Coldwall Joins Forces with Turners & Growers.BELLEVUE, Wash. -- Bellevue, Washington-based Coldwall, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). .NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). .CDWL) announced it has signed a Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) with ENZA/Turners & Growers (www.enza.co.nz) of New Zealand. The MOU awards ENZA/Turners & Growers the exclusive right to use Coldwall(TM) containers for outbound traffic from New Zealand until July 1, 2005. ENZA will work with Coldwall to secure orders from shipping companies for up to 500 Coldwall(TM) containers to be delivered for its 2005 shipping season. "A key plank of our commercialization strategy is to win over the 'early adopters' by stimulating demand from several large-volume owner/shippers of perishables," says Robert Dale, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Coldwall. "ENZA/Turners & Growers certainly meets that description," continues Dale. "And through the MOU we've committed to continue working closely with ENZA and its primary shipping company suppliers/operators." About Coldwall, Inc. Coldwall, Inc. is the developer and owner of the US and China Patents for Coldwall(TM) technology which it employs in its ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. refrigerated intermodal shipping containers. Coldwall's corporate headquarters are in Bellevue, Washington, with an engineering and testing facility located in Richmond, BC, Canada. Certain statements in this news release may contain forward-looking information within the meaning of Rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Exchange Act of 1934, and are subject to the safe harbor created by those rules. All statements other than statements of fact, included in this release, are forward-looking statements that involve risks and uncertainties. |
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