Business
Re Joint Venture
Re Joint Venture.
About this update from Ekf Diagnostics Holdings Plc
[{"type":"text","content":"\n RNS Number : 4843L International Brand Licensing PLC 13 January 2009 \n \n\n\nInternational Brand Licensing Plc('IBL', the 'Group' or the 'Company')\n\nNew joint venture agreement signed in South East Asia for its Admiral Sportswear Brand\n\nInternational Brand Licensing Plc, the branded sports lifestyle Company is delighted to announce a new joint venture agreement with Rich Crest Group Limited ('RCG'), a BVI registered company with its principal offices in Malaysia. This new agreement replaces a previous agreement inherited by IBL upon its incorporation.\nAdmiral Asia owns the Admiral sportswear trademarks in the territories of Malaysia, Singapore, Thailand, Brunei, Indonesia, Philippines, India, Vietnam, Cambodia, Laos, Myanmar, Uzbekistan, Azerbaijan, Kazakhstan and Turkmenistan. Under the new agreement the recruitment of new Admiral licensees will be aggressively pursued, prioritising India, Indonesia, Vietnam, Thailand and the Philippines.\nAdmiral Asia has already put in place a licensee for the territories of Malaysia, Singapore and Brunei and the royalty revenue generated from these will fund the operating expenses of the company.\n\nTony Hutchinson, IBL's Chief Executive commented: 'We are delighted to have entered into this new agreement which should quickly become earnings enhancing. We very much look forward to working with RCG to maximise this vast untapped potential.' \n\n\n- Ends -\n\nFor further information please contact:\nInternational Brand Licensing PlcPaul Foulger/Adam Reynolds +44 (0) 20 7245 1100\nZeus Capital LtdRoss Andrews + 44 (0) 161 831 1512\n\nThis information is provided by RNSThe company news service from the London Stock Exchange END JVEBXGDBIUBGGCD \n ","length":3809,"tagName":"div"}]