Cosmetic product developer Summit National Consolidation Group (SMNC) has reported that production for its Jordanian distribution contract will commence this August 11. The group signed a two-year agreement with The Albadranha Group last year to sell its organic Superwipe product line overseas, stated a press release.
The contract has been extended for a third year, and gives The Albadranha Group the exclusive right to sell Summit's present and future lines of Superwipe cosmetic and all purpose products in the Kingdom. Summit hopes to generate five million dollars annually in product orders from the deal.
"Our distributor stood patiently with us while the company was in flux," said President and CEO of SMNC, Mario Quenneville. "We're now in a position to begin production on the contract which will be self sustaining. We've secured the funds necessary to produce and deliver the first container of product which will gross a quarter of a million dollars wholesale, which will fund subsequent containers."
US-based Summit has filmed a television commercial which will air nationally on cable starting next week. SMNC conceives, designs and formulates cosmetic and all purpose products from organic materials with a variety of applications including fingernail polish remover, make up remover, sneaker cleaner wipes, instant shoe shine wipes, acne treatment wipes, eye glass, cleaner and defogger, car interior leather cleaning pads and vitamin E applicators. — (menareport.com)
© 2003 Mena Report (www.menareport.com)
