Ise Blu Equity Corp. Announces Distribution Agreement Wednesday November 8, 2:16 pm ET
COLUMBIA, Md.--(BUSINESS WIRE)--Ise Blu Equity Corp. (OTC:ISBL - News) announced today that its A Accent Decor, Inc. subsidiary has signed a distributorship agreement providing Beere Financial Equity Group, Inc. an exclusive right to market the FibreDecor line of textured wall coatings in Canada. The agreement also allows the distribution of its newly named GemTex Decor line of products to be distributed to wholesalers and retailers, except for national retailers in the Northeastern, East and Southeast regions of the U.S. The agreement is for five years and requires a minimum purchase of 20,000 units the first year in both the U.S. and Canada and escalating minimum purchases per year during the remainder of the agreement. The agreement further sets the price at cost plus a proscribed profit per unit for A Accent Decor. Beere Financial Equity Corp is required to purchase all products and advertising through our subsidiary and has committed to provide a minimum of $200,000 in advertising per year evenly split between the U.S. and Canada in the first year of the contract. A container load of 4,200 units of the product will be placed on Monday, November 13, 2006 for delivery to Canada under this distribution agreement. Our first order for a container to the U.S. has been negotiated and is expected to be delivered during December 2006. The Company believes it has sufficient supply for the current season. Based on Canadian sales history and on projections of sales for 2007 A Accent Decor, Inc. expects a pre tax profit from this distribution agreement ranging from $200,000 to $400,000. ADVERTISEMENT
A Accent Decor, Inc. retains all rights to the other regions of the U.S. and is negotiating additional distribution agreements and independent representation and service contracts. We will retain all direct to consumer marketing and distribution rights and the rights to contract with all national chain retailers. This method allows us to minimize our direct costs and creates known profit margins for all products without the need for substantial overhead on our part.
Ise Blu Equity Corp, a Nevada corporation, is a holding company that specializes in investments from the Consumer Goods, Commodities, Entertainment and Technology sectors.
"Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release that are not historical, are forward-looking statements that are subject to risks and uncertainties that could cause results to differ materially from those expressed in the forward-looking statements, including but not limited to, certain delays and risks detailed from time to time in the company's filings with the Securities and Exchange Commission."
Contact: Ise Blu Equity Corp. Investor relations: Norman Birmingham, 410-309-5960 info*isebluequitycorp.com http://www.isebluequitycorp.com/
-------------------------------------------------------------------------------- Source: Ise Blu Equity Corp.
Posted by R.A. on :