Global General Technologies' Collagenna and Propolife Reach MLM Distribution
Agreement for Norway
Marketing Plans Include MLM Distribution within Existing Network.
Expected Value of Contract Estimated at $500,000
MONTREAL, Oct. 27 /PRNewswire-FirstCall/ - Global General Technologies' (GLGT:
PK) (www.glgt-corporate.com) wholly-owned subsidiary, Collagenna Skin Care
Products, (http://collagenna-usa.com/1_5/) announced today the realization of
a 3 year distribution agreement with Propolife of Sarpsborg, Norway.
Propolife is a Norwegian MLM company which has been developing and marketing
Aloe Vera based products since 1990. They possess an existing network of over
6000 registered users, primarily in Norway and have expansion plans for the
rest of Scandinavia. As well as products, they offer different course to their
members which include product knowledge, basic accounting, new member
recruitment as well as presentation skills. www.propolife.com
Collagenna Skin Care Products Agent for Scandinavia, Ragnar Zaal, states "We
have been discussing distribution with several interested parties and once we
met with Propolife's principals, we knew that this was a win-win situation.
They are extremely organized with tremendous marketing skills. They had been
looking for a Skin Care Line to compliment their other product line and
Collagenna was a natural fit".
Final translations are in progress so that initial shipments can be delivered
during the first week of November.2009. After an initial period of training
and presentation to its members, the project is expected to be fully ramped up
by the Spring of 2010. This agreement should generate around $200,000 of sales
annually for the Norwegian Market. Future expansion plans by Propolife into
the rest of Scandinavia will increase this figure.
Collagenna will be updating investors periodically on the progress of the
marketing campaign rollout over the next two months.
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harbor Provision's under the Private Securities Litigation Reform Act of 1995.
The words or phrases "can be," "expects," "may affect," "believed,"
"estimate," "project," and similar words and phrases are intended to identify
such forward-looking statements. Global General Technologies, Inc. cautions
you that any forward-looking information provided by or on behalf of Global
General Technologies, Inc. is not a guarantee of future performance. None of
the information in this press release constitutes or is intended as an offer
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Technologies Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of various
important factors, some of which are beyond Global General Technologies Inc.'s
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Inc.'s estimate of the sufficiency of its existing capital resources, Global
General Technologies Inc.'s ability to raise additional capital to fund future
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indebtedness, the uncertainties involved in estimating market opportunities
and, in identifying contracts which match Global General Technologies Inc.'s
capability to be awarded contracts. All such forward-looking statements are
current only as of the date on which such statements were made. Global General
Technologies, Inc. does not undertake any obligation to publicly update any
forward-looking statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of unanticipated
events.
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SOURCE Global General Technologies, Inc
www.glgt-corporate.com; For any corporate matters, please contact
www.minamargroup.com/helpdesk; Investor Relations Department, (302) 357-9915,
(IR), 1st Level Support Retail Clients General Inquiry, 1-800-365-4331 (M&A),
Corporate Matters, www.minamargroup.com (M&A), www.minamargroup.net (IR)
