Alco Advanced Technologies, Inc. Enters Into a Distribution Agreement With American Lights in Bogota, Colombia
20 May 2009 - 8:00PM
Marketwired
Alco Advanced Technologies, Inc. (PINKSHEETS: ALCD) announced today
that the Company has successfully entered into a distribution
agreement with American Lights, a Colombian security company
located in Bogota, Colombia. The agreement is for three (3) years
and valued at approximately 6.2 million dollars of Alco CCTV
products. The first order will be shipped in June 2009. Ricardo
Moscoso Aguirre, President of American Lights, is very confident
that the Alco CCTV product line will be one of the dominant
security product lines in Colombia within the next 3 years. "The
Alco product line is very reliable and competitive, two qualities
that are not found together in this market, and Alco has done a
great job to supply us with what our customers want and need," said
Mr. Aguirre. Alco has being working hard to develop the South
American market for its products and services. "For Alco, the
penetration and development of the Latin American market is a very
important part our global strategy," said Sylvain Desrosiers, Alco
Advanced Technologies CEO.
Safe Harbor Statement:
Except for historical information contained herein, the matters
set forth above may be forward-looking statements that involve
certain risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements. Words such as
"anticipate," "believe," "estimate," "expect," "intend" and similar
expressions, as they relate to the Company or its management,
identify forward-looking statements. Such forward-looking
statements are based on the current beliefs of management, as well
as assumptions made by and information currently available to
management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of
certain factors such as the level of business and consumer
spending, the amount of sales of the Company's products, the
competitive environment within the industry, the ability of the
Company to continue to expand its operations, the economic
conditions in the industry and the financial strength of the
Company's customers and suppliers. The Company does not undertake
any obligation to update such forward-looking statements. Investors
are also directed to consider all other risks and
uncertainties.
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