NEW YORK, June 4, 2007 (PRIME NEWSWIRE) -- Omnireliant Holdings, Inc., licensee of Kathy Hilton Skincare (OTCBB:ORHI) (ORHI), and Power Paper Ltd., a company headquartered in Israel, (POWER) have signed a Letter of Intent (LOI) to collaborate on a series of current and future skincare delivery systems.
The collaboration agreement will enable the two companies to use their complementary skills and capabilities to market this exciting and fast growing area of cutting edge skincare technology.
Collaboration areas to be explored include an innovative product line combining revolutionary technology with active ingredients. A Kathy Hilton branded patch is being designed for treatment of conditions such as skin damage, aging, wrinkles, hyper-pigmentation, and photo-damage.
Commenting on the link up, Ran Gottfried, Chairman and CEO of Paper Power Ltd., said, "Combining our unique delivery skincare systems with a Kathy Hilton branded line will facilitate global means for distribution and rapid consumer awareness of our products."
Lucien Lallouz, Chairman, ORHI, said, "Power Paper has the background and expertise in a number of key skincare areas which will provide us with cutting edge solutions for Kathy Hilton skincare brand's highly knowledgeable customers."
To be distributed worldwide by OMNI, the KH Beauty Patch will be added to the Kathy Hilton Personal Beauty Spa and fragrance collections reflecting the luxurious Kathy Hilton lifestyle.
About OmniReliant
The Company, through its wholly owned subsidiary, OmniReliant Corporation, engages in the creation, design, distribution, and sale of affordable luxury products available to U.S. and international consumers. The Company plans to market its products through direct response infomercials, live shopping networks, ecommerce, direct mail and traditional retail channels. Our first focus is on bringing the Kathy Hilton "Private Beauty Spa Collection" product line to market prior to seeking to develop other personalities and designer licenses for the Company. The corporate offices of OmniReliant are located at 4902 Eisenhower Blvd., Suite 185, Tampa, FL 33634. Investor relations questions may be addressed to Paul Morrison, President, at (732) 673-8888.
About Power Paper
Power Paper's mission is to be the leading provider of the next generation, low voltage patch technology, to the cosmetic and pharmaceutical industries; Power Paper is the leading supplier of micro-electric patch solutions to the cosmetic and pharmaceutical industries. Based on patented technology, Power Paper patches are manufactured for private label distribution in partnership with our customer base. The company's patches are environmentally safe and powered by an embedded ultra-thin printed battery which boosts cosmetic efficacy. The micro-electric patch enhances the effect of active ingredients for immediate visible results. The patches are cost effective and can be elegantly customized to any ergonomic shape and size, conforming to numerous formulations and to a wide range of applications.
Power Paper's competitive edge has produced millions of satisfied consumers, adding value to companies such as Estee Lauder (NYSE:EL) and Amore Pacific. The company develops revolutionary patches addressing various cosmetic applications; anti-aging, anti-wrinkle, skin whitening, anti-cellulite, acne and more. Pharmaceutical applications are also under development in collaboration with strategic partners. Power Paper was founded in 1997 and is headquartered in Israel. The Power Paper team includes professionals who have unique expertise spanning the cosmetic, pharmaceutical, and medical device industries.
Forward-Looking Statements: Except for factual statements made herein, the information contained in this press release consists of forward-looking statements that involve risks and uncertainties, including the effect of changing economic conditions, competition within the cosmetics industry, customer acceptance of products, and other risks and uncertainties. Such forward-looking statements are not guarantees of performance, and OmniReliant's results could differ materially from those contained in such statements. These forward-looking statements speak only as of the date of this release, and OmniReliant undertakes no obligation to publicly update any forward-looking statements to reflect new information, events or circumstances after the date of this release.