PITTSBURGH, Nov. 2, 2010 /PRNewswire/ -- NuEarth Corporation
(Pink Sheets: NUEC) ("NuEarth"), a manufacturer and marketer of
"Clean & Green" products and technology, today announced that
it has received final approval on the first large scale follow-on
contract from Marko Trading Limited ("Marko") of Abu Dhabi UAE for
a minimum of $450,000 for the usage
of the all-natural AquaSolv product line as a water retention
product.
"This agreement is the first follow-on contract after the
successful completion of the long term distribution Agreement with
Marko signed in December 2009.
As a part of this agreement, NuEarth provided Marko with a
supply of products on consignment for the first 6 months of the
agreement. We are pleased that Marko has had such wide spread
success with our products. Over the first 12 months of our
relationship, Marko has added $983,000 to NuEarth's gross sales," said Yeshiva
Silverman, NuEarth Corporation distributor and sales development
manager.
NuEarth and Marko will continue to cooperate on retail product
certification and have agreed to work together to secure support
from key regional wholesale and free trade zone services to better
ramp the expansion of the product distribution in the region. "The
success of this relationship is a major milestone in our Company's
progress and growth. This contract represents the first
follow-on contract for the use of the all natural and biodegradable
AquaSolv in the Middle East as a
water retention product," said Alfon
Rosalini, COO of NuEarth.
"Our Laboratory staff at TerraSolv have been field-testing
AquaSolv, as a water retention solution, under real world
conditions over the last 12 months in the Middle East in cooperation with the Avalon
Group Ltd with dramatic results," said Levi Modelevi CEO of
NuEarth. The use of AquaSolv has been proven to reduce water
usage in regional landscaping by 36%. AquaSolv has also been
proven to improve the efficiency and effectiveness of some
fertilizers in field trials by 14%.
TerraSolv / LIA is a state-of-the-art development and testing
lab, which collects data from clients around the world to run
projects simulations ranging from usability, capacity, spread and
weather modeling testing. The heart of the laboratory is a
299-gigabyte database of environmental and agricultural project
records running on six HP servers and two Novell servers storing
the data and running the modeling software.
NuEarth Corporation is a company dedicated to bringing to market
"Clean Solutions to Complex Problems" by offering a wide range of
biodegradable, environmentally friendly products and technologies
that will substitute for many of the hazardous chemicals commonly
used all over the world. For information about NuEarth
Corporation and its product offerings visit us on the web at
www.nuearthcorp.com
This press release contains forward-looking statements regarding
NuEarth Corporation within the meaning of Section 27A of the
Securities Act of 1933 as amended, as such, may involve risks and
uncertainties. Such statements are based on management's current
expectations and cannot be guaranteed. The forward-looking
statements discussed in this release may not occur and actual
results could differ materially as a result of known and unknown
risk factors affecting NuEarth Corporation. Forward-looking
statements speak only as of the date on which they are made and
NuEarth Corporation undertakes no obligation to publicly revise any
forward-looking statement based on the result of new information,
future events, or otherwise.
Investor relation
contact:
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c/o: Alfon
Rosalini
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866-311-6373
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Alfon.rosalini@nuearthcorp.com
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SOURCE NuEarth Corporation