Over a year and no visible progress
Northstar announces talks with major distributor to enter Asian markets
PR Newswire
HOLBROOK, N.Y., Sept. 30, 2014
HOLBROOK, N.Y., Sept. 30, 2014 /PRNewswire/ -- Northstar Global Business Services, Inc. (OTCPink:MDIN) today announced that it is in talks with a major direct response and retail distributor to distribute products into China, Vietnam, and other Asian countries, getting access to some of the largest populated areas in the world.
Plans are currently underway to complete new packaging designs that better fit the Asian markets in their languages. Northstar expects the final details to be ironed out in the near future, and will announce their advances as soon as the deal is finalized. Northstar CEO, Justin Sindelman, has been working diligently with the potential partner for several months and indicated that small details and logistics still need to be worked out, but both companies have sales projections in mind that will dwarf anything the company has done thus far. "I'm optimistic about this being the move forward that the company so desperately needed, and possibly the largest individual deal for Northstar since the company was founded. By partnering with a distributor that has had tremendous success in these regions, we are being given the tools to unlock and demystify the largest populated area of earth, and with that comes huge potential sales volume," said Mr. Sindelman.
Plans to distribute outside the US have been previously discussed, but were put on hold to allow time to be spent solidifying US retail agreements which had several unavoidable delays in the past year. However, with several large retail chains expected to start putting product in stores soon, the company must start thinking about its next major step forward; and becoming a global distributor of some of the most innovative natural remedy and nutraceutical products available is an extremely exciting prospect.
Mr. Sindelman acknowledges that the company has not been able to make a lot of information public, but he feels confident that Northstar will soon be able to announce the names of the retail chains and terms of the relationships; the details of which, temporarily remain confidential to avoid having their results tainted. These test runs are vital to the company's growth strategy and it looks like they're not doing anything to risk any kind of negative impact. The company is also confident that as the details of relationships with Asian markets unfold, it will be able to make announcements that regularly update the public. With a partner that has significant success with several "as seen on TV" type products (that were tremendous hits in Asia and the US), the company seems to be on a steady path to significantly boosted profits. Mr. Sindelman asks shareholders for understanding that revealing details too early can have an adverse effect on the success of the deal. The fact that Northstar has made huge inroads with major retailers, and with international distributors, is very significant; and by the beginning of the year, the company feels extremely confident that its success will be undisputed, and its products will be available on retail shelves.
