Novacab International Inc. Announces Plans for Distribution of Its Products
April 24 2014 - 6:01PM
Marketwired
Novacab International Inc. Announces Plans for Distribution of Its
Products
CANDIAC, QC--(Marketwired - Apr 24, 2014) - Novacab
International Inc. (OTC Pink: NVOB) (PINKSHEETS: NVOB)
Novacab announces to its
shareholders that it is addressing the trucking sector in the USA
and Canada with the penetration of the market of 458,000 trucks
with sleeper cabs out of a fleet of 2,400,000 Class 8 trucks in the
USA and Canada. This technology especially applies to 240,000
units used for refrigeration. Furthermore there are 125,000
new vehicles of Class 8 with sleeper cabins built every year in
North America.
Distribution of the Novacab
product line is being done through a network of distributors: there
are three types of Distributors:
- Class A Distributor: Dealers selling trucks
- Class B Distributor: Transport companies handling their own
fleet
- Class C Distributor: Service Centers catering to all
independent brokers needs for maintenance repairs.
Stephane Bilodeau, president,
adds, "We are in the process of entering into agreements with 10
Distributors in Canada and the USA. Our first US offices are
preparing to open in California and Florida. In Canada, the
penetration will be directed through our corporate offices in
Candiac, Sorel and Sherbrooke."
In the next 6 months, 10
Distributors will be operational followed by the goal of having 25
Distributors within 2 years. Our objective is to have the
Distributors retrofit existing vehicles and provide for the
installation of units within the market of 125,000 Class A trucks
built each year. At an average unit cost of $ 10,000.00,
Novacab's revenues shall attain new heights.
This represents 4,850 units at
a value of $ 10,000.00 USD per unit. For the first 12 months,
$ 4,589,000.00 USD
of sales for Novacab International Inc.
This technology allows for the
vehicles to maintain electrical power used for heating and
refrigeration without the need to operate the engines or through
the use of generators. This provides for a reduction in yearly
fuel consumption between 6,000 and 8,000 litres per truck as well
as a reduction of C02 and other gas emissions as well as prolong
the engine's useful life between 200 000 km to 300 00 km.
Currently 22 states in the USA
and half of the Canadian provinces have recently passed legislation
forbidding idling truck engines when stopped anywhere especially at
truck stops.
More updates are
forthcoming.
Forward-Looking Statements
This news release contains "forward-looking statements", as that
term is defined in Section 27A of the United States Securities Act
of 1933 and Section 21E of the Securities Exchange Act of
1934. Statements in this press release that are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future.
Contact: Donna Giroux dgiroux@novacab.ca
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