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 a sole selective
agreement with Al Mazroui Medical & Chemical, a leading distributor of
healthcare and dental products in U.A.E., Qatar and Oman, for the
marketing and distribution of Glamsmile™, a
revolutionary cosmetic dental system that substantially expands the
consumer and professional dental market for veneers.
Al Mazroui agreed to a negotiated upfront payment and, in order to
maintain its sole selective distributorship in the U.A.E., Qatar and
Oman markets, Al Mazroui further agreed to purchase and install a
specified minimum number of Glamsmile™
veneers annually. Both the upfront payment and the minimum number of
Glamsmile™ installations were related to the
size of the market opportunity. Remedent and Al Mazroui will introduce
Glamsmile at the U.A.E. International Dental Conference & Arab Dental
Exhibition (AEEDC) in Dubai (www.aeedc.com)
from March 4-6, 2008.
Mr. Guy De Vreese, Chairman of Remedent, noted, “This
is Remedent’s second announcement regarding
the marketing and distribution of its Glamsmile™
veneers in various geographic markets, but certainly not the last. We
anticipate several additional agreements to be signed throughout the
world in upcoming months with the negotiated agreement related to the
specific market opportunity. We are gratified by the acceptance of the
Glamsmile™ veneer technology to date and look
forward to its continued success in establishing Glamsmile™
as the veneer of choice by perceptive consumers.”
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.