CES Secures Chinese Manufacturing and Distribution Agreements for Flushaway Expansion.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Consolidated Ecoprogress Technology Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CES) ("CES") is pleased to announce the signing of two agreements, each for a minimum of five years, with Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. Champion International Holdings Limited ("HKC HKC Hong Kong Coliseum "), a consortium of well established Chinese companies Chinese owned companies can be defined as enterprises within mainland China, Hong Kong, Macau and the Republic of China (Taiwan):
The manufacturing agreement gives HKC exclusive rights and license to use CES's intellectual property, technology and designs in the manufacture of its unique eco-friendly feminine hygiene products in China. A separate distribution agreement gives HKC exclusive rights to market, sell and distribute these products inside the Territory, defined as China, Hong Kong, Macau and Taiwan. These agreements offer two profitable revenue streams for CES: (i) CES will supply specialized materials and a technology package to HKC. This package and materials are required for all flushaway(TM) licensed production and in the first year will generate revenues of at least US$1 million for CES. (ii) In addition, CES will be able to sell HKC produced flushaway(TM) into the global feminine hygiene market outside of the Territory, yielding strong margins. The distribution agreement commits HKC to sell US$5 million of flushaway(TM) in the first year. They have earmarked significant funding to ensure this volume is achieved through more than 6,500 stores to which they have direct access. Michael Ong, VP Asia Business Development for CES states: "This is the beginning of an exciting business relationship with HKC! The Chinese market offers huge potential in its own right and these agreements enable CES to realize cost effective flushaway(TM) production and enhance our growth plan." CES manufactures and distributes flushaway(TM), the world's first and only flushable and biodegradable brand of sanitary napkins and panty liners, into world-wide markets estimated to be upwards of $9.0 billion USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. . ON BEHALF OF THE BOARD OF DIRECTORS John Banks, President Consolidated Ecoprogress Technologies, Inc. The TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. neither approves nor disapproves of the contents of this news release which has been prepared solely by management. |
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