Newron Sport (NSPT) Opens Door to One of Largest Sports Retailers in North America
28 April 2010 - 12:24AM
Marketwired
Newron Sport (PINKSHEETS: NSPT) is pleased to announce today that
it has entered negotiations with one of the most recognized sports
distributors in North America. Source for Sports
(www.sourceforsports.com) will begin distribution of Newron skates
to over 200 affiliated retailers.
Newron Sport and Source for Sports have agreed to proceed with
carrying the Newron inline skate products as a new and innovative
product that will fit nicely with the current clientele of Source
for Sports.
Mr. Robert Ritondo, President of Newron Sport N.A., stated, "The
response that we have been seeing for the 2010 skate models has
been overwhelmingly positive. The excitement that is buzzing for
these new inline skates is tremendous and the retailers are anxious
to get their hands on them to being introducing them to their
customers.
"We are very excited about the continued growth of Newron Sport
and the demand that is increasing with each and every wholesaler
and retailer that we show our Newron product to. With each positive
response our confidence grows and we feel that the great interest
that has been shown with such a prominent distributor such as
Source for Sports, we feel we are just gaining traction.
"Ideally, Newron Sport would like to brand itself as category
leading companies such as Reebok, which is owned by Adidas AG,
Nike, Saucony, which is owned by Stride Rite Corp., and Vans, which
is owned by the VF Corp.," concluded Mr. Ritondo.
About Newron Sport
Newron's patented tandem device is a unique product that focuses
on both recreational use and enhancing sports performance by
allowing the enjoyment of inline skating on hard and rough surfaces
without the vibrations and loss of balance because of surface
imperfections as the Newron skate system absorbs these
imperfections and provides the inline skate user the feel of a
smooth glide, stride and maneuverability of an ice skate, all while
offering the user a safer and more efficient braking system than
the conventional inline skates.
The Newron inline skates is intended both to help prevent injury
and to improve athletic performance via its confidence enhancing
attributes among inline skate sports participants. The Newron
inline skate seeks to foster the enjoyment of sports by people of
all ages.
Safe Harbor
Statements about the Company's future expectations and all other
statements in this press release other than historical facts, are
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, Section 21E of the Securities Exchange
Act of 1934, and as that term is defined in the Private Securities
Litigation Reform Act of 1995. The Company intends that such
forward-looking statements be subject to the safe harbors created
thereby. The above information contains information relating to the
Company that is based on the beliefs of the Company and/or its
management as well as assumptions made by and information currently
available to the Company or its management. When used in this
document, the words "anticipate," "estimate," "expect," "intend,"
"plans," "projects," and similar expressions, as they relate to the
Company or its management, are intended to identify forward-looking
statements. Such statements reflect the current view of the Company
regarding future events and are subject to certain risks,
uncertainties and assumptions, including the risks and
uncertainties noted. Should one or more of these risks or
uncertainties materialize, or should underlying assumptions prove
to be incorrect, actual results may vary materially from those
described herein as anticipated, believed, estimated, expected,
intended or projected. In each instance, forward-looking
information should be considered in light of the accompanying
meaningful cautionary statements herein. Factors that could cause
results to differ include, but are not limited to, successful
performance of internal plans, the impact of competitive services
and pricing and general economic risks and uncertainties.
Contact: Newron Sport Investor Relations Phone Number: (973)
351-3868 investor@newronsport.com
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