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, announced today that it has received a
significant initial purchase order for its iWhite teeth whitening system
from CVS Caremark Corporation. Under the terms of the order, Remedent
will initially ship this quarter two SKUs per store, one the iWhite
Light Activated Teeth Whitening Kit and the other the iWhite Maintenance
Stick. In addition to shipping these products to more than 6,200 CVS
drug stores for availability on the store shelves in April 2008,
Remedent will also deliver each SKU to various CVS warehouses across the
U.S.
“We are very pleased to announce this initial
purchase order for our proprietary whitening solution, iWhite, with CVS
retail stores,” stated Mr. Robin List, Chief
Executive Officer of Remedent. “This purchase
order is a major breakthrough for Remedent in building the Company’s
presence in the U.S. market. CVS is one of the largest drug store chains
in the U.S. and a market leader within the retail industry. To support
this initiative, we plan on commencing a cooperative advertising and
media campaign with CVS and are hopeful to advancing iWhite into other
retail channels in the future.”
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.
About CVS Caremark Corporation
CVS Caremark is the nation's premier integrated pharmacy services
provider, combining one of the nation's leading pharmaceutical services
companies with the country’s largest pharmacy
chain. The company fills or manages more than one billion prescriptions
per year, more than any other pharmacy services provider. CVS Caremark
drives value for pharmacy services customers by effectively managing
pharmaceutical costs and improving healthcare outcomes through its 6,200
CVS/pharmacy stores; its pharmacy benefit management, mail order and
specialty pharmacy division, Caremark Pharmacy Services; its
retail-based health clinic subsidiary, MinuteClinic; and its online
pharmacy, CVS.com.
FORWARD-LOOKING STATEMENTS
“Safe Harbor”
Statement under the Private Securities Litigation Reform Act of 1995:
The statements by Robin List, optimism related to the business,
expanding sales, the US and international 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.