ASXSF Elysee Development Corp (PK)

Remedent, Inc. (OTCBB: REMI), an international company specializing in the research, development, manufacturing of oral care and cosmetic dentistry products, today announced that it has signed BriteDent GmbH, a German corporation organized to act as Glamsmile�s sole selective distributor in Germany of Glamsmile� veneers, a revolutionary cosmetic dental system that substantially expands the consumer and professional dental market for veneers. BriteDent GmbH agreed to a significant initial deposit upon signing the contract and agreed to another payment by the first of September 2008. BriteDent also committed to a purchase a substantial minimum number of veneer trays annually, whose value exceeds six figure Euros, that is representative of the market potential of the territory. In order to maintain its sole selective distributorship, the agreement also calls for incremental yearly Glamsmile veneer tray purchases of a minimum of 15%. Mr. Guy De Vreese, Chairman of Remedent, noted, �Germany is the third announced international market opportunity for Remedent and one of the largest so far. We are very pleased by the acceptance we have received throughout the world by informed dental distributors who recognize the unique benefits of Glamsmile veneers and wish to participate in this rapidly growing market. We are continuing our marketing efforts and expect further signed agreements in the near future. As word of our success in signing up distributors spreads we are finding the potential distributor candidates to be more receptive to joining the list of exclusive distributors of our Glamsmile veneers. As successful as we have been to date, the market is still relatively untapped and we will continue to aggressively market the Glamsmile veneer program.� About Remedent, Inc. Remedent, Inc., a publicly-traded company on the OTCBB, specializes in the research, development, manufacturing and marketing of oral care and cosmetic dentistry products. With offices in California, Belgium and Singapore, Remedent distributes its products in more than 35 countries. For additional information, visit Remedent's web site at www.remedent.com. FORWARD-LOOKING STATEMENTS �Safe Harbor� Statement under the Private Securities Litigation Reform Act of 1995: The statements by Guy De Vreese, the statements regarding growth of the GlamsmileTM product line, optimism related to the business, expanding sales, the U.A.E., Qatar and Oman markets�and other statements in this press release are forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Such statements are based on current expectations, estimates and projections about the Company�s business. Words such as expects, anticipates, intends, plans, believes, sees, estimates and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. Actual results could vary materially from the description contained herein due to many factors including continued market acceptance of the Company�s products. In addition, actual results could vary materially based on changes or slower growth in the oral care and cosmetic dentistry products market; the potential inability to realize expected benefits and synergies; domestic and international business and economic conditions; changes in the dental industry; unexpected difficulties in penetrating the oral care and cosmetic dentistry products market; changes in customer demand or ordering patterns; changes in the competitive environment including pricing pressures or technological changes; technological advances; shortages of manufacturing capacity; future production variables impacting excess inventory and other risk factors listed from time to time in the Company�s Securities and Exchange Commission filings under �risk factors� and elsewhere. The forward-looking statements contained in this press release speak only as of the date on which they are made, and the Company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.