HydraLogic Signs $10 Million Distribution Agreement for BioStreme'TM' Sales in China.TORONTO -- HydraLogic Systems Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:HLS (Hue Lightness Saturation) A color space that is closely related to HSB, except that Brightness is called Lightness and is measured from 0 to 1 rather than from 0 to 100%. See HSB. ) announced today that a 5 year Distribution Agreement has been signed with Beijing Asia Alliance Environmental Science and Technology Co. Ltd. ("AAB AAB ABN Amro Bank AAB Association of Applied Biologists (UK) AAB American Association of Bioanalysts AAB Army Air Base AaB Aalborg Boldspilklub (Danish Soccer Club) AAB All-to-All Broadcast "). The agreement gives AAB exclusive rights to sell HydraLogic's BioStreme(TM) products in China so long as AAB achieves agreed minimum sales targets totaling Cdn$10 million over 5 years. BioStreme(TM) is a micronutrient mi·cro·nu·tri·ent n. A substance, such as a vitamin or mineral, that is essential in minute amounts for the proper growth and metabolism of a living organism. formulation for use in optimizing biological treatment efficiency and solving waste related odour problems in commercial, industrial and municipal wastewater and solid waste markets. HydraLogic has received an initial stocking order from AAB and expects a first container load of BioStreme(TM) products to be shipped to China in the next 30 days. AAB has also signed letters of intent expressing their interest in marketing HydraLogic's organic fish based fertilizer and the Company's BugDefence(TM) mosquito control system. Formal contracts and orders for product are expected to be completed in the near future. AAB's head office is located in Beijing. The Company has additional offices and representation in over 20 locations throughout China. AAB concentrates on the manufacture of environmental products including wind and solar power systems as well as waste management equipment and systems. The Company has extensive contacts with municipal and provincial governments. About HydraLogic HydraLogic Systems Inc. is an environmental technology company that is focused on the replacement of harmful polluting pol·lute tr.v. pol·lut·ed, pol·lut·ing, pol·lutes 1. To make unfit for or harmful to living things, especially by the addition of waste matter. See Synonyms at contaminate. 2. chemicals with non-toxic environmentally responsible solutions. Its technologies are being commercialized through distribution partnerships with leading regional, national and international companies with clientele in the waste management, pest control pest control n → control m de plagas pest control n → lutte f contre les nuisibles pest control pest n and agricultural products industries. This press release may contain 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. and involve known and unknown risks, uncertainties and other factors that may cause the Company's actual results, performance or achievements to be materially different from the results, performance or achievements expressed or implied by the forward-looking statement. Factors that impact such forward-looking statements include, among others, changes in general economic conditions, interest rates, government regulations, and competition. The Company disclaims any intention or obligation to update or revise any forward-looking statements unless required by applicable law. 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. has neither approved nor disapproved the contents of this press release. HydraLogic Systems Inc. (TSX VENTURE:HLS) |
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