WEST CONSHOHOCKEN, Pa.
April 23, 2012
Michael A. Feinstein
, M.D., Chairman and CEO of Nocopi Technologies, Inc. (OTCQB: NNUP), today announced a new licensing agreement in the entertainment and toy product markets with a national, well-known children's coloring and activity book publishing company. In the first quarter of 2012 Nocopi signed a multi-year license with Bendon Publishing International (Bendon) of
to license its patented and proprietary Imagine Ink line of Clean Coloring products, Mess Free Game Books, Rub-it & Color and Magic Inks. Bendon will sell Nocopi's ink technology within its new coloring and activity Imagine Ink book line, which will feature many well-known children's licensed characters. Since its inception in 2001, Bendon has become one of the fastest growing children's book publishers in the nation.
Dr. Feinstein said, in announcing this new partnership, "We here at Nocopi are very pleased and proud of this new business venture; Bendon has established itself as a leader in the children's publishing field."
Dr. Feinstein further stated, "Bendon has maintained strong growth every year with one simple philosophy, listening to the customers and providing them with what they want. The leadership of Bendon has a combined 50+ years of experience and dedication in the children's publishing market. We share Bendon's philosophy, simply stated: 'Our success lies in our commitment to maintaining and growing our partnerships with everyone that we work with.'"
Bendon Publishing International is an industry leader in children's publishing, a status it has achieved by sustaining a competitive advantage through product development, and process superiority with a strong focus on consumer services.
"Bendon is very excited about the launch of our Imagine Ink line of products. We have been able to secure character licenses with Nickelodeon, Disney,
, Hello Kitty, Warner Brothers, Hasbro as well as several other popular children's brands," said
, CEO of Bendon.
Summarizing recent trends, Dr. Feinstein concluded, "I am pleased to report in 2011, Nocopi renewed existing accounts and acquired new accounts in
the United States
and during 2012, we plan to continue our effort to renew more of our existing accounts and add even more new accounts. We continue to work on the development of new innovative products for children of all ages utilizing Nocopi's unique ink and printing technologies."