Ise Blu Equity Corp Announces Agreement with Fibrewall Canada LTD
26 September 2006 - 8:54PM
Business Wire
Ise Blu Equity Corp. (OTC:ISBL) announced today that it has agreed
to exclusive licensing terms for the distribution of all products
developed by Fibrewall Canada LTD within North America. This all
cash agreement allows ISBL to distribute the wall covering and
decorating system for the next five years with an automatic renewal
if the licensing terms have been met. The licensing agreement
requires ISBL to purchase a minimum of number of units of the
product and to spend a minimum of 2% of its gross revenue on
marketing each year plus provide an updated marketing plan within
the last 90 days of each contract year to the licensor. ISBL also
receives an option for three years to purchase the formulation,
machinery and process diagrams and manufacturing rights in North
America. The Webster Worldwide acquisition terms will be modified
to reflect the above agreement with the sales responsibilities
defined and consideration paid reduced. ISBL will assume the
Canadian operations on October 1, 2006 and begin developing the
marketing, media and logistics plans for the United States
immediately. Historically, the Canadian operations have been
successful on a limited marketing budget. In 2005, Canada produced
gross revenues in excess of $900,000 on a marketing budget near
$50,000. The product sells seasonally in Canada with September
through November and March through June being the peak periods. We
expect to triple the marketing budget and expect sales to increase
at least 50% through next November. The United States marketing
will begin with a contracted national sales organization contacting
national chains of home improvement stores plus paint and wallpaper
outlets and a direct sales force contacting home builders and
remodelers during October 2006. Each region of the country will be
introduced to the product through a short infomercial and thirty
second advertisement beginning with the Southeastern and
Southwestern regions. We are also exploring a web based marketing
strategy. The company�s target for domestic sales in year one is
$1,500,000 in the first year on an advertising budget of
approximately $250,000. About Ise Blu Equity Corp Ise Blu Equity
Corp, a Nevada corporation, is a holding company that specializes
in investments from the Consumer Goods, Commodities, Entertainment
and Technology sectors. "Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: The statements contained
in this release that are not historical, are forward-looking
statements that are subject to risks and uncertainties that could
cause results to differ materially from those expressed in the
forward-looking statements, including but not limited to, certain
delays and risks detailed from time to time in the company's
filings with the Securities and Exchange Commission." Ise Blu
Equity Corp. (OTC:ISBL) announced today that it has agreed to
exclusive licensing terms for the distribution of all products
developed by Fibrewall Canada LTD within North America. This all
cash agreement allows ISBL to distribute the wall covering and
decorating system for the next five years with an automatic renewal
if the licensing terms have been met. The licensing agreement
requires ISBL to purchase a minimum of number of units of the
product and to spend a minimum of 2% of its gross revenue on
marketing each year plus provide an updated marketing plan within
the last 90 days of each contract year to the licensor. ISBL also
receives an option for three years to purchase the formulation,
machinery and process diagrams and manufacturing rights in North
America. The Webster Worldwide acquisition terms will be modified
to reflect the above agreement with the sales responsibilities
defined and consideration paid reduced. ISBL will assume the
Canadian operations on October 1, 2006 and begin developing the
marketing, media and logistics plans for the United States
immediately. Historically, the Canadian operations have been
successful on a limited marketing budget. In 2005, Canada produced
gross revenues in excess of $900,000 on a marketing budget near
$50,000. The product sells seasonally in Canada with September
through November and March through June being the peak periods. We
expect to triple the marketing budget and expect sales to increase
at least 50% through next November. The United States marketing
will begin with a contracted national sales organization contacting
national chains of home improvement stores plus paint and wallpaper
outlets and a direct sales force contacting home builders and
remodelers during October 2006. Each region of the country will be
introduced to the product through a short infomercial and thirty
second advertisement beginning with the Southeastern and
Southwestern regions. We are also exploring a web based marketing
strategy. The company's target for domestic sales in year one is
$1,500,000 in the first year on an advertising budget of
approximately $250,000. About Ise Blu Equity Corp Ise Blu Equity
Corp, a Nevada corporation, is a holding company that specializes
in investments from the Consumer Goods, Commodities, Entertainment
and Technology sectors. "Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: The statements contained
in this release that are not historical, are forward-looking
statements that are subject to risks and uncertainties that could
cause results to differ materially from those expressed in the
forward-looking statements, including but not limited to, certain
delays and risks detailed from time to time in the company's
filings with the Securities and Exchange Commission."
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