Veridien Corp. signs Master Distributor Agreement for BVI and Caribbean.ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Jan. 13, 1997--Veridien Corp. (Bulletin Board:VERD) announced Monday that it has signed a Master Distribution Agreement with MAJU MAJU Mohammad Ali Jinnah University (Pakistan) Distributors Caribbean Ltd. MAJU Distributors Caribbean Ltd. is based on the Island of Tortola in the British Virgin Islands British Virgin Islands A British colony in the eastern Caribbean east of Puerto Rico and the U.S. Virgin Islands. Road Town, on Tortola Island, is the capital. Population: 21,700. Noun 1. . The agreement with MAJU is the first in a series of distribution contracts made possible by Veridien Corp.'s recent announcement of the Strategic Alliance Agreement with National Brands Inc., the exclusive distributor for the commercial/industrial line of DowBrands products. Veridien Corp. is a manufacturer and distributor of a line of infection control chemicals including VIRAHOL(r), a patented, EPA EPA eicosapentaenoic acid. EPA abbr. eicosapentaenoic acid EPA, n.pr See acid, eicosapentaenoic. EPA, n. registered biodegradable, and non-toxic, by OSHA OSHA n. Occupational Safety and Health Administration, a branch of the US Department of Labor responsible for establishing and enforcing safety and health standards in the workplace. standards, disinfectant. Under the terms of the agreement, MAJU will serve more than 25 of the islands in the Caribbean This is a list of islands of the Caribbean. Anguilla
Mark Vanterpool, president of MAJU, stated, "We expect to sell more than $1,000,000 (wholesale value) of Veridien products in the next 12 months." MAJU plans to build a manufacturing facility in the next six to nine months at a strategic location in the Caribbean to reconstitute re·con·sti·tute tr.v. re·con·sti·tut·ed, re·con·sti·tut·ing, re·con·sti·tutes 1. To provide with a new structure: The parks commission has been reconstituted. 2. Veridien product concentrates to final product. The marketing and sales team for MAJU have been trained at the Veridien facility in St. Petersburg by Veridien Corp. and National Brands Inc. Paul L. Simmons, a director of Veridien, who has been assisting with the contract for several months, stated, "Mr. Vanterpool's success in the region over the past 10 years is a good indicator of what Veridien can expect from MAJU over the years to come." For additional technical information, please call Veridien Corp. at 813/572-5500. -0- Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. There are a number of important factors that could cause actual events or the company's actual results to differ materially from those indicated by such forward looking statements including market acceptance of, and demand for, the company's products, manufacturing issues, product pricing, competition, intellectual property rights and litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , general economic conditions, and other risks that may exist in the marketplace. CONTACT: Veridien Corp., St. Petersburg Carl Lavoie, Investor Relations Investor relations The process by which the corporation communicates with its investors. Dept. 407/834-0312 |
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