Newron Sport Corporate & Shareholder Update
May 14 2010 - 4:10PM
Marketwired
Newron Sport (PINKSHEETS: NSPT) is pleased to provide a corporate
and shareholder update.
Dear Shareholders:
The first quarter of 2010 has provided Newron Sport N.A. with an
increasingly positive outlook for the remainder of the year. Newron
has exceeded numerous test projections across the board, and
remains at a steady growth. Customer satisfaction is at levels
higher than anticipated.
There have been various changes that took place over the last
few months, which have paved the way for impressive new retail
listings and has opened the door to numerous options. These options
include potential joint venture and licensing opportunities that
are favorable to Newron Sport. The company has turned its attention
to the refinement of administrative systems, issues of compliance,
and the expansion of the company's sales division. Newron Sport has
also made important and substantive progress for the 2010 year.
Newron will continue with the forward momentum as the sales year
continues and will keep looking for opportunities that will
maximize shareholder value. The Company is focused 100% on
developing its technology and obtaining customers. Newron Sport has
no intention on doing any kind of splits on the current stock. We
do hope our continued positive momentum is reflected in our stock
price sooner than later. Our team is determined to bring Newron to
a position of leadership in the sporting good industry, and we will
not rest until that goal has been achieved.
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.
Sincerely,
The Newron Management Team.
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)
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