Business
Pool Safe Inc. and Alawwal Properties Corp. Sign Exclusive Distribution Agreement for Middle East and North Africa
TORONTO, ON / ACCESSWIRE / August 28, 2017 / Pool Safe Inc. (TSXV: POOL) ("Pool Safe" or the...
About this update from Pool Safe, Inc.
[{"type":"text","content":"Pool Safe Inc. and Alawwal Properties Corp. Sign Exclusive Distribution Agreement for Middle East and North AfricaTORONTO, ON / ACCESSWIRE / August 28, 2017 / Pool Safe Inc. (TSXV: POOL) (\"Pool Safe\" or the \"Company\") is pleased to announce the signing of an Exclusive Distribution Agreement (the \"Agreement\") with Alawwal Properties Corp. (\"Alawwal\"). On April 4, 2017, Pool Safe and Alawwal signed the previously-announced preliminary distribution agreement, which set forth the terms of the engagement that have now been formalized in the Agreement. Under the terms of the Agreement, Pool Safe has granted Alawwal the exclusive right within the Middle East and North Africa Region (\"MENA\" or the \"MENA Region\") to market and sell the PoolSafe product, and to form revenue share partnerships with its clients and relationships.\n\"We are extremely proud to announce this collaboration,\" said David Berger, CEO of Pool Safe. \"To have Alawwal as our distribution partner is an important step in enabling the Company to expand its market presence in addition to new customers having greater access to the PoolSafe product.\"\nThe Agreement sets forth the terms of the distribution arrangement and the geographical regions for a sales and marketing presence. The Company will manufacture and deliver PoolSafes for installation at hotels, resorts, and water parks in the MENA Region.\n\"Our team is excited to represent and sell the PoolSafe product into the MENA Region; an area that is home to some of the most beautiful and most visited vacation spots in the world,\" said Mohammed Alhadi, CEO and Regional Director, North America. \"We will be able to offer scale, infrastructure and our reputation, which will help make the PoolSafe a sought after amenity within the hospitality community in MENA.\"\nAlawwal intends to build-out sales offices throughout the region under the brand \"PSI MENA.\"\nAbout Pool Safe Inc.\nPool Safe Inc. designs, develops and distributes a product known as the \"PoolSafe\", which functions as a multi-purpose personal poolside attendant. The PoolSafe is designed to provide safety, convenience and peace of mind for hotels, resorts, water parks and cruise ship guests. Functions include lockable safe, solar-powered charger for USB compatible electronic devices including phones, cameras and tablets in addition to beverage...