Elysee Development (PK) (USOTC:ASXSF)
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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 Pob
Eak Pro Dent Co., Ltd. (“Pob Eak”),
a Thailand-based corporation to act as Glamsmile’s
sole selective distributor in Thailand and the surrounding regions (‘the
Territories”) of Glamsmile™
veneers, a revolutionary cosmetic dental system that substantially
expands the consumer and professional dental market for veneers.
Pob Eak agreed to a significant initial deposit upon signing the
agreement and 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, “Thailand
and the surrounding region is the fourth announced international market
opportunity for Remedent and indicative of the world-wide acceptance and
opportunity that Glamsmile veneers represents. Dental product
distributors are increasingly aware that Glamsmile veneers offer a
unique and attractive alternative to traditional veneers, both from a
cost basis, ease of application and, most importantly, from the
standpoint of the ultimate customer’s
satisfaction. We have found that our success to date in establishing
exclusive distribution agreements has opened up many additional
distribution opportunities as word of the benefits of Glamsmile have
spread. We have just touched the surface of the potential distribution
network and we are aggressively expanding our marketing to establish
Glamsmile as “the”
preferred alternative to standard veneers. We anticipate additional
agreements to be signed shortly.”
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 German market 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.