Botaneco Announces Significant Commercial Progress with Vegelatum(R) Technology
April 30 2012 - 8:00AM
PR Newswire (Canada)
New distribution agreements and innovative formulations to drive
sales of proprietary technology in cosmetic industry QUEBEC
CITY, QC, April 30, 2012 /CNW/ - Botaneco Corp. ("Botaneco") , a
health science company focused on natural proprietary ingredients
in the cosmetic and food industries, today announces the successful
development and market launch of five new innovative formulations
using Vegelatum® gel technology including: long-lasting fragrance
gel, flavored lip balms, after shower gels, repairing cuticle cream
and moisturizing face serum. "These new formulations will augment
sales of our proprietary Vegelatum® gel technology and build on the
new agreements which have already been executed with leading
distributors ROSS Organic Specialty Sales (Western USA),
Ferguson Chemical Innovation (Canada) and Dinaco SA (Brazil)"
stated Mr. Tony Abboud, Director of Sales and Marketing at
Botaneco. "In addition, the company is in discussion and has
signed letters of intent with strategic partners in other key
territories throughout the world and expects to appoint other
distributors for Vegelatum® in the near future." The cosmetic
industry is increasingly cognizant of the need to satisfy today's
trends, particularly in the utilization and delivery of naturally
derived, organic, and renewable products and processing.
Petroleum is a non-renewable ingredient used in many cosmetics and
because of this, is falling out of favor with consumers. The
Vegelatum® gel series are all-natural, cost-effective renewable
replacements for petroleum that consists of a proprietary vegetable
gel technology. "A renewable 'eco-friendly' product,
Vegelatum® technology is an effective, natural, alternative to
petroleum based materials and meets a growing demand in the
cosmetic industry" stated Dr. Jack Guth, VP R&D at
Botaneco. "Equally important, Vegelatum® has comparable
water repellency to petrolatum and feels much less greasy on the
skin." As Botaneco continues to expand its business, the
Vegelatum® gel series is ideally suited to increase the company's
revenue as several of these products also leverage Hydresia®
technology for maximum performance benefits. Hydresia® is
Botaneco's lead ingredient for the cosmetic industry and companies
owned by Estee Lauder and Clorox, to name a few, have launched new
cosmetic products using Hydresia®. Botaneco is preparing to launch
a new version of the Vegelatum® technology at the upcoming New York
Society of Cosmetics & Chemists (NYSCC) Suppliers day next
month and will continue to deliver innovation and new prototypes
with this patented and in demand technology. About Botaneco Corp.
Botaneco is a global developer and marketer of innovative
technologies that help manufacturers meet the consumers growing
demand for natural, environmentally friendly, personal healthcare
products. A competitive advantage to Botaneco's patented
technology over traditional products in the 'green sector' is the
ability to significantly enhance the performance and versatility of
these skin and hair care products. The company has also been
awarded the Canadian Agri-Food Award of Excellence for its flaxseed
technology marketed in the natural food industry. Botaneco
holds patents for its Hydresia® Oleosome, Vegetable Oil Gel,
Dermylex® Whey Protein and Flaxseed De-hulling technology. Neither
TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this
release. Botaneco Corp. CONTACT: Murray BruceChief Financial
OfficerBotaneco Corp.( 403)
668-4612brucem@botaneco.cawww.botanecocorp.caKevin
RichardsonInvestor Relations(204) 899-3868kevin@newplanetinc.ca
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