16.06.2010 13:00:00
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ClearLite® Signs Logistics Agreement with Televes Internacional to Provide Order-Fulfillment, Distribution and Logistics Services for ClearLite® Branded Products in Mexico
Clear-Lite Holdings, Inc. ("ClearLite”) (OTCBB: CLRH), a leading innovator of eco-friendly lighting, today announced its wholly owned subsidiary, TAG Industries, Inc., has signed a seven year Logistics Agreement with Televes Internacional S.A. de C.V. ("Televes") of Mexico. Televes will provide order-fulfillment, distribution and logistics services throughout Mexico for ClearLite’s line of eco-friendly lighting products, including the new ArmorLite™: A Safer CFL™ product line.
As the Company's fulfillment, distribution and logistics services provider, Televes will sell and manage the direct import business of ClearLite branded products in retail markets in Mexico. Televes distributes products to major US retail chains in Mexico including big box, membership warehouse club, office supply, and home improvement chains.
"We continue to lay the ground work in expanding our footprint by contracting with one of the largest fulfillment-logistics groups in Mexico for our ArmorLite™: A Safer CFL™ product line,” said Thomas Irvine, President and CEO of ClearLite. "We believe that there will be a strong demand for our ArmorLite™ product line in Mexico and we have confidence that Televes will be able to expand our footprint into this territory quickly."
"We are happy to announce our partnership with ClearLite Holdings. Televes is the nationwide leader in retail distribution and we aim to position ClearLite as a top 3 brand within the Mexican market,” said Juan José Garcia, CEO of Televes Internacional. "We find ClearLite to be a perfect complement to our portfolio where we specialize in top quality technology brands. We believe that with the technology and quality found in ClearLite products, we will be able to position the brand as a market leader throughout the top retailers nationwide."
About Televes Internacional, S.A. de C.V.
With over 20 years of experience, Televes Internacional, S.A. de C.V. is a leader in distribution to the retail industry in Mexico. Televes is the authorized distributor of prestigious brands such as Sony, Samsung, Panasonic, APC, Phillips, Microsoft and XBox. Televes specializes in high technology brands and currently distributes its products to national based retail customers such as Walmart, Bodega Aurrera, Sam's Club, Sears, Radio Shack, Office Max, Office Depot, Chedraui, Comercial Mexicana, Liverpool and Soriana, amongst others. For more information on Televes, please visit: www.televes.com.mx.
About Clear-Lite Holdings, Inc.
Headquartered in Boca Raton, Florida, Clear-Lite Holdings, Inc. is a leading innovator of cutting-edge, eco-friendly CFLs, lamps, and commercial lighting products. The Company’s current line of CFLs are Energy Star® qualified and designed to meet RoHS standards (Reduction of Hazardous Substances), as well as UL approved in the US and Canada. In addition, ClearLite’s newest offering of a patent-pending technology ArmorLite™ and ArmourBulb™ SAFETY ECO CFL™ helps capture broken glass and mercury, which is becoming a concern for many. ClearLite® has strategic partnerships with major global manufacturers and has established cost-effective sales and logistics channels with offices in Florida, Illinois, California and Canada.
For additional information, please visit ClearLite’s corporate website: http://www.ClearLite.com
Forward-Looking Statements
Pursuant to The Private Securities Litigation Reform Act of 1995: The statements in this press release that relate to the Company's expectations with regard to the future impact on the Company's results from new products in development are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are subject to risks and uncertainties. Words such as "expects", "intends", "plans", "may", "could", "should", "anticipates", "likely", "believes" and words of similar import also identify forward-looking statements. Forward-looking statements are based on current facts and analyses and other information that are based on forecasts of future results, estimates of amounts not yet determined and assumptions of management. Readers are urged not to place undue reliance on the forward-looking statements, which speak only as of the date of this release since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. We assume no obligation to publicly update or revise any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release, even if new information becomes available in the future. Additional information on risks and other factors that may affect the business and financial results of Clear-Lite Holdings, Inc. can be found in the filings of Clear-Lite Holdings, Inc. with the U.S. Securities and Exchange Commission.
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