NEW YORK, April 29, 2009 (GLOBE NEWSWIRE) -- Zevotek, Inc., (Pink Sheets:ZVTK) is pleased to announce the completion of an overseas marketing and sales agreement. The sales agreement shall cover the territories of Germany, Austria, Switzerland, Slovakia, Hungry, Liechtenstein, Romania, Poland and the Czech Republic.
This marks a major venture into the European market for Zevotek. With an infomercial being broadcast into multiple countries and put into several different languages it has more depth then previous given to our products then in earlier sales deals. With their vast experience in the As Seen on TV market we felt this was the best opportunity to gain market share at this juncture.
The agreement calls for 60,000 bulbs over a 12-month period as the foundation of the marketing agreement. As needed, our European partner, in this deal can increase their orders to meet demand. The number of bulbs this deal calls for is only a starting point as we feel that the company Zevotek has chosen to work with, has a strong track record, and will be able to help us gain a foothold in the increasing market of energy efficient lighting. Discussions on the nightlight product were tabled at this time as they have prepared only the standard bulbs infomercial.
About the Company:
Zevotek, Inc. plans to market and sell independently a range of distinct and independent lines of home care and household products. In May 2007, the company entered into a license agreement to sell an energy saving compact fluorescent light bulb named the Ionic Bulb. The company plans to market the Ionic Bulb through TV infomercials, catalogs, magazines and major U.S. retail and specialty stores and the website www.zevo-tek.com and www.ionic-bulb.com.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and the prospective terms of the transaction described are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond Diet Coffee, Inc.'s control with respect to market acceptance of their products, whether financing will be available, the plans for Zevotek, Inc. to market and sell home care and other household products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.