ICTV's Suite of Products Goes to Asia.BAINBRIDGE ISLAND, Wash. -- International Commercial Television, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :ICTL ICTL Ingénierie Conception Transmission Liaisons Optiques (French) ICTL Injection Current Tuned Laser ) ("ICTV ICTV International Committee on Taxonomy of Viruses ICTV Independent Community Television Alliance " or "The Company") a premier, full-service international retail and direct response television (DRTV DRTV Direct Response Television (media) ) marketing company targeting the multi-billion dollar health and beauty industry today announces that it has entered into a agreement with the Sun Business Corporation ("SB") to distribute ICTV's full suite of products in China, Korea and Hong Kong. ICTV and SB have executed an agreement allowing SB to market the Company's highly successful Derma der·ma n. See dermis. derma the corium, or true skin. Wand, the DermaVital skincare range and all of ICTV's other unique products. The agreement grants SB the exclusive rights to ICTV's products for a six month period and then once both parties mutually determined the most "suitable forms of distribution", the Company and SB will negotiate a formal distribution contract on a "time of the essence basis" extending the agreement to 3 years with renewable options. The territories of China and Korea will be on an exclusive basis to SB, with Hong Kong being non-exclusive. It is also agreed by both parties that further business opportunities will also be explored over the tem of this agreement, including forming a strategic alliance for both parties to distribute each others products in their various distribution channels. In this initial agreement between the Company and SB, ICTV has also allowed SB or one of it's designated entities to purchase 500,000 shares of common stock of the ICTV at a price of $0.85 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. with a 1/2 warrant exercisable at a strike price of $1.00. The shares purchased will be restricted with a one year hold period attached and will be subject to rule 144. A 10% finder's fee will be paid on this transaction. ICTV has also granted SB the right of first refusal Right of First Refusal In general, the right of a person or company to purchase something before the offering is made available to others. Notes: For example, a football team may have the right of first refusal on a player's contract. on any other financings the Company may conduct. About Sun Business Corporation Headquarter head·quar·ter v. head·quar·tered, head·quar·ter·ing, head·quar·ters Usage Problem v.tr. To provide with headquarters: in Seoul, South Korea the Sun Business Corporation is a large importer of food and other consumer products. The principals of Sun Business have wide array of business interests with significant equity positions in retail, financial and brokerage enterprises. About International Commercial Television, Inc. Headquartered in Bainbridge Island Washington, International Commercial Television, Inc. (ICTV) uses direct response commercial television campaigns and traditional marketing methods to bring high-demand "Fountain of Youth Fountain of Youth legendary fountain of eternal youth. [World Legend: Brewer Dictionary, 432] See : Unattainability " consumer products to the marketplace. ICTV uses long and short form infomercials to market products which it owns outright or has acquired a license to market. ICTV also acts as the international marketing distributor for third party products for which it collects a royalty on all sales. ICTV uses a unique marketing method of creating brand awareness through the use of profitable infomercials and live home shopping broadcasts rather than costly traditional advertising campaigns. ICTV uses this brand awareness to build sales channels for products that will be sold using both direct response ordering and traditional retail shopping outlets. Forward-Looking Statements The matters discussed in this press release may contain "Forward-looking statements" (as such term is defined in 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). The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to Forward-looking statements made by ICTV. You should not place undue reliance on Forward-looking statements. These Forward-looking statements involve risks and uncertainties. The actual results that ICTV achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These Forward-looking statements are based on current expectations, and ICTV assumes no obligation to update this information. Readers are urged to carefully review and consider the various disclosures made by ICTV in its reports filed with the Securities and Exchange Commission that attempt to advise interested parties of the risks and factors that may affect its business. International Commercial Television, Inc. (OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. :ICTL) |
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