KOLR Press Release on new LOI and customer for KOLRFUSION's process.
Kolorfusion, Inc. and Pet Friendly, Inc. Enter Licensing
Agreement
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DENVER--(BUSINESS WIRE)--Jan. 26, 1999--Steve Nagel, president of
Kolorfusion International, Inc. (OTC BB:KOLR), announced that the
company has entered a Letter of Intent with Pet Friendly, Inc. (Mobile,
Ala.) to finalize a license to the company's patented technology for certain
pet related products.
Pet Friendly is becoming a leading supplier of stainless steel pet food
dishes to the North American market. "Decorating pet food dishes was not
an object that I would have thought of as a use of our Kolorfusion
technology. Yet when you see a pet bowl with designs or corporate logos
it really is an excellent use of our technology. I am also really surprised by
the number of pet related products sold throughout the U.S. each year. Pet
Friendly will give us an opportunity to take our technology into a new
market, which we are very excited about," states Nagel.
Charles Weinacker, vice president of Pet Friendly, states, "The
Kolorfusion technology will allow us to bring exciting new looks to a
product-line that has typically been considered mature for many, many
years. Our lead product-line of stainless steel pet bowls will now be able to
have designs that can be coordinated with the household colors and decor
or can be changed throughout the year to meet the season, such as
Christmas colors for the holidays to professional team logos for the sports
enthusiasts. The ability to adapt corporate licensing characters, to
professional and college sports logos we believe is an excellent way to
expand our markets. Our mass merchant customers sell thousands and
thousands of pet bowls each week and we are excited to introduce the
Kolorfusion technology into these markets starting in 1999."
Pet Friendly has been serving the pet product market since 1992, and
works with major mass merchants, including Wal Mart (NYSE: > WMT ),
Winn Dixie (NYSE: > WIN ), Price Costco, Dollar General (NYSE: > DG )
and others.
Kolorfusion is moving forward in many different product categories as it
proceeds to further market and license its cost-effective technology.
Kolorfusion's patented process allows the creation of intricate,
high-resolution pictures, graphics, illustrations and patterns on plastic and
composite surfaces, as well as coated metal, glass and wood.
See our Website at http:// kolorfusion.com.
For more information contact: Broz Financial Ltd., 800/279-2557 or
303/721-7010. |
