NuEarth Corp. (NUEC.PK)
NUEC, a manufacturer and marketer of “Clean & Green” products and technology, recently announced the signing of a multi-year agreement with Cheforfield Distribution Ltd (”Cheforfield”) of Manchester, England UK to distribute primarily the AquaSolv™ and AB Tech product lines over the life of the deal.
As a part of the agreement, NuEarth will provide Cheforfield with a supply of products on consignment for the first 6 months of the agreement and Cheforfield will commit to a minimum of $500,000 USD for marketing; advertising and distribution costs for the regional territory over the first 12 months of the agreement. Under the terms of the agreement, Cheforfield will also be offered as part of their regional territory the Northern European area upon reaching a minimum of $11 Million USD in gross sales over a 18 month sales cycle starting after the first 6 month introductory and evaluation period of the agreement.
NuEarth and Cheforfield will cooperate on retail product certification and have agreed to work together to secure support from key regional wholesale and free trade zone services to better ramp the expansion of the product distribution in the region. Both companies will also work to ensure the continuation of NuEarth’s current regional client product demands, and look to expand our customer choices for applications of our products.
Cheforfield Distribution Ltd is a newly formed product distribution Company, founded by Mark Cheforfield who brings more than 30 years of chemical product marketing and sales in the EU. Mr. Cheforfield is joined by his partners Jay Abujaub and Rhiad Mohamid Nygen. Their combined retail and wholesale product marketing and sales experience is 97 years in the chemical industries of the European Union.
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EQ Labs, Inc. (Pink Sheets:EQLB)
EQLB announced recently that poker superstar and celebrity spokesperson Vanessa Rousso appeared with Company CEO Maurice Owens on the Las Vegas affiliate of ABC television (KTNV - Channel 13) promoting EQ Labs effervescent energy tablet.
Mr. Owens and Ms. Rousso announced a major promotion for Labor Day Weekend at the Convention Center location of Walgreens in Las Vegas for EQ Lab’s “Smart Energy Drink.” The company is expecting a very large audience on September 4, 2010. Each person that buys EQ at the Walgreens location that day wins a chance for a 1 hour personal poker boot-camp with Vanessa Rousso. The second winner will get a chance to ride in an off-road racing car with Baja racing champion TJ Flores.
On June 24, 2010, the company announced that Vanessa Rousso had signed an endorsement contract with EQ Labs. Ms. Rousso is a member of the prestigious Team PokerStars(R) (http://www.pokerstars.net). In addition, she signed an endorsement contract as a celebrity spokesperson for Go Daddy in 2009. Ms. Rousso also appeared in the Sports Illustrated Swimsuit Issue.
Last week, EQ Labs CEO Maurice Owens was featured on “The Morning Blend” show talking about the virtues of EQ Energy drink while also displaying the company’s complete product line.
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Teva Pharmaceutical Industries Ltd. (Nasdaq:TEVA)
TEVA announced today that the U.S. District Court for the Southern District of New York has denied a motion for summary judgment filed by Sandoz Inc./Momenta Pharmaceuticals, Inc., that the patents at issue are invalid for indefiniteness. The court has not yet set a trial date.
Richard Egosi, Corporate Vice President and Chief Legal Officer commented: “Teva is very pleased with today’s decision, which reaffirms our belief that the patents are valid and enforceable. We remain committed to vigorously defending Copaxone® IP rights against infringement wherever they are challenged.”
About Teva
Teva Pharmaceutical Industries Ltd. (NASDAQ:TEVA) is a leading global pharmaceutical company, committed to increasing access to high-quality healthcare by developing, producing and marketing affordable generic drugs as well as innovative and specialty pharmaceuticals and active pharmaceutical ingredients. Headquartered in Israel, Teva is the world’s largest generic drug maker, with a global product portfolio of more than 1,250 molecules and a direct presence in approximately 60 countries. Teva’s branded businesses focus on neurological, respiratory and women’s health therapeutic areas as well as biologics. Teva’s leading innovative product, Copaxone®, is the number one prescribed treatment for multiple sclerosis. Teva employs more than 35,000 people around the world and reached $13.9 billion in net sales in 2009.
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