Richard Ransom, ICTV’s President and Chief Financial Officer stated, “We are all extremely optimistic about the launch of DermaWand throughout China.
Wayne, PA. (PRWEB) June 11, 2013
International Commercial Television, Inc. (OTCQB:ICTL) ("ICTV" or "The Company"), a company employing prominent infomercial campaigns to market and brand unique products to the global consumer through multi-channels of distribution, is pleased to announce that the first order of DermaWands has been manufactured and sold to Source Plus for distribution throughout China.
The release of this first order commences the initial term of ICTV’s agreement with Source Plus that was announced in June 2012. In the distribution agreement, Source Plus is granted the exclusive right to distribute, market, sell, and advertise DermaWand through Direct Response Television (DRTV), Print, Catalog, Retail, Spas, and via Website throughout China. Source Plus is required to purchase DermaWand inventory directly from ICTV. The agreement calls for an initial term of 18 months, which will automatically renew for additional 12 month terms, conditional upon Source Plus purchasing a minimum of 100,000 DermaWands per term from ICTV.
Richard Ransom, ICTV’s President and Chief Financial Officer stated, “We are all extremely optimistic about the launch of DermaWand throughout China. I have been very impressed with the due diligence that Source Plus has displayed to prepare the Chinese market, so that the intellectual property we have all worked so hard to develop will be protected. After this initial test over the summer, I am confident that we will see a full rollout for DermaWand across all sales channels in China later this year.”
International Commercial Television is a public company trading on the OTCQB under the symbol ICTL. The OTCQB is a dynamic electronic stock market consisting of SEC fully reporting companies. OTCQB stocks may be electronically traded through most major brokerages such as E- Trade, Scottrade and TDAmeritrade.
FOR FURTHER INFORMATION PLEASE CONTACT: International Commercial Television, Inc. Rich Ransom, Investor Relations 1-484-598-2300 Email Contact: ransom(at)ictvonline(dot)com Website: http://www.ictvonline.com SOURCE: International Commercial Television, Inc.