NeoMedia Deepens Relationship with DuPont.FORT MYERS Fort Myers, city (1990 pop. 45,206), seat of Lee co., SW Fla., on the Caloosahatchee River, near the Gulf of Mexico; founded 1850, inc. 1905. It has a tourist trade and light industry and is a shipping point for citrus fruits, winter vegetables, flowers (especially , Fla. -- NeoMedia Micro Paint Repair, an innovative developer and international supplier of auto rejuvenation Rejuvenation Aeson in extreme old age, restored to youth by Medea. [Rom. Myth.: LLEI, I: 322] apples of perpetual youth by tasting the golden apples kept by Idhunn, the gods preserved their youth. [Scand. Myth. products and processes, and a business unit of NeoMedia Technologies, Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB: NEOM), today announced a more extensive business relationship with DuPont. Specifically, NeoMedia signed direct supply agreements with DuPont de Nemours (Belgium) BVBA BVBA Besloten Vennootschap met Beperkte Aansprakelijkheid and E. I. du Pont Du Pont (d  pŏnt), family notable in U.S. industrial history. The Du Pont family's importance began when Eleuthère Irénée Du Pont established a gunpowder mill on the Canada Company Canada Company, land settlement company chartered in England in 1826. It was initiated by the Scottish novelist John Galt, who proposed that Upper Canada (Ontario) sell government lands in order to raise money to compensate settlers who had suffered losses from the (DuPont Canada), both subsidiaries of E. I. du Pont de Nemours Du Pont de Ne·mours , Pierre Samuel 1739-1817.French-born economist and politician who took part in negotiations after the American Revolution (1783) and in the acquisition of the Louisiana Territory (1803). and Company (NYSE NYSE See: New York Stock Exchange : DD), for paint sourced from Belgium and Canada, respectively. NeoMedia has also signed a Letter of Intent with DuPont Canada, whereby DuPont Canada will assist with the facilitation of packaging, labeling and palletizing of NeoMedia's automotive micro paint for sale by NeoMedia to its operations in China. "It is very significant to our business that we purchase directly from DuPont, and have DuPont assist with the packaging for some of our products, in terms of cost savings and overall efficiencies in serving our clients," stated Paul Grzebielucha, vice president and general manager of NeoMedia Micro Paint Repair. "There are many more opportunities for further development activity in the cosmetic car repair arena, and NeoMedia is continuing to pursue them." The original agreement between DuPont and NeoMedia Micro Paint Repair signed in December 2005 gave NeoMedia the exclusive distributorship of DuPont's automobile refinish re·fin·ish tr.v. re·fin·ished, re·fin·ish·ing, re·fin·ish·es To put a new finish on (furniture). re·fin paint to China for use by Automart body shops, a Beijing-based joint venture (operating under the laws of the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China) that specializes in automobile sales, financing, insurance and repair. In line with the original agreement, DuPont was recently awarded the supply of its products to an initial 30 Automart facilities in China. NeoMedia will distribute the DuPont products to these facilities, with which it has just completed training on its Micro Paint Repair System. These business dealings follow a longer relationship in which DuPont has been a major supplier to NeoMedia micro paint products. About NeoMedia Micro Paint Repair, Inc. NeoMedia Micro Paint Repair, Inc. (www.micropaint.net) is an international developer, supplier and trainer to the automotive after sales market, offering a comprehensive line of technologically advanced automotive rejuvenation and preservation products, processes and systems. We focus on quality, efficiency, innovativeness and environmentally sound products and technologies so that our clients can deliver expert solutions and a positive experience to the end consumer. About NeoMedia Technologies, Inc. NeoMedia Technologies, Inc. (www.neom.com) is a diversified global company offering leading edge, technologically advanced products and solutions to its clients developed out of market-identified needs. From mobile marketing to auto rejuvenation, NeoMedia delivers powerful end-to-end solutions for companies and consumers built upon its solid family of patented products and processes, and management experience and expertise. This press release contains forward-looking statements within the meaning of section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. With the exception of historical information contained herein, the matters discussed in this press release involve risk and uncertainties. Actual results could differ materially from those expressed in any forward-looking statement. Trademarks are properties of their respective owners. |
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