Business
New distribution agreements signed
New distribution agreements signed.
About this update from Venture Life Group Plc
[{"type":"text","content":"\n \nRNS Number : 4460K Venture Life Group PLC 25 June 2014 \n \n\n \nVenture Life Group plc\n(\"Venture Life\" or \"the Group\")\nNew distribution agreements signed with two partners\n \nBracknell, UK - 25 June 2014: Venture Life Group plc (AIM: VLG), the international consumer self-care group focused on developing, manufacturing and commercialising products for the ageing population, announces that it has signed new long-term distribution agreements with two distribution partners. The agreements cover the distribution of four Venture Life products in three territories:\n \n· NeuroAge™ NRG and NeuroAge™ Sleep signed with an existing partner in Romania and Moldova;\n· ZipClear™ signed with a new partner in Turkey; and\n· Calm-eze™ signed with a new partner in Turkey.\n \nFollowing the recent completion of development by the Group of NeuroAge™ NRG and NeuroAge™ Sleep - two new line extensions for the NeuroAge™ range - a new long-term distribution agreement has been signed with MedMen for these products. MedMen already owns distribution rights for NeuroAge™ in Romania and Moldova and has now acquired the rights for NeuroAge™ NRG and NeuroAge™ Sleep for distribution, also in Romania and Moldova. \n \nThe acquisition of the rights to these two line extensions confirms the initial success of the market launch of NeuroAge™ in 2013 and the market launch by MedMen of the first line extension is expected in Q1 2015.\n \nDistribution agreements have also been signed for ZipClear™ and Calm-eze™ with GM-BAY, a fast-growing and ambitious distribution company, for these products to be distributed in Turkey, and market launch is expected in Q1 2015, following registration. Following the successful first commercialisation of Procto-eze™, Immobilice™, and Guma-eze™, announced on 23 April 2014, the commercialisation of ZipClear™ is further evidence of tangible synergies arising from the Biokosmes acquisition, which completed earlier in 2014. \nJerry Randall, Chief Executive Officer of Venture Life, commented:\n\"We are delighted that one of our existing distribution partners has signed a further distribution agreement for new line extensions from our expanding pipeline so soon after the completion of development. We believe that this is an endors...