Remedent, Inc. Announces First Marketing and Distribution Agreement Introducing Glamsmile(TM) Veneers into Asian Market
January 17 2008 - 8:05AM
Business Wire
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 an
exclusive agreement with Accendo Healthcare Pte Ltd., a leading OTC
distributor of healthcare products in Singapore, for the marketing
and distribution of Glamsmile�, a revolutionary cosmetic dental
system that substantially expands the consumer and professional
dental market for veneers. Accendo agreed to a negotiated upfront
payment and, in order to maintain its exclusivity in the Singapore
market, Accendo 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 Singapore market opportunity. Mr. Guy De
Vreese, Chairman of Remedent, noted, �Our agreement with Accendo
Healthcare, a longtime partner of Remedent in introducing new
innovative dental products into Singapore, is significant in that
it marks the first step by Remedent to expand acceptance of its
Glamsmile� veneers into the Asian market, a very large and
relatively untapped opportunity. We anticipate agreements with
other Asian countries will quickly follow; a number of which are
substantially larger than Singapore and could, therefore, require
both larger upfront payments and higher minimum yearly Glamsmile�
installations to maintain exclusivity.� 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 Asian market�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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