JACKSONVILLE, Fla., June 10, 2009 (GLOBE NEWSWIRE) -- Mariner's Choice International Inc. (Pink Sheets:MCII) today announced that the recently announced LOI with a Private Label Partner has been duly converted to a signed contract. The agreement calls for a minimum order value with a "year over year" increase for the next three years, with a built-in incentive when certain targets are exceeded.
The Partner has already been promoting the products and creating demand among its clientele. "Having tried and tested the products ourselves and understanding the performance capabilities, we are excited to be able to offer them to our customers and establish a stronger relationship. We are looking forward to exponentially growing our business by adding this new revenue stream," stated Brian Fernandez, president of the partnering company.
The label design has been completed, and the initial shipment has been made, with a subsequent order already in place for delivery within the next month.
About Mariner's Choice International Inc.
Mariner's Choice provides high-performance, eco-safe consumer and industrial products utilizing leading-edge biodegradable technologies. Each product is tested to exacting standards and performance levels, with the goal of providing the greatest benefit and satisfaction to our customers. Our "green" products, some of which employ nanotechnology, are a timely solution for the environmental and health concerns that affect people globally. For more information about us, please visit http://www.marinerschoice.net.
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This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Mariner's Choice International, Inc., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual future results may differ materially from those indicated by such forward-looking statements. Important factors currently known to management that could cause actual future results to differ materially from those indicated in our forward-looking statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. We undertake no obligation to update or revise our forward-looking statements to reflect changed assumptions, the occurrence of unanticipated future events or changes in future operating results.