Remedent, Inc. Announces Marketing and Distribution Agreement Introducing Glamsmile(TM) Veneers into the U.A.E., Qatar and Oman
February 15 2008 - 9:00AM
Business Wire
Remedent, Inc. (OTCBB: REMI), an international company specializing
in the research, development, manufacturing of oral care and
cosmetic dentistry products, today announced that it has signed a
sole selective agreement with Al Mazroui Medical & Chemical, a
leading distributor of healthcare and dental products in U.A.E.,
Qatar and Oman, for the marketing and distribution of Glamsmile�, a
revolutionary cosmetic dental system that substantially expands the
consumer and professional dental market for veneers. Al Mazroui
agreed to a negotiated upfront payment and, in order to maintain
its sole selective distributorship in the U.A.E., Qatar and Oman
markets, Al Mazroui further agreed to purchase and install a
specified minimum number of Glamsmile� veneers annually. Both the
upfront payment and the minimum number of Glamsmile� installations
were related to the size of the market opportunity. Remedent and Al
Mazroui will introduce Glamsmile at the U.A.E. International Dental
Conference & Arab Dental Exhibition (AEEDC) in Dubai
(www.aeedc.com) from March 4-6, 2008. Mr. Guy De Vreese, Chairman
of Remedent, noted, �This is Remedent�s second announcement
regarding the marketing and distribution of its Glamsmile� veneers
in various geographic markets, but certainly not the last. We
anticipate several additional agreements to be signed throughout
the world in upcoming months with the negotiated agreement related
to the specific market opportunity. We are gratified by the
acceptance of the Glamsmile� veneer technology to date and look
forward to its continued success in establishing Glamsmile� as the
veneer of choice by perceptive consumers.� About Remedent, Inc.
Remedent, Inc., a publicly-traded company on the OTCBB, specializes
in the research, development, manufacturing and marketing of oral
care and cosmetic dentistry products. With offices in California,
Belgium and Singapore, Remedent distributes its products in more
than 35 countries. For additional information, visit Remedent's web
site at www.remedent.com. FORWARD-LOOKING STATEMENTS �Safe Harbor�
Statement under the Private Securities Litigation Reform Act of
1995: The statements by Guy De Vreese, the statements regarding
growth of the GlamsmileTM product line, optimism related to the
business, expanding sales, the U.A.E., Qatar and Oman markets�and
other statements in this press release are forward-looking
statements within the meaning of the Securities Litigation Reform
Act of 1995. Such statements are based on current expectations,
estimates and projections about the Company�s business. Words such
as expects, anticipates, intends, plans, believes, sees, estimates
and variations of such words and similar expressions are intended
to identify such forward-looking statements. These statements are
not guarantees of future performance and involve certain risks and
uncertainties that are difficult to predict. Actual results could
vary materially from the description contained herein due to many
factors including continued market acceptance of the Company�s
products. In addition, actual results could vary materially based
on changes or slower growth in the oral care and cosmetic dentistry
products market; the potential inability to realize expected
benefits and synergies; domestic and international business and
economic conditions; changes in the dental industry; unexpected
difficulties in penetrating the oral care and cosmetic dentistry
products market; changes in customer demand or ordering patterns;
changes in the competitive environment including pricing pressures
or technological changes; technological advances; shortages of
manufacturing capacity; future production variables impacting
excess inventory and other risk factors listed from time to time in
the Company�s Securities and Exchange Commission filings under
�risk factors� and elsewhere. The forward-looking statements
contained in this press release speak only as of the date on which
they are made, and the Company does not undertake any obligation to
update any forward-looking statement to reflect events or
circumstances after the date of this press release.
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