VICTORIA BRITISH COLUMBIA, CANADA (July 20, 2011)
Carmanah Technologies Corporation (TSX: CMH) is pleased to announce that it has signed its first Master Distributor Agreement with a large marine supply company, First Choice Marine Supply, headquartered in Tampa, Florida. The original agreement covered the Caribbean territory only but has since been expanded to include the United States.
First Choice Marine Supply is a large marine supply firm servicing commercial, industrial and ship chandlery markets. With a large sales force covering the United States, Caribbean, Central and South America, First Choice Marine Supply was a natural choice for a Master Distributor. First Choice was already a distributor for Carmanah/Sabik marine lanterns, but the move to Master Distributor status brings important changes. Going forward, First Choice will be Carmanah’s exclusive distributor for the United States and Caribbean region and will now stock higher levels of Carmanah/Sabik inventory so they can provide quicker response to end user requests for solar powered and AC powered marine aids to navigation. As the Master Distributor, First Choice will also be servicing many of the previous distributors of Carmanah in the region who will now be acting as agents on behalf of First Choice. From their various locations, First Choice will also provide technical support to end users from their various locations.
Greg Nielsen, President of First Choice Marine Supply stated, “We are very happy to take on the responsibilities of being Carmanah’s Master Distributor for the USA and Caribbean region, and we look forward to growing our relationship with Carmanah. With our large sales force, First Choice interacts with many of the end user customers that regularly use Carmanah/Sabik products. We love the Carmanah/Sabik solar and AC powered marine lanterns and we are eager to sell the full range of marine lighting products to all of our customers.”
Ted Lattimore, Carmanah’s Chief Executive Officer feels; “This is a win, win, win relationship. Through this agreement, First Choice can confidently invest in growing their support and business for the Carmanah/Sabik line of products. Carmanah benefits because we can focus our support on working closely with such a large player in the marine industry while gaining the increased footprint of their large sales force. Most importantly, end customers will benefit from shorter lead times, as well as sales and technical support being offered closer to where they are located.”
This agreement is effective immediately. More information about First Choice Marine Supply is available at http://www.firstchoicemarinesupply.com/index.php
About Carmanah Technologies Corporation
As one of the most trusted names in solar technology, Carmanah has earned a reputation for delivering strong and effective products for industrial applications worldwide. Industry proven to perform reliably in some of the world's harshest environments, Carmanah solar LED lights and solar power systems provide a durable, dependable and cost effective energy alternative. Carmanah is a publicly traded company, with common shares listed on the Toronto Stock Exchange under the symbol "CMH”. For more information, visit www.carmanah.com.
For further information:
Investor Relations: Roland Sartorius, CFO
Public Relations: David Davies
This release may contain forward-looking statements. Often, but not always, forward-looking statements can be identified by the use of words such as “expects,” “plans,” “estimates,” “intends,” “believes,” “could,” “might,” “will” or variations of such words and phrases. Forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements of Carmanah to be materially different from any future results, performance, or achievements expressed or implied by the forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties. For additional information on these risks and uncertainties, see Carmanah’s most recently filed Annual Information Form (AIF) and Annual MD&A, which are available on SEDAR at www.sedar.com and on the Company’s website at www.carmanah.com. The risk factors identified in Carmanah’s AIF and MD&A are not intended to represent a complete list of factors that could affect Carmanah. Accordingly, readers should not place undue reliance on forward-looking statements. Carmanah does not assume any obligation to update the forward-looking information contained in this press release.