SNFX Sniffex, Inc. Announces Representative Agreement for China
Friday November 18, 6:30 pm ET
IRVING, TX--(MARKET WIRE)--Nov 18, 2005 -- Sniffex, Inc. ("Sniffex") (Other OTC:SNFX.PK - News) (http://www.sniffex.com),
producers of Sniffex, an explosives detection device, announced today the signing of a exclusive Representative Agreement with New Technology Co. (New Technology), to sell Sniffex throughout China. New Technology is based in Beijing, China and has numerous government, military, and commercial contacts throughout China.
"This represents a major milestone in Sniffex's ongoing effort to create a worldwide marketing channel," said Paul Johnson, President and CEO. "This allows Sniffex to market its products to a country with the world's largest population. We expect important orders to be generated from this agreement." Sniffex restated that their primary focus of their worldwide sales and marketing strategy is to continue to identify and sign representatives such as New Technology throughout the world to distribute their products. At present, the Company stated that they are now represented in over 40 countries and are negotiating for Representative agreements that would expand Sniffex's representation to over 50 countries, worldwide.
The Company stated that three visits to China have already been by company representatives to demonstrate the product's potential and to train New Technology employees in China. The Company further stated that from these visits, it believes that there are enormous potential opportunities in this market, in both the areas of weapons detection and bomb detection. They further stated that preliminary agreements are already being negotiated.
Sniffex, Inc. is the holder of the license to sell Sniffex, an explosives detection device, in most areas of the world. It sells its products though agents, distributors, and its own sales force. The Company was formed in November 2004 and began selling its products in May 2005. The Company has formed a partnership with Yuri Markov, a noted Bulgarian engineer, and inventor of Sniffex to lead the research and development of its next generation products.
Safe Harbor Act Disclaimer: This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and as such, may involve risks and uncertainties. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations, are generally identifiable by the use of words such as "believe," "expect," "intend" "anticipate," "estimate," "project," or similar expressions. These forward-looking statements relate to, among other things, expectations of the business environment in which the Company operates, projections of future performance, potential future performance, perceived opportunities in the market, and statements regarding the Company's mission and vision. The Company's actual results, performance, and achievements may differ materially from the results, performance, and achievements expressed or implied in such forward-looking statements due to a wide range of factors.
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Source: Sniffex, Inc.