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NuEarth Signs Exclusive Middle East Regional Distribution Agreement and Launches New Informational Portal at www.nuearthcorp.com
MIRAMAR BEACH, Fla. & ABU DHABI, UAE, Dec 21, 2009 (BUSINESS WIRE) -- NuEarth Corporation (Pinksheets: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced the signing of a multi-year agreement with Marko Trading Limited ("Marko") of Abu Dhabi UAE to distribute primarily the AquaSolv(TM) product line with various other NuEarth products over the life of the deal.
As a part of the agreement, NuEarth will provide Marko with a supply of products on consignment for the first 6 months of the agreement and Marko will commit to a minimum of $500,000 USD for marketing; advertising and distribution costs for the regional territory over the first 12 months of the agreement. Under the terms of the agreement, Marko will also be offered as part of their regional territory the sub-continent of India upon reaching a minimum of $11 Million USD in gross sales over a 12 month sales cycle starting after the first 6 month introductory and evaluation period of the agreement.
NuEarth and Marko will cooperate on retail product certification and have agreed to work together to secure support from key regional wholesale and free trade zone services to better ramp the expansion of the product distribution in the region. Both companies will also work to ensure the continuation of NuEarth's current regional client product demands, and look to expand our customer choices for applications of our products.
As a means of better supporting our new distribution partners, NuEarth is pleased to announce the launch of our new web site. The site represents a significant amount of research, analysis, and design improvements over the previous site. Mr Rosalini, Investor Relations Manager for NuEarth said, "The goal is to provide visitors with information and an experience that is as compelling as meeting a member of our staff in person. Our aim is for the website to be a one stop shop for all things NuEarth."
The new web site houses basic Company information as well as Product details. The site is brand new and the developers are busy creating more unique content. The site will ultimately feature a 'Member's Only' area for video and document libraries, a place where investors can ask questions, and special seminars will be given. A forum will also be developed, where people can receive advice, make friends and establish new contacts around the world with NuEarth Staff. In the coming months, new site features will include a multi-lingual and customizable page for distribution members who can document their own experiences with our products and services.
NuEarth is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth and its product offerings visit us on the web at www.nuearthcorp.com.
This press release contains forward-looking statements regarding NuEarth within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth. Forward-looking statements speak only as of the date on which they are made and NuEarth undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
SOURCE: NuEarth Corporation
CONTACT:
NuEarth Corporation c/o: Alfon Rosalini, 866-311-6373 Alfon.rosalini@nuearthcorp.com
Copyright Business Wire 2009
