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Alco Advanced Technologies, inc Entered into a Distribution Agreement with American Lights in Bogota, Colombia
Alco Advanced Technologies, inc Entered into a Distribution Agreement with American Lights in Bogota, Colombia.
About this update from Southern Its International Inc.
[{"type":"text","content":"Alco Advanced Technologies, Inc. Entered into a Distribution Agreement with American Lights in Bogota, Colombia LAS VEGAS, NV, May 19, 2009 – Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today that the Company has successfully entered into a distribution agreement with American Light, a Colombian security company located in Bogota Colombia. The agreement is for three (3) years and valued at approximately 6.2 million dollars of Alco CCTV products. The first order will be shipped in June 2009. Ricardo Moscoso Aguirre, President of American Light is very confident that Alco CCTV product line will be one of the dominant security product lines in Colombia within the next 3 years. “The Alco product line is very reliable and competitive, two qualities that are not found together in this market and Alco has done a great job to supply us with what our customers want and need”, said Mr. Aguirre. Alco has being working hard to develop the South American market for its products and services. “For Alco, the penetration and development of the Latin American market is a very important part our global strategy” said Sylvain Desrosiers Alco Advanced Technologies CEO. Safe Harbor Statement: Except for historical information contained herein, the matters set forth above may be forward-looking statements that involve certain risks and uncertainties that could cause actual results to differ from those in the forward-looking statements. Words such as \"anticipate,\" \"believe,\" \"estimate,\" \"expect,\" \"intend\" and similar expressions, as they relate to the Company or its management, identify forward-looking statements. Such forward-looking statements are based on the current beliefs of management, as well as assumptions made by and information currently available to management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors such as the level of business and consumer spending, the amount of sales of the Company's products, the competitive environment within the industry, the ability of the Company to continue to expand its operations, the economic conditions in the industry and the financial strength of the Company's customers and suppliers. The Company does not undert...