Remedent, Inc. Announces Exclusive Distribution Agreement with Leading OTC Distributor Encompassing the Netherlands
December 14 2007 - 8:00AM
Business Wire
Remedent, Inc. (OTCBB: REMI) today announced that it has signed an
exclusive distribution agreement with a leading OTC distributor in
the Netherlands. The terms call for this distributor to sell a
private label kit similar to Reme)sense�, to treat sensitive teeth
in the Netherlands and calls for an initial order and a minimum
yearly performance. Remedent has agreed to deliver the product in
packed form and ready for sale, while the distributor will be
responsible to promote and advertise the product to the marketplace
within the Netherlands. The agreement gives the distributor
exclusive distribution rights to sell and distribute this product
in the Netherlands using all its own distribution channels. First
shipments are expected to commence during the first quarter of
2008. The product will be for sensitive teeth, which is one of the
most common complaints adults have about their teeth. The kit will
contain six foam strips and one double tray, similar to the
Reme)sense kit. Each package contains enough strips to provide
relief for a total of three months, by applying an easy,
once-a-month 10-minute application. Mr. Robin List, CEO of
Remedent, noted, �We are pleased to have reached this agreement
with a leading OTC distributor in the Netherlands and announce
another distribution agreement for our teeth sensitizing product.
We believe our new partner has the proper relationships to create
market acceptability for a new approach and solution to those
adults who suffer from sensitive teeth. We continue to anticipate
additional distribution agreements, especially in Europe, where we
need to partner with distribution leaders in each country where
pharmacies tend to be highly fragmented and rely upon distributors
like this new one, to help with their product inventory.� 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. 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 Reme)sense� 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.
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