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August 29th, 2007
XetaComp Inks Distributor Agreements
XetaComp Nanotechnologies, LLC has announced the achievement of a significant milestone in the signing of distributor agreements that will take sunVex products into national and international markets. These accounts, when fully implemented, will generate substantial revenue for the company, with projections from $10 to $20 million in the first years of operation.
"This early feedback is of great importance, because it is a measure of potential market acceptance, since sunVex represents a new type of sunscreen product," says Earl Herring, XetaComp's General Manager. "The new consumer market is demanding higher performance, broad spectrum sunscreens in a growing number of personal care products. They want naturally derived products with no harsh chemicals. This is what our sunVex product line offers."
To date, XetaComp has signed agreements with a distributor who will provide sunVex products to armed services personnel and base exchanges and another who has international marketing capabilities and will begin exporting product to a burgeoning Chinese market. Other new distributors will provide sunVex products to private service sectors, and hotels and resorts. Individual distributor agreements are in place for Oklahoma, Florida, Arizona and Maryland.
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