EKO / TSX
MONTREAL, Sept. 8 /CNW Telbec/ - Noveko International Inc. ("the Company") is pleased to announce that its subsidiary Noveko Inc. ("Noveko") has signed a distribution agreement with Benjamin News Inc. ("Benjamin News"), a Quebec company specializing in the distribution of magazines and complementary products to the retail segment. This agreement, which has an initial term of three years, covers the sale and promotion of Microban(R) hand sanitizers in Quebec, New Brunswick and Eastern Ontario.
"Thanks to its experience and extensive network of exclusive distributors, Benjamin News is an ideal partner to step up the marketing of our sanitizers in the retail segment. Its distribution channels reach some 9,000 points of sale, including more than 8,000 in Quebec, both leaders in the pharmaceuticals and food industries as well as independent retailers. It also has the expertise required to optimize the positioning, showcasing and constant monitoring of our products in-store. We are very pleased with this new partnership," indicated Mr. Richard Durocher, President of Noveko.
"Our agreement with Noveko enables us to broaden our range of complementary products while providing our clients with a superior solution for healthy hand hygiene. We believe they will rapidly adopt the various products of the Microban(R) line of hand sanitizers," said Mr. Paul Benjamin, President of Benjamin News.
Benjamin News is a private company that began its operations in the distribution of magazines in Quebec in 1917. A leader in the distribution of magazines in the Quebec retail market, it has since expanded its sales territory and product line. It now serves approximately 9,000 points of sale in Quebec, New Brunswick and Ontario, on a weekly basis. Benjamin News Group Inc., a company of the same group, is also active in the distribution of magazines, books and complementary products in the United States. Benjamin Livre, another affiliate, is dedicated exclusively to distribution in the book industry and distributes the offering of some 60 Quebec and European publishers.
Profile
Noveko International Inc. offers innovative solutions in the environmental and medical fields worldwide. Through its subsidiaries, the Company specializes primarily in the following business segments: the development, manufacturing and marketing of derivative products from its patented antimicrobial filtration technologies, mainly air filters, surgical masks and respirators, as well as other products with antibacterial properties such as hand sanitizers - and the development, manufacturing and marketing of medical equipment, primarily portable real-time ultrasound scanners for use in human and veterinary medicine.
Certain statements set forth in this press release constitute forward-looking statements. In some cases, these statements are identified by the use of terms such as "may", "could", "might", "intend", "should", "expect", "project", "plan", "believe", "estimate" or other comparable variants. These statements are based on the information available at the time they are written, on assumptions made by management and on the expectations of management, acting in good faith, regarding future events, including those relating to economic conditions, fluctuations in exchange rates and operating expenses, and the absence of unusual events entailing supplementary expenditures. Although management considers these assumptions and expectations reasonable based on the information available at the time they are written, they could prove inaccurate. Forward-looking statements are also subject, by their very nature, to known and unknown risks and uncertainties such as those related to the industry, acquisitions, labor relations, credit, key officers, supply and product liability. The actual results of Noveko International Inc. could differ materially from those indicated or underlying these forward-looking statements. The reader is therefore recommended not to unduly rely on these forward-looking statements. Forward-looking statements do not reflect the potential impact of special items, any business combination or any other transaction that may be announced or occur subsequent to the date hereof. Unless otherwise required under securities laws, the Company does not intend and undertakes no obligation to update or revise the forward-looking statements.
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