Elysee Development (PK) (USOTC:ASXSF)
Historical Stock Chart
From Jul 2019 to Jul 2024
![Click Here for more Elysee Development (PK) Charts. Click Here for more Elysee Development (PK) Charts.](/p.php?pid=staticchart&s=NO%5EASXSF&p=8&t=15)
Remedent, Inc. (OTCBB: REMI), an international company specializing in
the research, development, manufacturing of oral care and cosmetic
dentistry products, today announced that it has signed BriteDent GmbH, a
German corporation organized to act as Glamsmile’s
sole selective distributor in Germany of Glamsmile™
veneers, a revolutionary cosmetic dental system that substantially
expands the consumer and professional dental market for veneers.
BriteDent GmbH agreed to a significant initial deposit upon signing the
contract and agreed to another payment by the first of September 2008.
BriteDent also committed to a purchase a substantial minimum number of
veneer trays annually, whose value exceeds six figure Euros, that is
representative of the market potential of the territory. In order to
maintain its sole selective distributorship, the agreement also calls
for incremental yearly Glamsmile veneer tray purchases of a minimum of
15%.
Mr. Guy De Vreese, Chairman of Remedent, noted, “Germany
is the third announced international market opportunity for Remedent and
one of the largest so far. We are very pleased by the acceptance we have
received throughout the world by informed dental distributors who
recognize the unique benefits of Glamsmile veneers and wish to
participate in this rapidly growing market. We are continuing our
marketing efforts and expect further signed agreements in the near
future. As word of our success in signing up distributors spreads we are
finding the potential distributor candidates to be more receptive to
joining the list of exclusive distributors of our Glamsmile veneers. As
successful as we have been to date, the market is still relatively
untapped and we will continue to aggressively market the Glamsmile
veneer program.”
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 than 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 Guy De Vreese, the statements regarding growth of
the GlamsmileTM product line,
optimism related to the business, expanding sales, the U.A.E., Qatar and
Oman markets 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.