Newron Sport (NSPT) Finalizes Negotiations With Sports Excellence for Distribution of Skates Across Country
May 27 2010 - 9:30AM
Marketwired
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 investor@newronsport.com
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