Trade Partners Signs An Exclusive Contract With The Accessory Company
26 July 1999
21st Century Technologies Inc. Subsidiary Trade Partners International Inc. Signs An Exclusive Import Contract With The Accessory Company
FORT WORTH, Texas--July 26, 1999--Trade Partners International Inc. signed an exclusive five-year contract with The Accessory Company (TAC) for importing an award-winning product into the United States.The product, a liquid tire sealant, prevents flats and punctures in all slow-moving pneumatic tires. These tires are found on bicycles, motorcycles, ATV's, lawnmowers, horse trailers and golf carts. This tire sealant is a preventative product to be used as a pre-treatment in tires.
The sealant has won two "European Awards of Quality" and is manufactured by The Accessory Company of South Africa. It was after INTERMOT '98, REIFFEN '98 and IFMA '98, all 1998 European International Trade Shows, that the sealant received these outstanding awards.
The tire sealant will be launched in September 1999 at the prestigious INTERBIKE SHOW in Las Vegas. The largest manufacturer in the business only has 10% of the available market. With an extremely focused and a different marketing approach, Trade Partners International has plans to capture the remaining market. With headquarters in Fort Worth, distributors and dealers will receive personal customer care and technical support.
As part of the unique marketing, Trade Partners International will utilize a "private label" approach for distributors. The distributor will be able to name and/or design its own label.
Trade Partners International is negotiating a distribution agreement with one of the largest U.S. bicycle distributors for a "private labeled" product.
Financial statements in this news release other than historical facts are "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 as amended, Section 21E of the Securities Exchange Act of 1934 as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The company intends that such statements about its future expectations, including future revenues and earnings, and all other forward-looking statements (i.e., future operational results and sales) involve risks and uncertainties and are subject to change at any time. The company's actual results could differ materially from expected results.