 We could see ZVTK’s Ionic bulb become the next OxiClean or Snuggie Blanket type infomercial success!ZVTK started to gain some major momentum late in the trading session yesterday after bottoming around $0.0125, and we believe we could see ZVTK start to go on a major run starting tomorrow!
Here is the big news ZVTK released after the bell earlier today:
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Zevotek Completes Deal for Major European Distribution Deal
On Wednesday April 29, 2009, 4:05 pm EDT
NEW YORK, April 29, 2009 (GLOBE NEWSWIRE) — Zevotek, Inc., (Other OTC:ZVTK.PK – News) is pleased to announce the completion of an overseas marketing and sales agreement. The sales agreement shall cover the territories of Germany, Austria, Switzerland, Slovakia, Hungry, Liechtenstein, Romania, Poland and the Czech Republic.
This marks a major venture into the European market for Zevotek. With an infomercial being broadcast into multiple countries and put into several different languages it has more depth then previous given to our products then in earlier sales deals. With their vast experience in the As Seen on TV market we felt this was the best opportunity to gain market share at this juncture.
The agreement calls for 60,000 bulbs over a 12-month period as the foundation of the marketing agreement. As needed, our European partner, in this deal can increase their orders to meet demand. The number of bulbs this deal calls for is only a starting point as we feel that the company Zevotek has chosen to work with, has a strong track record, and will be able to help us gain a foothold in the increasing market of energy efficient lighting. Discussions on the nightlight product were tabled at this time as they have prepared only the standard bulbs infomercial.
About the Company:
Zevotek, Inc. plans to market and sell independently a range of distinct and independent lines of home care and household products. In May 2007, the company entered into a license agreement to sell an energy saving compact fluorescent light bulb named the Ionic Bulb. The company plans to market the Ionic Bulb through TV infomercials, catalogs, magazines and major U.S. retail and specialty stores and the website http://www.zevo-tek.com and http://www.ionic-bulb.com.
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