Newron Sport Corporate & Shareholder Update
February 24 2010 - 9:30AM
Marketwired
Newron Sport (PINKSHEETS: NSPT) is pleased to provide a shareholder
update.
Dear Shareholders: The last year has
been full of ups and downs. The economic downturn posed a challenge
for many companies, but because of Newron's low operating costs,
efficient business model and experienced management team, Newron
has been able to maintain steady growth during these challenging
times. Newron exceeded test projections across the board, and
customer satisfaction levels are even higher than anticipated. The
changes that took place over the last few months have paved the way
for impressive new retail listings in Canada, the United States and
Europe. The company turned its attention to the refinement of
administrative systems, issues of compliance, and the expansion of
our global sales division. As a team, we've made important and
substantive progress and preparing for the 2010 season. The
licensor of the Newron skate technology has also undergone several
changes over the last few months as it restructures and secures new
alliances and strategic partnerships with industry experts. These
alliances and partnerships open new and exciting opportunities in
the engineering and manufacturing of Newron's leading edge
technologies. Newron will continue with the forward momentum as the
sales year continues and will keep looking for opportunities that
will maximize shareholder value. Newron appreciates the support and
patience of its loyal shareholders and hopes that 2010 will be a
very prosperous year for the company and its shareholders.
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 manoeuvrability 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.
Please feel free to visit the site at: www.newronsport.com
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 investor@newronsport.com
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