Southern Products, Inc. Announces Agreement With Kontech LLC For Design And Production Of A Line Of Sigmac Commercial Televisions And Displays
ORANGE COUNTY, Calif., March 19, 2013 /PRNewswire/ -- Southern Products, Inc. (OTCBB: SNPD), a manufacturer of flat-panel televisions, tablets, and electronic picture frames, announced today a new agreement with Kontech, LLC for the design and production of a Sigmac line of commercial televisions and displays. One of Kontech's unique manufacturing abilities is the production of enhanced brightness for indoor and outdoor televisions, up to 10 times standard. Commercial televisions are specialty items like televisions for jails, hotels and RVs, among others. Digital displays are largely electronic signs used for indoor/outdoor ad signage.
"We believe we can make quick and substantial inroads into the multi-billion dollar commercial television and display world using the Kontech technology," said Ed Meadows, Southern Products, Inc. CEO. "Commercial televisions and digital displays thus represent a billion dollar opportunity and will significantly increase our anticipated future profits."
Ed Meadows continued: "We are excited to be working with one of the world's most technologically unique companies. Their access to Pro:Idiom security protocols will give the products they produce for us the benefit of being certifiable for use at hotels and hospitals. In addition, due to the distinctive nature of the Kontech product line there are few real competitors and the margins are often between 30-70%."About Southern Products, Inc. Southern Products, DBA Sigmac USA, is a manufacturer of quality, mid-priced flat-panel televisions and peripherals for distribution through big-box retailers in the US as well as the major Etailers. The Company currently has a product line of over 20 flat-panel models in production, and has entered into large-scale distribution agreements with Target, K-Mart, Costco.com, Tiger Direct, Newegg and Walmart.com for the sale of Sigmac-branded flat-panel televisions, Tablets, Picture Frames and accessories in North America. The Company is a fully-reporting public consumer electronics company incorporated in the state of Nevada and trading on the Over-the-Counter Bulletin Board in the US (OTCBB: SNPD). For further information please visit www.sigmacusa.com. Forward Looking StatementsThis press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those identified under "Risk Factors" in the Company's most recently filed Annual Report on Form 10-K, Quarterly Report on Form 10-Q and in other filings made with the Securities Exchange Commission. Actual results may differ materially from those contemplated by these forward-looking statements and the Company does not undertake to update any of these forward-looking statements to reflect a change in its views or events or circumstances that occur after the date of this press release.
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