This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Biosenta Inc. Enters Non-Exclusive Distribution, Compounding And Logistics Services Agreement With New South Biolabs, LLC

TORONTO, March 26, 2013 /CNW/ - Biosenta, Inc. (CNSX: ZRO) (the "Company") is pleased to announce that it has entered into a non-exclusive distribution agreement with New South Biolabs, LLC to market and distribute the family of Zeromold products in the Southern USA, Caribbean Basin and South America. In addition to the non-exclusive distribution agreement, New South Biolabs will be responsible for the enterprise resource planning [ERP], production and customer relations management [CRM] within this territory.  New South Biolabs will also have the non-exclusive opportunity to manufacture Zeromold within the territory.  The distribution, sales and manufacture of Zeromold in the various regions within the territory will only commence in each jurisdiction once all regulatory and governmental authorizations have been obtained for each such jurisdiction.

New South Biolabs will pay a $600,000 mobilization fee to Biosenta, $300,000 of which was paid upon execution of the agreement. The second payment of $300,000 is due when Biosenta receives confirmation of the United States Environmental Protection Agency and the State of Florida of Zeromold product registration. New South Biolabs has also agreed to pay Biosenta a royalty equal to 30% of net profits from Zeromold product sold by New South to its accounts within the territory after New South Biolabs has recovered its fixed costs for the setup of the ERP and CRM components . Biosenta will continue to make its profit margin on the sale of all Zeromold products sold in the territory to Biosenta house accounts and in respect of the sale of product to New South Biolabs in its capacity as a distributor.

"This synergistic relationship has quickly borne fruit. The combined teams have already begun to execute as expected and deliver the logistics support and develop the marketing program for this territory" said Bruce Lewis, President and Chief Executive Officer of Biosenta. He added, "New South Biolabs presents a unique opportunity that will enable our Company to penetrate the USA market with Zeromold products in a geographic area that suffers heavily from black mould infestation."

About  BIOSENTA Inc.

BIOSENTA Inc.'s line of retail anti-microbial products will effectively kill mould, bacteria and fungi on contact and prevent re-growth. These products address the demand created by the mounting health and environmental concerns. Mould can affect the immune system, nervous system, liver, kidneys, blood and cause brain damage.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs