Development (PK) (USOTC:ASXSF)
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Remedent, Inc. (OTCBB: REMI) today announced that it has signed an
exclusive distribution agreement with a leading OTC distributor in the
Netherlands. The terms call for this distributor to sell a private label
kit similar to Reme)sense™, to treat sensitive
teeth in the Netherlands and calls for an initial order and a minimum
yearly performance. Remedent has agreed to deliver the product in packed
form and ready for sale, while the distributor will be responsible to
promote and advertise the product to the marketplace within the
Netherlands. The agreement gives the distributor exclusive distribution
rights to sell and distribute this product in the Netherlands using all
its own distribution channels. First shipments are expected to commence
during the first quarter of 2008.
The product will be for sensitive teeth, which is one of the most common
complaints adults have about their teeth. The kit will contain six foam
strips and one double tray, similar to the Reme)sense kit. Each package
contains enough strips to provide relief for a total of three months, by
applying an easy, once-a-month 10-minute application.
Mr. Robin List, CEO of Remedent, noted, “We
are pleased to have reached this agreement with a leading OTC
distributor in the Netherlands and announce another distribution
agreement for our teeth sensitizing product. We believe our new partner
has the proper relationships to create market acceptability for a new
approach and solution to those adults who suffer from sensitive teeth.
We continue to anticipate additional distribution agreements, especially
in Europe, where we need to partner with distribution leaders in each
country where pharmacies tend to be highly fragmented and rely upon
distributors like this new one, to help with their product inventory.”
About Remedent, Inc.
Remedent, Inc., a publicly-traded company on the OTCBB,
specializes in the research, development, manufacturing and marketing of
oral care and cosmetic dentistry products. With offices in California,
Belgium and Singapore, Remedent distributes its products in more then 35
countries. For additional information, visit Remedent's web site at www.remedent.com.
FORWARD-LOOKING STATEMENTS
“Safe Harbor”
Statement under the Private Securities Litigation Reform Act of 1995:
The statements by Robin List, the statements regarding growth of the
Reme)sense™ product line, optimism
related to the business, expanding sales and other statements in this
press release are forward-looking statements within the meaning of the
Securities Litigation Reform Act of 1995. Such statements are based on
current expectations, estimates and projections about the Company’s
business. Words such as expects, anticipates, intends, plans, believes,
sees, estimates and variations of such words and similar expressions are
intended to identify such forward-looking statements. These statements
are not guarantees of future performance and involve certain risks and
uncertainties that are difficult to predict. Actual results could vary
materially from the description contained herein due to many factors
including continued market acceptance of the Company’s
products. In addition, actual results could vary materially based on
changes or slower growth in the oral care and cosmetic dentistry
products market; the potential inability to realize expected benefits
and synergies; domestic and international business and economic
conditions; changes in the dental industry; unexpected difficulties in
penetrating the oral care and cosmetic dentistry products market;
changes in customer demand or ordering patterns; changes in the
competitive environment including pricing pressures or technological
changes; technological advances; shortages of manufacturing capacity;
future production variables impacting excess inventory and other risk
factors listed from time to time in the Company’s
Securities and Exchange Commission filings under “risk
factors” and elsewhere. The forward-looking
statements contained in this press release speak only as of the date on
which they are made, and the Company does not undertake any obligation
to update any forward-looking statement to reflect events or
circumstances after the date of this press release.