Affiliated Resources Corporation Announces National Marketing Agreement with RTB Ventures Inc.HOUSTON--(BUSINESS WIRE)--Oct. 4, 1999-- Affiliated Resources Corporation (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:ARCX) is pleased to announce that the Company has entered into a distribution agreement with RTB RTB Return(ed) to Base RTB Reasons to Believe (website) RTB Reasons to Believe (Pasadena, CA) RTB Right to Buy (UK home buying) Ventures Inc. ("RTB"), a Portland, Ore.-based marketing and distribution company, for the distribution of aftermarket automotive products that are produced by ChemWay Inc., a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Affiliated Resources Corporation. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. the agreement, RTB will have exclusive retail distribution rights in selected markets in connection with the retail distribution of ChemWay's aftermarket automotive product line. The Agreement is exclusive in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and shall grant to RTB a first right of refusal for exclusive distribution rights in each and every country of the world, as determined by RTB. The agreement is designed to provide compensation to RTB in the form of common stock and commissions in achieving the goal of increasing sales of ChemWay's products by $20 million during the next 24-month period. "We're very excited to be named as an exclusive distributor by Affiliated Resources Corporation on behalf of its ChemWay operations," stated Randy Wright Randall Steven Wright (born January 12, 1961 in St. Charles, Illinois) is a former professional American football quarterback who played for the Green Bay Packers from 1984 to 1988. , president and chief executive officer of RTB. "ChemWay's newly installed high speed production line is so powerful that we believe it should provide a major advantage in producing the capacity of products required to meet our goals. It's a real time saver when it comes to producing the quantity of products we intend to distribute. This association should certainly have a positive impact on Affiliated Resources Corporation and RTB Ventures Inc. growth." Peter C. Vanucci, chairman and chief executive officer of Affiliated Resources Corporation adds, "We are very pleased to add a marketing partner like RTB Ventures to enhance our distribution network. One of our major strategic marketing goals is to expand our distribution channels so that we can reach new customers on a national basis. The agreement with RTB is a major step forward in achieving that goal. As a full service marketing firm, RTB also provides such services as an in-house graphics department, which will be of great assistance in our advertising and new product development." ChemWay Inc., a subsidiary of Affiliated Resources Corporation, produces and packages a full line of automotive aftermarket fluids, such as refrigerants Chemical refrigerants are assigned an R number(sometimes the label replaces it with the word Freon) which is determined systematically according to molecular structure. The following is a list of refrigerants with their R numbers, IUPAC chemical name, molecular formula, and CAS number. , lubricants and penetrants, fuel treatments and additives, cooling system cooling system: see air conditioning; internal-combustion engine; refrigeration. cooling system Apparatus used to keep the temperature of a structure or device from exceeding limits imposed by needs of safety and efficiency. , brake system and power steering products, cleaners and solvents, as well as appearance and emergency products. RTB is a marketing and distribution company based in Portland, Ore., with distribution to major retailers in North America in the grocery, drug and general merchandise industries. Statements included in this press release which are not historical in nature, are intended to be, and are hereby identified as "forward-looking statements" for purposes of the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provided by Section 21E of the Securities Exchange Act of 1934, as amended by Public Law 104-67 and provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Forward-looking statements may be identified by words including "anticipate," "believe," "intends," "estimates," "expects," and similar expressions. Affiliated Resources Corporation cannot guarantee that agreements or contracts will be fulfilled by its customers or distributors. The Company cautions readers that forward-looking statements, including, without limitation, those relating to the Company's future business prospects are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements. |
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