FNT Forever New Technologies Inc.
FNT Forever New Technologies Inc.: FNT Signs Letter Of Intent with Child Watch of North America
FNT Forever New Technologies Inc. / Key word(s): Letter of Intent/Miscellaneous 13.07.2012 / 15:00 --------------------------------------------------------------------- FNT Signs Letter Of Intent with Child Watch of North America 07/13/2012 Toronto, Canada Frankfurt Exchange & Berlin Exchange Symbol: FNF FNT Forever New Technologies Inc. and Child Watch of North America (CWNA) have entered into a Letter of Intent for the exclusive worldwide marketing rights to CWNA's complete line of child safety products. The market for child safety products in the US alone is expected to grow at an annualized rate of 10% a year and reach $10 billion in sales by the end of 2012.* FNT is projecting cumulative revenue over five years to be $60M USD, growing 20% annually, with profit margins of 30%. FNT will accomplish a growth rate above industry projections by utilizing their established marketing and advertising relationships with retail distribution chain stores and leveraging CWNA's brand awareness. FNT will market CWNA's full line of child safety products throughout North America and expects to enter the global market by year three. FNT and CWNA expect to finalize an agreement as soon as funding is in place. For the first time in history CWNA is allowing a for profit company market their products worldwide to further its own agenda to protect, help and save more children. FNT's access to public funding sources allows CWNA to garner more exposure for their cause. Current and past sponsors of Child Watch Safety Events are among some of the largest and well known companies in the world such as: Shell, Texaco, AT&T, Toys R Us, PGA, NASCAR, Indy Car, Wal-Mart and K-Mart. Don Wood, President of CWNA said 'we are proud to have access to the funding we need to make this a project that has global reach, protecting children is everybody's business, the alliance with FNT we think is a first step to making this happen. Now even low income families are able to protect their children.' Perry Lewis, President and CEO of FNT commented: 'We can think of nothing more natural that would be of interest to families than the protection of their children. Being a part of this effort certainly falls into our concern of Aftermath Documentation for ID Theft Victims. Now we can play an important and active role in the prevention aspect of a worldwide problem. With affordable high volume sales of great items, we can source all over the world to help in a humanitarian way and allow shareholders to profit by helping others at the same time.' About Child Watch of North America Child Watch of North America is a 20 year old (501- C-3) non-profit corporation and generates income from the sale of affordable solutions to prevent child abductions and promote safety in the home. CWNA has helped stop 250 abductions of children by use of their technology. For more information about CWNA, please visit: http://www.childwatch.org/. About Forever New Technologies Inc Forever New Technologies Inc. is a diversified holding company with businesses centered on Green Technologies and compelling earth friendly solutions to consumer and business needs. We provide products and services that while innovative, meet basic consumer and business needs worldwide. *source: CE Pro ### For more information, please contact Paul DeSalvio in Investor Relations atIR@forevernewtechnologies.com or call or fax us at 505-800-2066. Safe Harbor Statement; The statements contained herein are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time. End of Corporate News --------------------------------------------------------------------- 13.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 177836 13.07.2012
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