HydraLogic Signs Three New Distribution Deals in China Valued at $11 Million Over Five Years.TORONTO -- - New distribution deals expected to generate in excess of $25 million in China over the next five years - Asia Alliance Base near completion of its 140,000 square foot manufacturing and distribution facility for HydraLogic products 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 in addition to its previously disclosed $10 million distribution agreement with Asia Alliance Base (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 ) of Beijing for BioStreme(TM) sales, it has entered into a new Distribution Agreement with AAB for its Bug Defense product line worth $7 million over five years. New agreements were also signed with new leading provincial distributors for the Company's odor control products. The combination of these three agreements signed last week is valued at more than $11 million. When added to the previously announced HLS Ecolo distributors in China, the five-year outlook is valued at more than $25 Million. This includes distribution agreements, which will provide HydraLogic an estimated 80 percent distribution coverage in the Chinese provinces. As a result of the new agreements and recent visit to China in support of the distributors, the Company has received in excess of $300,000 in new orders from this region within the past 30 day period. Furthermore, the Company announced that its new distribution partner, AAB is near completion of a 140,000 square foot manufacturing and distribution facility for HydraLogic products in China. "AAB's commitment and confidence level is reflected by their immediate build out of the manufacturing and distribution centre for our products," noted Michael Beckley Michael Beckley (born 1 November1963) is an Australian actor. He is famous for his role as Rhys Sutherland on the television series Home and Away. He has also appeared in Water Rats, and A Country Practice. , president and 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 HydraLogic Systems Inc. "We view these distribution agreements as a stepping stone in preparation for the significant size and scope of work related to the 2008 Olympics in Beijing and across China following on a go forward basis. HydraLogic is now very well positioned to service the needs of the Chinese market in the years to come." 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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