Acorn International Announces Exclusive Agreement with Guthy-Renker
07 Décembre 2009 - 9:11AM
PR Newswire (US)
SHANGHAI, Dec. 7 /PRNewswire-Asia-FirstCall/ -- Acorn
International, Inc. (NYSE:ATV) ("Acorn" or the "Company"), today
announced that the Company has reached an exclusive agreement with
Guthy-Renker to market Sheer Cover(R) cosmetics in China. (Logo:
http://www.newscom.com/cgi-bin/prnh/20090811/CNTU028LOGO ) Under
the agreement, Acorn will be Guthy-Renker's exclusive agent to
market and distribute Sheer Cover in China. Acorn is authorized to
distribute the Sheer Cover cosmetics through all its available
distribution channels including both direct and non-direct TV
sales. The agreement will last one year initially and open for
extension pending the first year's sales performance. Acorn and
Guthy-Renker entered into the agreement due to the synergies
between Acorn's developed infrastructure (in house call-center,
in-house media buyers, in-house production) and Guthy-Renker's
cutting edge continuity program. "We are very excited to work with
Acorn to market our Sheer Cover products in China," commented Mr.
Alberto Bottene, Senior Vice President of Guthy-Renker. "Acorn has
a long history of marketing innovative and valuable products and is
the market leader in the TV direct sales business. We intend to use
Acorn's mature platform in China to expand Guthy-Renker's global
footprint." "We are glad to have the opportunity to work with one
of the world's largest direct response television companies and
introduce an excellent line of cosmetic products," said Mr. James
Hu, Chairman and Chief Executive Officer of Acorn. "The
introduction of Sheer Cover to our product portfolio fits perfectly
with our strategy of expanding the cosmetics business, which has
been an important revenue contributor in the past quarter. We will
leverage Guthy-Renker's global brand awareness and years of
experience to market and promote Sheer Cover and look forward to a
successful partnership in 2010." About Sheer Cover Sheer Cover is
one of Guthy-Renker's most popular lines of cosmetics. The success
of Sheer Cover in the United States can be largely attributed to
the exclusive formula of light reflecting minerals, which are 100%
natural, infused with skin soothing botanicals, natural sun
protection, and anti-oxidant green tea to help protect skin from
the visible signs of premature aging. Sheer Cover is sold around
the world. For more information visit: http://www.sheercover.com/ .
About Guthy-Renker Established in 1988, Guthy-Renker is one of the
world's largest direct response television companies with annual
sales in excess of $1.5 billion. It is known as the leading
producer of high-quality infomercials and products designed for
direct response television sales, with offices in Palm Desert, CA;
Santa Monica, CA; London; Beijing; Tokyo; New Zealand; and Sydney,
Australia. Guthy-Renker has a superior track record of customer
satisfaction for 18 years. Originally launched as a television
direct marketer by Co-CEOs Bill Guthy and Greg Renker, the
independently-owned, vertically-integrated company has since
broadened its focus into every area of electronic retailing, making
quality products available to U.S. and international consumers
through broadcast television, cable and satellite, as well as
internet, telemarketing, direct mail and retail channels. For more
information visit http://www.guthy-renker.com/ . About Acorn
International, Inc. Acorn is a leading integrated multi-platform
marketing company in China, operating one of China's largest TV
direct sales businesses in terms of revenues and TV air time and a
nationwide off-TV distribution network. Acorn's TV direct sales
platform consists of airtime purchased from both national and local
channels. In addition to marketing and selling through its TV
direct sales programs and its off-TV nationwide distribution
network, Acorn also offers consumer products and services through
catalogs, third-party bank channels, outbound telemarketing center
and an e-commerce website. Leveraging its integrated multiple sales
and marketing platforms, Acorn has built a proven track record of
developing and selling proprietary-branded consumer products, as
well as products and services from established third parties. For
more information, please visit http://www.chinadrtv.com/ . Safe
Harbor Statement under the Private Securities Litigation Reform Act
of 1995 This press release contains certain statements that may
include "forward-looking statements" within the meaning of federal
securities laws. All statements, other than statements of
historical facts, included herein are "forward-looking statements",
including, among other things, benefits of Acorn's expansion
strategy in its cosmetic sales line with the addition of the Sheer
Cover products and Acorn's anticipated continuing partnership with
Guthy-Renker. These forward-looking statements are not historical
facts but instead represent only our belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside of our control. Our actual results and financial
condition and other circumstances may differ, possibly materially,
from the anticipated results and financial condition indicated in
these forward-looking statements due to a variety of factors
discussed in our periodic reports filed with and available from the
Securities and Exchange Commission. All forward-looking statements
attributable to the Company or persons acting on its behalf are
expressly qualified in their entirety by these factors. In
particular, our operating results for any period are impacted
significantly by the mix of products and services sold by us in the
period and the platforms through which they are sold, causing our
operating results to fluctuate and making them difficult to
predict. Investors should not place undue reliance on these
forward-looking statements, which speak only as of the date of this
press release. Other than as required under the securities laws,
the Company does not assume a duty to update these forward- looking
statements. For more information, please contact: Acorn
International, Inc. Ms. Chen Fu, IR Director Phone:
+86-21-5151-8888 x2228 Email: Web: http://www.chinadrtv.com/ CCG
Investor Relations Mr. Crocker Coulson, President Phone:
+1-646-213-1915 (New York) Email: Web: http://www.ccgirasia.com/
http://www.newscom.com/cgi-bin/prnh/20090811/CNTU028LOGO
DATASOURCE: Acorn International, Inc. CONTACT: Ms. Chen Fu, IR
Director of Acorn International, Inc., +86-21- 5151-8888 x2228, ;
or Mr. Crocker Coulson, President of CCG Investor Relations,
+1-646-213-1915 (New York), Web site: http://www.chinadrtv.com/
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