Newron Sport (NSPT) Receives Order and Finalizes Deal With Source for Sports
May 04 2010 - 8:13AM
Marketwired
Newron Sport (PINKSHEETS: NSPT) is pleased to announce today that
it has finalized an agreement, which has resulted with its first
order, with one of the most recognized sports distributors in North
America, Source for Sports (www.sourceforsports.com). This order
starts the distribution of Newron skates to over 200 affiliated
retailers.
Source for Sports has agreed to proceed with its first order of
the Newron inline skates as a new and innovative product that will
complement and enhance the image for Source for Sports.
Mr. Robert Ritondo, President of Newron Sport N.A. stated, "The
response from the affiliated members is tremendous and they are
anxious to get their hands on our products and begin introducing
them to their customers. On only the first day of this agreement we
already received two purchase orders from affiliated members."
"We knew that our products would be well received, but this news
of two affiliates jumping on board immediately, to start the
ordering process is absolutely fantastic. If each affiliate was to
order 1 pair of each size through all 200 affiliates, it would have
a huge positive effect on the bottom-line."
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 investor@newronsport.com
Newron Sport (PK) (USOTC:NSPT)
Historical Stock Chart
From Dec 2024 to Jan 2025
Newron Sport (PK) (USOTC:NSPT)
Historical Stock Chart
From Jan 2024 to Jan 2025