CandleWealth International, Inc. Announces International Joint Venture with Australia off to Promising Start.CHATSWORTH, Calif. -- CandleWealth International, Inc. (Pink Sheets:CWNN), an innovator in providing natural wax and candle making supplies to distributors across the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and now, internationally, announced that its joint venture with Sparklin Pty. Ltd. in Australia to open Candlelyte Australia Pty. Ltd is off to a promising start. This new subsidiary, which opened for business in May, already has a distributor base of over 400 CandleLyte Associates. "We are pleased with the progress we have made in a relatively short time in Australia In mainland Australia, the keeping of standard time is divided into three time zones: eastern (UTC+10), central () and western (UTC+8). There are also some areas using an unofficial "central western" zone (). Most Australian external territories also observe different time zones. . We believe this will be a good springboard to launch our international expansion program," commented Richard Anzalone, CandleWealth International's President and Chief Executive Officer. "We know the global candle market has huge potential and we look forward to being pioneers in spreading the benefits of natural candle waxes Candle wax may refer to the following substances when used to make candles:
About CandleWealth International, Inc. CandleWealth is a direct seller of natural, soy-based candle wax and candle making supplies. Its home-based independent distributors make and sell these candles as well as build teams of other candle makers who do the same. Soy wax is a cleaner alternative to petroleum-based paraffin wax paraffin wax Mixture of organic compounds traditionally derived from petroleum but also obtained synthetically. It usually consists of alkane hydrocarbons (also called paraffins) and is used for coating and sealing, for candles, and in floor waxes, lubricants, waterproofing , burning cooler and longer, without the residues inherent in paraffin wax smoke. CandleWealth's success will be driven by the zeal and excitement of its distributors in spreading the benefits of natural wax across the U.S. and now internationally. This news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. within the meaning 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. These statements involve a number of known and unknown risks and uncertainties that may cause the company's actual results or outcome to be materially different from those anticipated and discussed herein. These include the company's historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry. For more information, call CandleWealth International at 888-881-9373, e-mail invest@candlewealth.com or visit their website at www.candlewealth.com. |
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