ZALEMARK and PNJ to Explore Venture

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Zalemark aids Vietnam's largest Manufacturing Jeweler to open trade opportunities with the United States

Zalemark, Inc. has initiated a joint venture with a Vietnamese jewelry manufacturer that will expand Zalemark's product line into the Vietnamese market and pave the way for more United States companies to trade in Vietnam. Phunhaun Jewelry Jointstock Company (PNJ) will host a boutique manufacturing facility inside its own factory to manufacture Zalemark products at a quality level previously unattainable in Vietnam. Zalemark will oversee the installation, sending experienced trainning staff, tooling, and equiptment to outfit the facility. Zalemark's temporary on-site employees will train PNJ personnel to produce Zalemark's finely crafted jewelry at Zalemark's own exacting standards. The joint effort is slated to begin within 90 days.

In addition to licensing and distributing Steven Zale's award winning proprietary designs and celebrity endorsed lines to PNJ for sale in Vietnam, Zalemark will offer to administrate the establishment of a US branch of the proposed Vietnam Manufacturing Jewelers Association. The presence of a US branch will help Vietnamese companies to penetrate the competitive US market, and aide domestic companies with trade in Vietnam.

A portion of the proceeds from the sale of Zalemark products in Vietnamwill be donated to a foundation being set up jointly by the two companies. The foundation will bebefit Vietnamese individuals and families affected by the United States" use of Agent Orange during the late 60"s and early 70"s. "Agent Orange" was an herbicide used by the US to defoliate areas in which military operations were being conducted, eliminating cover that could be used to conceal weapons and assets. The herbicide, a mix of two chemicals (2,4,D and 2,4,5,T), was found to be harmful to man and was discontinued in 1971. Like many US veterans who served in Vietnam during that time, many Vietnamese families were harmed by the use of these chemicals. The foundation established by Zalemark and PNJ will provide aid and information to those affected.

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