MIAMI, April 5, 2013 /PRNewswire/ -- Green Innovations Ltd. (OTCQB: GNIN) (OTCBB: GNIN) ("Green Innovations" or the "Company") is pleased to announce that its wholly-owned subsidiary, Green Hygienics, Inc. ("Green Hygienics"), has finalized an agreement to acquire the worldwide rights to the Clearly Herbal brand trademarks.
Under terms of the agreement between Green Hygienics and Clearly Herbal International ("CHI"), Green Hygienics will acquire a 100% interest in the worldwide rights to the Clearly Herbal brand trademarks. In addition, Green Hygienics and CHI will execute a licensing agreement providing CHI the exclusive use of the Clearly Herbal trademarks within the United Kingdom.
"The acquisition of the popular Clearly Herbal trademarks will lift us from the level of product licensee to the level of established brand owner and developer," stated Bruce Harmon, CEO of Green Innovations. "This is an important and positive step forward that we expect will significantly improve our ability to control and rapidly position the popular Clearly Herbal brand of products in the North American market with national retailers and private label suppliers."
Clearly Herbal produces a wide-range of 100% natural baby care products and is a very well-known brand in Western Europe and the United Kingdom. Clearly Herbal is the #1 selling brand of Natural Herbal and Bamboo wipes in the world. Clearly Herbal Natural wipes have won numerous industry awards and are unmatched in the market place in terms of quality and value. Clearly Herbal baby wipes contain award-winning formulations consisting of alcohol free, perfume free and lanolin free ranges. Clearly Herbal Bamboo wipes utilize the proprietary Fast Rate Biodegradable™ that allows them to biodegrade back into the environment in just weeks rather than years. For additional information visit Clearly Herbal's website at www.clearlyherbal.com.Mr. Harmon concluded, "The award winning Clearly Herbal brand is already very well known in the UK and we feel it that can be just as popular here in North America and potentially on a global scale. Directly controlling 100% of Clearly Herbal trademarks is a game changing event that will allow us to closely manage overall brand growth, pricing, marketing, and potential new national distribution accounts." About Green Innovations Ltd.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV