Napier Goes Retail
VANCOUVER, BRITISH COLUMBIA--Napier International Technologies,
Inc. (NIR.TSE) is pleased to report the signing of an agreement
with Truco Enterprises who has agreed to take on the
responsibilities of brand development, marketing and distribution
for the United States of America. Truco Enterprises is located in
Dallas, Texas, and develops, markets, and distributes consumer
products throughout the U.S.
Napier has agreed to a private label agreement for one year, with
performance-based annual renewals that will allow Truco the right
to explore Napier's entire line of products for retail/consumer
applications into specific retail channels in which Truco
Enterprises has expertise. Truco will develop a line of
retail/consumer products and sell to retailers such as Costco,
Sam's Club, BJ Wholesale Club, Target, Wal-Mart, K-Mart, JC Penny
and Sears.
To date, Napier has identified a number of possible consumer
applications, which will include the following:
/T/
1. General Paint remover 2. Varathane remover
3. Graffiti remover 4. Oven cleaner
5. Bumper sticker and glue remover 6. Oil and grease remover
7. Rust remover 8. Auto parts stripper
9. Rust inhibitor 10. Grout/tile cleaner
11. BBQ grill cleaner 12. Sap remover
/T/
In order for Truco to maintain the annual contract they must
purchase a minimum of US $3.75 million of product from Napier over
the first four years and a minimum of US $2.5 million each year
thereafter for these accounts alone. Truco has been active in the
retail markets since 1992 and has recently been nominated for
"Vendor of the Year" award from Wal-Mart for their excellent
service and product management. Truco has also been elected into
the Dallas 100 for the third year in a row. This award recognizes
the top 100 fastest growing companies in Dallas.
Dave Silver, the President of Truco Enterprises, stated that "all
of us at Truco Enterprises are looking forward to this new and
exciting venture with Napier. We are confident that the
combination of the Napier/Truco team, Napier's diversified
retail/consumer product line and our ability to launch into the
retail market, will generate results that will far exceed the
minimum quotas."
Truco is a very diversified company and Napier is working on
closing two more contracts with Truco in the very near future,
which will include a new consumer product and the development of
the automotive market internationally.
Napier continues to enjoy a steady growth and will continue to
expand its product line through representatives, distributors, and
joint-venturre partners on a global basis.
ON BEHALF OF THE BOARD OF DIRECTORS
Bradley T. Aelicks, President/Director
-30-
FOR FURTHER INFORMATION PLEASE CONTACT:
Napier International Technologies Inc.
Jason Cubitt
(604) 801-6664
or
Napier International Technologies Inc.
Don Mosher
(604) 801-6664
Website: www.napierintl.com
Email: nir@direct.ca |
