Daytonabrands, Inc. Reaches Branding, Licensing, and Distribution Agreement Involving the Chinese Government
Market Wire
Posted: 2007-06-21 12:23:20
IRVINE, CA and DAYTONA BEACH, FL -- (MARKET WIRE) -- 06/21/07 -- Daytonabrands, Inc. (PINKSHEETS: DYTB), a manufacturer and marketer of innovative consumer products for the automobile and home, announced today the company has reached a Major Licensing agreement involving the Beijing Government's Automotive Accessories Division.
The Chinese Automotive Accessories Division is responsible for more than $1.2 Billion (U.S. Dollars) in sales and is looking to grow their business to $10 Billion (U.S. Dollars) over the next 5 years. Currently, most of the Division's Products state "Made in China"; through this agreement the products will add the "Daytonabrands" corporate name to allow for greater branding, licensing, and distribution.
"It normally takes many years at huge expense to be considered for such an opportunity. Through one of our shareholders we were able to secure a strong relationship with the Chinese Government, which led to this deal. As a result we are able to now tap into this massive sales market," stated Scott Harkness of Daytonabrands.
Daytonabrands products have been sold through Ace Hardware, Costco, Savon, Albertsons, Walgreens, Checker, Kragen, Advance Auto, Schucks, Autozone, AJ Prindle, Access Garage Doors, Silvo, Pantograms, Herrington, Egg Shops, GarageToys.com, garagedepot.com, Garage Doors and More, Car Care, Logo Advantage, Marwest, Meban Tuire and Auto, Ford Lincoln, 9Dollar Ads, Olson Wholesale, Automotive Parts Network, B7L Distribution, Brandsmall, Harbor Freight, Electronic Express, Lillian Vernon, numerous websites, independent retailers and warehouse distributors.
About Daytonabrands
Daytonabrands is a manufacturer and marketer of innovative automotive products. The company has reunited the "best in the industry" automotive marketing and sales "powerhouse team" comprised of former Armor All Corporation senior executives, including its founder, Alan Rypinski. For more information please review the company's website at: (========0).
Statements contained in this news release, aside from those identifying historical facts, are 'forward-looking statements' within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual company results and performance may be materially different from any future results, performance, strategies, plans or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.
Contact:
Daytonabrands, Inc.
Joe Bosler
949-303-2002
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Clipper Marketing
Investor and Public Relations
858-452-5522 |
