New Franchise Agreement
28 April 2008 - 4:16PM
UK Regulatory
RNS Number:2565T
Faces Cosmetics PLC
28 April 2008
Faces Cosmetics plc
("Faces Cosmetics" or "the Company")
("branded cosmetics, skin care and anti-aging products")
INTERNATIONAL EXPANSION INTO SOUTH AMERICA
South America Development Begins in Ecuador
The establishment of a network of franchisees in South America has commenced in
Ecuador with an Area Development Agreement starting with 5 locations. The site
of the first FACES location has already been identified in the Mall del Rio
Shopping Centre where a new phase is currently being built.
The South American market should represent a growth opportunity for FACES
products and services, which have been well received by consumers as part of the
franchisee appointment process.
The entry into Ecuador is a first step for the Company to pursue further
expansion in neighboring countries and, ultimately, throughout South America.
Contacts:
Faces Cosmetics plc
Ramesh Jolly
Chief Executive Officer
Tel: +1(905) 760 0110 Ext.112
www.facescosmetics.com
Nominated Adviser
Dowgate Capital Advisers Limited
Jim McGeever
Tel: +44 (0) 20 7492 4777
END
This information is provided by RNS
The company news service from the London Stock Exchange
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