Remedent, Inc. Announces Factoring Agreement with First Community Financial, a Division...

Remedent, Inc. Announces Factoring Agreement with First Community Financial, a Division of Pacific Western Bank

- Factoring Limit Set at $1,000,000 -
DEURLE, Belgium--(Business Wire)--
Remedent, Inc. (OTCBB: REMI), an international company
specializing in oral care and cosmetic dentistry products, today
announced it had entered into a factoring agreement with First
Community Financial for $1 million for receivables arising from
iWhite range of products currently being sold nationally in the USA in
drug stores and supermarkets.

Remedent began shipping the last quarter ended March 31, 2008 four
SKU's, namely its iWhite Teeth whitening kit, iWhite maintenance,
iWhite toothpaste and iWhite refill strips into the mass market.

"We are very pleased to announce that we have teamed up with First
Community Financial to help us grow our OTC business in the United
States," stated Robin List, Chief Executive Officer of Remedent. "This
is just another step we need to take to build our OTC business and
presence in the USA. The Agreement shall remain in effect until
October 16, 2008 and may be renewed for successive six month periods
unless terminated under certain non-disclosed conditions.

About Remedent, Inc.

Remedent, Inc., a publicly-traded company on the OTCBB,
specializes in the research, development, manufacturing and marketing
of oral care and cosmetic dentistry products. With offices in
California, Belgium and Singapore, Remedent distributes its products
in more than 35 countries. For additional information, visit
Remedent's web site at www.remedent.com.

FORWARD-LOOKING STATEMENTS

"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: The statements by Robin List, the statements
regarding growth of the OTC product line, optimism related to the
business, expanding sales and other statements in this press release
are forward-looking statements within the meaning of the Securities
Litigation Reform Act of 1995. Such statements are based on current
expectations, estimates and projections about the Company's business.
Words such as expects, anticipates, intends, plans, believes, sees,
estimates and variations of such words and similar expressions are
intended to identify such forward-looking statements. These statements
are not guarantees of future performance and involve certain risks and
uncertainties that are difficult to predict. Actual results could vary
materially from the description contained herein due to many factors
including continued market acceptance of the Company's products. In
addition, actual results could vary materially based on changes or
slower growth in the oral care and cosmetic dentistry products market;
the potential inability to realize expected benefits and synergies;
domestic and international business and economic conditions; changes
in the dental industry; unexpected difficulties in penetrating the
oral care and cosmetic dentistry products market; changes in customer
demand or ordering patterns; changes in the competitive environment
including pricing pressures or technological changes; technological
advances; shortages of manufacturing capacity; future production
variables impacting excess inventory and other risk factors listed
from time to time in the Company's Securities and Exchange Commission
filings under "risk factors" and elsewhere. The forward-looking
statements contained in this press release speak only as of the date
on which they are made, and the Company does not undertake any
obligation to update any forward-looking statement to reflect events
or circumstances after the date of this press release.

Remedent, Inc.
Robin List, CEO, 011-3293217080
robinl@remedent.be
or
Wolfe Axelrod Weinberger Associates, LLC
212-370-4500
Alisa Steinberg (Media)
alisa@wolfeaxelrod.com
or
Stephen D. Axelrod, CFA (Investors)
steve@wolfeaxelrod.com

Copyright Business Wire 2008