Remedent, Inc. Announces Factoring Agreement with First Community Financial, a Division of Pacific Western Bank

  
    
  
  
    
      Remedent, Inc. (OTCBB: REMI), an international company 
      specializing in oral care and cosmetic dentistry products, today 
      announced it had entered into a factoring agreement with First Community 
      Financial for $1 million for receivables arising from iWhite range of 
      products currently being sold nationally in the USA in drug stores and 
      supermarkets.
    
    
      Remedent began shipping the last quarter ended March 31, 2008 four 
      SKU's, namely its iWhite Teeth whitening kit, iWhite maintenance, iWhite 
      toothpaste and iWhite refill strips into the mass market.
    
    
      "We are very pleased to announce that we have teamed up with First 
      Community Financial to help us grow our OTC business in the United 
      States," stated Robin List, Chief Executive Officer of Remedent. "This 
      is just another step we need to take to build our OTC business and 
      presence in the USA. The Agreement shall remain in effect until October 
      16, 2008 and may be renewed for successive six month periods unless 
      terminated under certain non-disclosed conditions.
    
    
      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 Robin List, the statements regarding growth of the 
      OTC 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.