The NuEarth Corporation Awarded $450,000 AquaSolv Contract
PITTSBURGH, Nov. 2, 2010 /PRNewswire/ -- NuEarth Corporation (Pink Sheets: NUEC) ("NuEarth"), a manufacturer and marketer of "Clean & Green" products and technology, today announced that it has received final approval on the first large scale follow-on contract from Marko Trading Limited ("Marko") of Abu Dhabi UAE for a minimum of $450,000 for the usage of the all-natural AquaSolv product line as a water retention product.
"This agreement is the first follow-on contract after the successful completion of the long term distribution Agreement with Marko signed in December 2009. As a part of this agreement, NuEarth provided Marko with a supply of products on consignment for the first 6 months of the agreement. We are pleased that Marko has had such wide spread success with our products. Over the first 12 months of our relationship, Marko has added $983,000 to NuEarth's gross sales," said Yeshiva Silverman, NuEarth Corporation distributor and sales development manager.
NuEarth and Marko will continue to 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. "The success of this relationship is a major milestone in our Company's progress and growth. This contract represents the first follow-on contract for the use of the all natural and biodegradable AquaSolv in the Middle East as a water retention product," said Alfon Rosalini, COO of NuEarth.
"Our Laboratory staff at TerraSolv have been field-testing AquaSolv, as a water retention solution, under real world conditions over the last 12 months in the Middle East in cooperation with the Avalon Group Ltd with dramatic results," said Levi Modelevi CEO of NuEarth. The use of AquaSolv has been proven to reduce water usage in regional landscaping by 36%. AquaSolv has also been proven to improve the efficiency and effectiveness of some fertilizers in field trials by 14%.
TerraSolv / LIA is a state-of-the-art development and testing lab, which collects data from clients around the world to run projects simulations ranging from usability, capacity, spread and weather modeling testing. The heart of the laboratory is a 299-gigabyte database of environmental and agricultural project records running on six HP servers and two Novell servers storing the data and running the modeling software.
NuEarth Corporation is a company dedicated to bringing to market "Clean Solutions to Complex Problems" by offering a wide range of biodegradable, environmentally friendly products and technologies that will substitute for many of the hazardous chemicals commonly used all over the world. For information about NuEarth Corporation and its product offerings visit us on the web at www.nuearthcorp.com
This press release contains forward-looking statements regarding NuEarth Corporation within the meaning of Section 27A of the Securities Act of 1933 as amended, as such, may involve risks and uncertainties. Such statements are based on management's current expectations and cannot be guaranteed. The forward-looking statements discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors affecting NuEarth Corporation. Forward-looking statements speak only as of the date on which they are made and NuEarth Corporation undertakes no obligation to publicly revise any forward-looking statement based on the result of new information, future events, or otherwise.
Investor relation contact: |
|
c/o: Alfon Rosalini |
|
866-311-6373 |
|
SOURCE NuEarth Corporation
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article