MIRAMAR BEACH, Fla. and
MANCHESTER, England, Aug. 9 /PRNewswire-FirstCall/ -- NuEarth
Corporation (Pink Sheets: NUEC) ("NuEarth"), a manufacturer and
marketer of "Clean & Green" products and technology, today
announced the signing of a multi-year agreement with Cheforfield
Distribution Ltd ("Cheforfield") of Manchester, England UK to distribute primarily
the AquaSolv™ and AB Tech product lines over the life of the deal.
As a part of the agreement, NuEarth will provide Cheforfield
with a supply of products on consignment for the first 6 months of
the agreement and Cheforfield will commit to a minimum of
$500,000 USD for marketing;
advertising and distribution costs for the regional territory over
the first 12 months of the agreement. Under the terms of the
agreement, Cheforfield will also be offered as part of their
regional territory the Northern European area upon reaching a
minimum of $11 Million USD in gross
sales over a 18 month sales cycle starting after the first 6 month
introductory and evaluation period of the agreement.
NuEarth and Cheforfield will cooperate on retail product
certification and have agreed to work together to secure support
from key regional wholesale and free trade zone services to better
ramp the expansion of the product distribution in the region.
Both companies will also work to ensure the continuation of
NuEarth's current regional client product demands, and look to
expand our customer choices for applications of our products.
Cheforfield Distribution Ltd is a newly formed product
distribution Company, founded by Mark Cheforfield who brings more
than 30 years of chemical product marketing and sales in the EU.
Mr. Cheforfield is joined by his partners Jay Abujaub and
Rhiad Mohamid Nygen. Their combined retail and wholesale
product marketing and sales experience is 97 years in the chemical
industries of the European Union.
NuEarth is a company dedicated to bringing to market "Clean
Solutions to Complex Problems" by offering a wide range of
biodegradable, environmentally friendly products and technologies
that will substitute for many of the hazardous chemicals commonly
used all over the world. For information about NuEarth and
its product offerings visit us on the web at
www.nuearthcorp.com
This press release contains forward-looking statements regarding
NuEarth within the meaning of Section 27A of the Securities Act of
1933 as amended, as such, may involve risks and uncertainties. Such
statements are based on management's current expectations and
cannot be guaranteed. The forward-looking statements
discussed in this release may not occur and actual results could
differ materially as a result of known and unknown risk factors
affecting NuEarth. Forward-looking statements speak only as
of the date on which they are made and NuEarth undertakes no
obligation to publicly revise any forward-looking statement based
on the result of new information, future events, or otherwise.
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Investor relation
contact:
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c/o: Alfon
Rosalini
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866-311-6373
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Alfon.rosalini@nuearthcorp.com
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SOURCE NuEarth Corporation
Copyright g. 9 PR Newswire