Wednesday, February 23, 2011

Sunridge International (SNDZ.OB) Inks Distribution Agreement for Turkey

Today before the opening bell, Sunridge International announced it has entered into an exclusive distribution contract for Turkey. The 5-year contract is anticipated to provide a substantial increase in sales. Sunridge is currently preparing medical personnel that will train local key opinion leaders to assist the marketing rollout.

Sunridge’s CEO, G. Richard Smith commented, “Our goal has always been to expand our distribution network. With the signing of this agreement, along with the distribution rights to several additional countries throughout Europe that we are currently negotiating, we are very pleased with the progress that we are making.”

“Recently we expanded our business model to include the addition of company owned clinics, which is a more aggressive approach for Sunridge,” he continued. “Our funding efforts for the clinics is progressing well at this time, and we look forward to advancing into this highly profitable market.”

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