Interact Holdings Group, Inc (IHGP)

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IHGR News
Interact Holdings Group, Inc. to Become the Exclusive U.S. Distributor of LUUMS International LED Product Lines
Wednesday October 1, 8:30 am ET


ATLANTA, Oct. 1 /PRNewswire-FirstCall/ -- Interact Holdings Group, Inc. (Pink Sheets: IHGR - News) announced today it has executed a Memorandum of Understanding with LUUMS International to become the exclusive distributor of LUUMS LED product lines in the United States.

LUUMS International B.V. is based in The Netherlands and manufacturers a complete line of LED products including street lights, greenhouse lights, and residential lighting. The average LUUMS LED light consumes 50%-70% less power than traditional light bulbs which provides consumers a substantial savings on their energy bills. In addition, LUUMS LED lights last on average 50,000 hours.

The LED market reached $4.6 billion in 2007. The Company believes it is a strategic time to enter this market due to its relationships with builders and developers in the U.S. marketplace. The Company expects the addition of LUUMS product lines to have a significant impact on the company's revenues in 2009.

"In keeping with our desire to be in the forefront of 'The Sustainable Living Movement,' we are constantly looking for alliances that allow us to forge ahead. LUUMS LED and its line of Eco-Friendly Lighting Products will provide the thrust needed to put Interact Holdings Group, Inc. at the head of the line," said William Yates, President of Interact Holdings Group, Inc.