MSE Enviro-Tech Corp. and Janus Products Corp. Sign Memorandum of Understanding Regarding the Titan21 Fire Blanket
October 26 2009 - 8:33AM
Marketwired
MSE ENVIRO-TECH CORP. (MEVT) (PINKSHEETS: MEVT) (FRANKFURT: MEH) is
pleased to announce that it and Janus Products Corp. (Janus) have
signed an MOU (Memorandum of Understanding) whereby:
-- Janus will transfer all the Titan21 Fire Blanket rights to a wholly
owned subsidiary of MEVT (to be incorporated immediately).
-- Janus will implement a complete online e-commerce site of its Titan21
Fire Blanket products along with a North American-wide affiliate program.
-- Sales from all online sources will have a revenue sharing split of 75%
to Janus and 25% to MEVT.
The MOU also covers such items as inventory costs, etc. and
Janus further proposes to assist and turn over all contacts and
potential sales of its Titan21 Fire Blanket product to direct
buyers in such industries as Hotel, Restaurant, Fire Products
Wholesale Industries and other retail and wholesale outlets and any
sales derived from such non-internet related sales will have a
revenue share of 80% to MEVT and 20% to Janus.
The MOU, signed by both MSE Enviro-Tech Corp. and Janus Products
Corp, will serve as the basis for a binding agreement between the
companies regarding the promising Titan21 Fire Blanket.
The Titan21 Fire Blanket
The Titan21 Fire Blanket protects people, including fire
fighters, from fire, and can also be used to blanket, and
extinguish, the fire source. It is ideal for houses, offices,
hospital, hotels, buses, ships, nightclubs etc. Unlike synthetic
fire blankets, that are designed to only withstand flash fire, the
Titan21 Fire Blanket protects from flash fires as well as DIRECT
FIRE attack.
Obviously, the Titan21 Fire Blanket is of particular value in
any fire rescue operation, where it can wrap the person being
rescued in what is, effectively, a completely fire-retardant cocoon
of safety. It is also of great value for such critical applications
as military operations, camping and other uses where risks may be
greater than usual and safety is of paramount importance. The
Titan21 Fire Blanket will not burn or be penetrated by flames,
acting as a wall of protection against fire.
MSE Enviro-Tech Corp.
MEVT owns the United States marketing rights to the Hartindo
line of anti-fire products that represent an extraordinary and
proven technology for fighting and preventing accidental fires. The
environmentally friendly Fire Extinguishing and Fire Inhibiting
properties of Hartindo products address a wide range of critical
needs in fire prevention, including the overall goal of lowering
the enormous losses, in both life and property, caused by
accidental fires across North America each year. MEVT is planning a
marketing campaign and the establishment of a nationwide network of
agents and distributors for the exciting Hartindo product line.
"We are confident that the MOU signed with Janus Products Corp.
will quickly lead to a definitive agreement that will benefit both
companies as they move forward together to fulfill the strong
potential that is inherent in the exciting Titan21 Fire Blanket,"
stated Mr. Gilles Trahan, CEO-President of MSE Enviro-Tech
Corp.
For more information and/or to subscribe for regular news
updates from MSE Enviro-Tech, please visit:
http://www.mseenviro-tech.com
Common Shares Outstanding: 15,979,373
Safe Harbor Statement
This release may contain forward-looking statements that involve
risks and uncertainties, including without limitation, acceptance
of the company's products, increased levels of competition, product
and technological changes, the company's dependence upon financing
and third-party suppliers, and other risks detailed from time to
time in the company's materials. Statements are subject to change
without notice. We assume no obligation to update any
forward-looking statements and nothing herein should be taken as a
promise or representation.
For further information: Contact: MSE Enviro-Tech Corp. Investor
Relations Contact: Mr. Brent O'Connor +1 647 343-2549