Nutek Inc. Announces OEM Agreement With Energizer.
HUNTINGTON BEACH Huntington Beach, city (1990 pop. 181,519), Orange co., S Calif., on the Pacific coast, across from Santa Catalina Island, in an oil-producing area; inc. 1909. It manufactures aerospace vehicles, aircraft parts, optical instruments, and heat transfer equipment. , Calif.--(BUSINESS WIRE)--March 13, 2001
Nutek Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :NUTK) announces OEM (Original Equipment Manufacturer) The rebranding of equipment and selling it. The term initially referred to the company that made the products (the "original" manufacturer), but eventually became widely used to refer to the organization that buys the products and Purchase Agreement with Energizer to supply batteries for NuLight product.
Murray Conradie, Nutek 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. , stated, "We are pleased to announce this Original Equipment Manufacturer (OEM) Agreement with Energizer. Energizer offers an excellent product and we will be displaying the Energizer logo on our packaging including the wording `Replace with ENERGIZER brand batteries'."
Nutek is a fully reporting public holding company involved in oil and natural gas operations; the production and assembly of plastic wall clocks; the design, manufacture and distribution of women's resort wear clothing and the manufacture and distribution of unique patented products.
Energizer Holdings Inc. (NYSE NYSE
See: New York Stock Exchange :ENR ENR Enrolled (bill, resolution, etc. passed by both houses of Congress and re-typed)
ENR Engineering News Record
EnR Énergies Renouvelables (French)
enr Enregistrement (French) ) is the world's largest manufacturer of dry cell batteries and flashlights. Its Energizer and Eveready brands are recognized around the world and are marketed and sold in more than 160 countries.
About the NuLight product:
The NuLight switch cover plate is a revolutionary safety lighting device for every home, office, hotel and hospital. All that is required is to unscrew the existing light switch cover plate and screw on our new safety cover plate. No wiring is required.
In the event of a power failure, electrostatic sensors immediately activate light diodes in the cover which will illuminate a 30-foot x 30-foot room for several hours. Most light switches are located at an entryway, and therefore, amber lights will be used for internal room light covers and red lights on exit way covers."
Commenting on the agreement, Conradie stated, "We are pleased to be associated with Energizer batteries to be able to offer a quality battery as a standard item with the purchase of the NuLight product."
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2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the safe harbor provision of 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. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the company's actual results in future periods to differ materially from forecasted results. Such risks and uncertainties include, but are not limited to, market conditions, competitive factors, the ability to successfully complete additional financings, the companies failure to implement its business strategies and other risks.