Hydron Technologies, Inc. and Brand Builders International, LLC Join Forces to Form New Entity
12 11월 2008 - 7:10AM
PR Newswire (US)
DELRAY BEACH, Fla., Nov. 11 /PRNewswire-FirstCall/ -- Hydron
Technologies, Inc. (OTC:HTEC) (BULLETIN BOARD: HTEC) announced
today that it has entered in to agreement with Brand Builders
International, LLC, a private marketing firm, to form a join
venture called Brand Builders Rx, LLC. Hydron Technologies has been
developing products for healthcare professionals for over 50 years.
Hydron introduced the only non-occlusive polymer that binds
moisture and other ingredients to the skin, while allowing the skin
to breathe. This technology is used by various companies in soft
contact lenses, burn and wound dressings, topical drug delivery and
subcutaneous implants that deliver cancer treating drugs and more.
Hydron has also been awarded a patent on the first volatile
emulsifier that allows products to self-adjust to each individual.
Brand Builders International was founded by Ilonka Harezi, the
driving force behind Teslar Technology and the world famous Philip
Stein Teslar watches. These watches were selected twice as one of
Oprah Winfrey's top ten favorite gifts and generated over $97
million in retail sales in 2007. Today, Brand Builders
International leverages Ms. Harezi's experience in sales and
marketing to help companies build distribution domestically and
globally. The new Joint Venture, Brand Builders Rx, will combine
the expertise of the two entities for the re-positioning and
re-launching of the Hydron named brands, utilizing the marketing
and distribution expertise of Ilonka Harezi, her success with the
Teslar brand and her Brand Builders International team. The Joint
Venture expects to build brand awareness and increase distribution
during the first two years, with a projected profit expected in
year three. Under the terms of the Agreement, Hydron will
contribute substantially all of its operating assets and license to
the Joint Venture the patented technologies, while Brand Builders
International will contribute cash, financing, new headquarters and
marketing expertise, including public relations, filming of
television commercials, print media and the building of a sales rep
force in the United States and internationally. "There is no other
skin care line in the world like it. The technology is amazing. The
synergies will allow us to really focus in and build something
really major," states Ilonka Harezi, President of the new Joint
Venture. David Pollock, current CEO of Hydron Technologies, is
expected to join the new Joint Venture at the close of this
transaction in order to facilitate the transition of key creative
and sales support, as well as to continue to develop new product
opportunities. Certain statements in this news release may contain
forward-looking information within the meaning of Rule 175 under
the Securities Act of 1933 and Rule 3b-6 under the Securities
Exchange Act of 1934, and are subject to the Safe Harbor created by
those rules. All statements, other than statements of fact,
included in this release, including, without limitation, statements
regarding potential future plans and objectives of the company, are
forward- looking statements that involve risks and uncertainties.
There can be no assurance that such statements will prove to be
accurate and actual results and future events could differ
materially from those anticipated in such statements. Events that
may arise could prevent the implementation of any strategically
significant plan(s) outlined above. The Company cautions that these
forward-looking statements are further qualified by other factors
including, but not limited to, those set forth in the Company's
Form 10-KSB filing, its registration statements and other filings
with the United States Securities and Exchange Commission
(available at http://www.sec.gov/). The Company undertakes no
obligation to publicly update or revise any statements in this
release, whether as a result of new information, future events or
otherwise. DATASOURCE: Hydron Technologies, Inc. CONTACT: David
Pollock, CEO, +1-561-665-4242 ext. 101 Web site:
http://www.hydron.com/
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