Newron Sport (NSPT) Finalizes Negotiations With Sports Excellence for Distribution of Skates Across Country

Date : 05/27/2010 @ 2:30PM
Source : Marketwired
Stock : Newron Sport (PK) (NSPT)
Quote : 0.00005  -0.00005 (-50.00%) @ 2:30PM

Newron Sport (NSPT) Finalizes Negotiations With Sports Excellence for Distribution of Skates Across Country

Newron Sport (PK) (USOTC:NSPT)
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Newron Sport (PINKSHEETS: NSPT) is pleased to announce that it has finalized negotiations with retail chain Sports Excellence. Sports Excellence will distribute Newron's Inline skates across the country.

Newron Sport had entered into negotiations with Sports Excellence Corporation for the distribution of all Newron Inline skates to all of its member dealer networks in North America just a few weeks ago. Newron is now excited about the conclusion of the negotiations and is ready to begin shipping the Newron product.

"I am really impressed with the Newron Technology. I really think it will have a positive impact on Sports Excellence clientele," stated Gilles Stubbins, Sales and Development Manager of Sports Excellence Corporation.

Sports Excellence was established in 1950 and currently has over 80 member-dealers. Sports Excellence member-dealers are independently owned retailers that offer a great range of leading sports products from winter sports, team sports, clothing and footwear.

Mr. Robert Ritondo, President of Newron Sport N.A., stated, "We are extremely excited about concluding our deal with Sports Excellence. They are a fantastic retailer that currently has over 80 locations nationwide that we are looking into penetrating."

About Newron Sport

Newron's patented tandem device is a unique product that focuses on both recreational use and enhancing sports performance by allowing the enjoyment of inline skating on hard and rough surfaces without the vibrations and loss of balance because of surface imperfections as the Newron skate system absorbs these imperfections and provides the inline skate user the feel of a smooth glide, stride and maneuverability of an ice skate, all while offering the user a safer and more efficient braking system than the conventional inline skates.

The Newron inline skates is intended both to help prevent injury and to improve athletic performance via its confidence enhancing attributes among inline skate sports participants. The Newron inline skate seeks to foster the enjoyment of sports by people of all ages.

Safe Harbor

Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties.

Contact: Newron Sport Investor Relations: Phone Number: (973) 351-3868

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