National Detection Clinics Increases Market Share in Organic Health Products
Posted on: Tuesday, 5 July 2005, 18:00 CDT
National Detection Clinics Ltd. (PK: NADE), an emerging leader in breast cancer early detection, today announced that the Company has signed a Letter of Intent with Sea Spa Products Inc., a developer of proprietary technology designed to transform deep-sea water into a host of skin care and medical products that are organic and healthy.
Sea Spa's Skin Care Collection is an advanced skin care product line, based in the natural elements of the legendary, mineral rich, Dead Sea. Their unique skin care products are a natural aid and viable alternative to the burgeoning skin care market. Sea Spa's Skin Care products are of the highest of quality and contain all natural substances.
The Letter of Intent consists of an Exclusive Worldwide Distributor arrangement that provides National Detection Clinics a platform to further diversify its synergistic business strategy into the robust health and life sciences. National Detection and Sea Spa anticipate finalizing this strategic alliance with in the next few weeks.
According to Information Resources Inc. (IRI), Chicago, supermarket, drug store and mass merchandise skin care sales totaled nearly $1.85 billion and grew 10% for the year ending Feb. 25. Facial cleansers represented 34.7% of the dollar share with sales of $640 million, and facial moisturizers represented 19.4% with sales of $358 million. Prestige skin care sales rose 6% last year to $1.7 billion, according to NPD BeautyTrends, Port Washington, NY.
Mr. David Hubbard, President of Sea Spa stated, "After five years of product development and proprietary engineering, we are poised to become a leader in the natural health market with our essential nutrients, minerals and Omega 3-6-9 ingredients."
"Our expansion into the natural health care market coupled with our growth strategy in the breast cancer detection arena make for a powerful combination. Diversification is the key to success in the healthcare sector. These key alliances, we contend, will provide long-term value to our growing shareholder base," stated Peter Johanssen, CEO.
Safe Harbor Statement
This press release contains statements, which may constitute "forward-looking statements". Those statements include statements regarding the intent, belief or current expectations of National Detection Clinics Ltd. and members of our management as well as the assumptions on which such statements are based. Forward-looking statements in this release include statements regarding the company having sufficient working capital to fulfill its immediate working capital requirements and continue with its stem cell development plan as longer-term financing options are explored. Actual outcomes and our actual results could differ materially from those in such forward-looking statements, as we may find that working capital is used more quickly than anticipated, we may face unanticipated expenses, and we may not be able raise funding when we require it.. For further risk factors see the Company's latest 10-KSB filed with the SEC.
Source: Business Wire
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