Relevium Signs Exclusivity Agreement for Provinal
Ultra-Purified Omega 7
December 6, 2017
December 6, 2017 MONTREAL, QUEBEC Relevium
Technologies Inc. (TSX.V: "RLV" and Frankfurt:
"6BX") (the "Company" or
"Relevium") is pleased to announce the signing of
an exclusive distribution agreement (the
"Agreement") with Tersus Life Sciences for
Provinal C16:1n7 a
patented, ultra-purified Omega 7 fatty acid blend.
Highlights
- Provinal is a patented ultra-purified Omega 7 fatty acid
blend
- Shown to decrease: insulin resistance, hepatic fat accumulation
and acute and chronic inflammation with no known side effects
- Omega global market is estimated at USD 57B by 2025
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- North American exclusivity for online sales through Amazon,
Walmart/Jet and others
- Initial 2-year term
Aurelio Useche, CEO of Relevium
Technologies stated: "Omega fatty acid products sell extremely
well online, especially through Amazon.com." Mr. Useche continued, "Relevium is extremely proud to
have secured this deal. We will now enable all of our brands, be it
BioGanix or new brands to have
exclusive, cutting-edge products a major differentiator for online
D2C retailers swimming in a sea of generics. We would like to thank
Dr. Tina Sampalis who sits on the Relevium
Board and is also the Chief Science
Officer at Tersus for providing this opportunity to us. Dr.
Sampalis is credited with the discovery and pioneering of krill oil
while she was at Neptune
Technologies."
Mr. Useche went on to say: "The krill oil market is expected to
reach USD 709.4
million by 2025. We think that Relevium can be instrumental
in building up the Omega 7 market for humans and pets with Provinal through online
marketing in North America. We see a strong opportunity here and
are excited to provide access to cutting-edge nutraceuticals to
online buyers."
What is Provinal?
Provinal Omega 7 is a
novel, patented and clinically-substantiated monounsaturated
fatty-acid ingredient targeting the prevention and reversal of
dyslipidemia, and cardio-metabolic disorders. Provinal Omega 7 is a
naturally-occurring highly purified monounsaturated fatty acid.
Preclinical and clinical evidence has demonstrated a broad range of
benefits bridging the treatment gap in highly prevalent disorders
with special emphasis on lipid management.
Omega 7 (purified palmitoleic acid) oil of palmitate can
potentially help in the fight against diabetes, metabolic syndrome,
and atherosclerosis. In this
4-minute video, Dr. Michael F. Roizen, frequent contributor on
the Dr. Oz show and Chairman of
the Wellness Institute of The Cleveland Clinic, explores the
beneficial effects of Provinal on the management of
atherosclerosis, its causes and consequences: heart disease,
stroke, memory loss, impotence, and wrinkling.
Purified Omega 7 has been shown to decrease insulin resistance,
decrease hepatic fat accumulation, and decrease acute and chronic
inflammation with no known side effects.
More information can be found on the Tersus Life Sciences webpage
at tersuslifesciences.com
Terms of Exclusive Distribution Agreement
Relevium has a two (2) year
exclusive distribution agreement for defined online markets in
North America, for certain exclusive Relevium formulations
formulated with Provinal.
An option for an agreement extension will be evaluated, considered
and negotiated by Tersus and
Relevium, subject to the
fulfillment of the two (2) year Agreement Terms. Any agreement
extension would be evaluated, considered and negotiated ninety (90)
days prior to its expiration of the second year of the
Agreement.
Territory and Channels
The Agreement will grant Relevium exclusive rights to
market, sell and distribute the products as described here to the
defined online markets in North America for Relevium's exclusive
formulations and brands, with consideration by Tersus for additional
countries. Additional or other geographical markets and territories
will be agreed upon on a case-by-case basis with final approval to
be granted by Tersus, such
approval not to be unreasonably withheld. Minimum annual purchases
for additional markets and territories will be decided and agreed
upon by Tersus and Relevium.
Products
Tersus will provide Relevium with exclusive
formulations and product specifications and pricing for
custom-formulated Provinal-based products on an exclusive basis custom
designed to target Eye Health and Cardio-metabolic/Metabolic
Syndrome. Final formulations, product specifications and product
and bottled quantities will be determined and approved by
Relevium.
Appointment and Licensee
Tersus will grant Relevium a non-exclusive,
personal, limited and non-transferable license for the Term of the
Agreement, to use and display the Tersus Provinal trademarks and
Intellectual Property ("IP") for the sole purpose and in accordance
with Relevium's obligations
under the Agreement. Trademarks and IP shall mean those:
trademarks, tradenames, service marks, trade dress, logo,
copyrights in advertising and promotional materials, website and
all website links in the territory, scientific and clinical studies
and data.
Relevium also has the right to
appoint sublicenses with prior authorization and approval by
Tersus and subject to the
control and responsibility of Relevium.
Scope of Products
Products shall include all Relevium exclusive Provinal formulated products,
the right of first refusal to market, sell and distribute future
Tersus Provinal and
Provinal combination
newly-formulated products. Tersus
will grant Relevium a right of first refusal to review and evaluate
such newly-formulated products after which Relevium will advise
Tersus of its acceptance or
decline. Acceptance of future Provinal newly-formulated
products will be on an exclusive basis as defined by Relevium's markets, channels
and territories, and as agreed upon in writing.
About Relevium Technologies
Relevium is a
TSXV-listed company focused on growth through the acquisition
of businesses, products and/or technologies with a focus on
e-commerce in the growing health and wellness sector. Relevium
Technologies Inc. also holds patented intellectual property for the
use of static magnetic fields for application on wearable
devices.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking information
within the meaning of applicable securities legislation, which
reflects the Company's current expectations regarding future
events. Forward-looking information is based on several assumptions
and is subject to several risks and uncertainties, many of which
are beyond the Company's control that could cause actual results
and events to differ materially from those that are disclosed in or
implied by such forward-looking information. Readers should not
place undue reliance on forward-looking statements and
forward-looking information and are cautioned that reliance on such
information may not be appropriate for other purposes. The Company
does not undertake any obligation to update such forward-looking
information, whether because of new information, future events or
otherwise, except as expressly required by applicable law.
On Behalf of the Board of Directors
RELEVIUM TECHNOLOGIES INC.
Aurelio Useche
President and CEO
For more information about this press release:
Edward Ierfino
Investor Relations
Tel: +1(514) 562-1374
RELEVIUM TECHNOLOGIES INC
Email: eierfino@releviumcorp.com
Website: www.releviumtechnologies.com
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