Rodedawg International Industries, Inc. Awards Distribution Agreement to Squaco Investment Limited in Nigeria
27 October 2006 - 8:01PM
Business Wire
Rodedawg International Industries, Inc. (PINK SHEETS:RWGI)
announces today they have entered into an exclusive distribution
agreement with Squaco Investment Limited to distribute its
amphibious vehicles in Nigeria, subject to the requirement of
placing orders for a minimum of 50 vehicles the first year with the
first order to be executed within the next 90 days. This agreement
stipulates that Squaco Investment Limited is required to establish,
in favor of Rodedawg, a 50% deposit and irrevocable letter of
credit for the balance of each purchase order. Achievement of the
minimum sales for the first year per the distribution agreement,
could add over US$2 million to Rodedawg�s overall sales for 2007.
www.rodedawg.com �We feel confident that by taking on the
distribution of the Rodedawg that virtually has no competition, it
will add to our success and name recognition,� says Mr. Oakey
Ugboaja, President of Squaco Investment Limited. �We believe that
Nigeria will be a great market for the Rodedawg products because of
its tremendous adaptability,� said Luis Pallais, Chairman and Chief
Executive Officer of Rodedawg International Industries, Inc. Those
interested in becoming a sales agent or in purchasing a Rodedawg
off-road unit can contact Rodedawg International Industries, Inc.
by calling 1-800-793-0355 or e-mailing sales@rodedawg.com. Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements contained in this document which are not
historical fact are forward-looking statements based upon
management's current expectations that are subject to risks and
uncertainties that could cause actual results to differ materially
from those set forth in or implied by forward-looking statements.
Forward-looking statements can often be identified by words such as
"anticipates," "expects," "intends," "plans," "predicts,"
"believes," "seeks," "estimates," "may," "will," "should," "would,"
"could," "potential," "continue," "ongoing," similar expressions,
and variations or negatives of these words. These forward-looking
statements are not guarantees. The sale of certain products and
services may not develop as expected; the development of these
products and services may not proceed as planned. The company stock
may also be affected by other risks as described from time to time.
Rodedawg International Industries, Inc. (PINK SHEETS:RWGI)
announces today they have entered into an exclusive distribution
agreement with Squaco Investment Limited to distribute its
amphibious vehicles in Nigeria, subject to the requirement of
placing orders for a minimum of 50 vehicles the first year with the
first order to be executed within the next 90 days. This agreement
stipulates that Squaco Investment Limited is required to establish,
in favor of Rodedawg, a 50% deposit and irrevocable letter of
credit for the balance of each purchase order. Achievement of the
minimum sales for the first year per the distribution agreement,
could add over US$2 million to Rodedawg's overall sales for 2007.
www.rodedawg.com "We feel confident that by taking on the
distribution of the Rodedawg that virtually has no competition, it
will add to our success and name recognition," says Mr. Oakey
Ugboaja, President of Squaco Investment Limited. "We believe that
Nigeria will be a great market for the Rodedawg products because of
its tremendous adaptability," said Luis Pallais, Chairman and Chief
Executive Officer of Rodedawg International Industries, Inc. Those
interested in becoming a sales agent or in purchasing a Rodedawg
off-road unit can contact Rodedawg International Industries, Inc.
by calling 1-800-793-0355 or e-mailing sales@rodedawg.com. Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995: Statements contained in this document which are not
historical fact are forward-looking statements based upon
management's current expectations that are subject to risks and
uncertainties that could cause actual results to differ materially
from those set forth in or implied by forward-looking statements.
Forward-looking statements can often be identified by words such as
"anticipates," "expects," "intends," "plans," "predicts,"
"believes," "seeks," "estimates," "may," "will," "should," "would,"
"could," "potential," "continue," "ongoing," similar expressions,
and variations or negatives of these words. These forward-looking
statements are not guarantees. The sale of certain products and
services may not develop as expected; the development of these
products and services may not proceed as planned. The company stock
may also be affected by other risks as described from time to time.
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