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Alco Advanced Technologies, Inc. Enters Into a Distribution Agreement With American Lights in Bogota, Colombia
| Source: Alco Advanced Technologies, Inc.
LAS VEGAS, NV--(Marketwire - May 20, 2009) - Alco Advanced Technologies, Inc. (PINKSHEETS : ALCD ) announced today that the Company has successfully entered into a
distribution agreement with American Lights, a Colombian security company
located in Bogota, Colombia. The agreement is for three (3) years and
valued at approximately 6.2 million dollars of Alco CCTV products. The
first order will be shipped in June 2009. Ricardo Moscoso Aguirre,
President of American Lights, is very confident that the Alco CCTV product
line will be one of the dominant security product lines in Colombia within
the next 3 years. "The Alco product line is very reliable and competitive,
two qualities that are not found together in this market, and Alco has done
a great job to supply us with what our customers want and need," said Mr.
Aguirre. Alco has being working hard to develop the South American market
for its products and services. "For Alco, the penetration and development
of the Latin American market is a very important part our global strategy,"
said Sylvain Desrosiers, Alco Advanced Technologies CEO.
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