NEW YORK, April 13, 2010 (GLOBE NEWSWIRE) -- Zevotek, Inc., (OTCBB:ZVTK) and (Frankfurt:T5V1), a worldwide direct marketer and distributor of innovative personal and home care items, today announced the Company hired a retail sales agency to promote and sell Zevotek's Ionic Bulb to an exclusive list of major U.S. retail chain stores. Zevotek's agreement with Leisure Time, Inc., a Union, New Jersey based company, calls for Leisure Time to present the Ionic Bulb to buyers at Walmart, CVS, Walgreens, Rite Aid and BJ's Wholesale Club. Leisure Time is responsible for securing retailer's orders to purchase Ionic Bulbs from Zevotek for sale in those chain's U.S. stores and through their retail websites. Earlier this month, Zevotek and Leisure Time worked together on a presentation to CVS and, following the positive response received, Zevotek and Leisure Time agreed to a one-year renewable exclusive agreement.
Commenting on the announcement, Zevotek's CEO, Rob Babkie, said, "Our agreement with Leisure Time is a major milestone in the Ionic Bulb sales strategy. Zevotek's Ionic Bulb marketing launch nearly three months ago was aimed at getting Ionic Bulbs on retail store shelves across America. Today's announcement shows we are right on target. Leisure Time is widely recognized by the major retailers they will call on to present Zevotek's Ionic Bulb. I am pleased they are attracted by the Ionic Bulb's sales potential and Zevotek's marketing muscle. We are energized by the positive response to the Ionic Bulb and look forward to capitalizing on the opportunity to grow Zevotek's sales this year. Receiving our first order from a major U.S. retailer like CVS would be exciting news and we are working on all fronts to make that happen."
About the Company:
Zevotek, Inc. plans to market and sell a range of innovative personal and home care items. Zevotek has a license to sell an energy saving compact fluorescent light bulb (CFL) named the Ionic Bulb, a light bulb designed for consumer use by combining the performance features of ionic air cleaning technology with those of a 10,000 hour reduced energy use compact fluorescent light bulb (CFL).The Company sells the Ionic Bulb through TV infomercials and the Internet and plans to market Ionic Bulbs through catalogs, magazines and major U.S. retail and specialty stores. The Company's 1 minute and 2 minute Ionic Bulb TV ads are designed to air on national cable channels, local broadcast channels and TV superstations. Zevotek directly sells the Ionic Bulb to consumers through http://www.newionicbulb.com and www.amazon.com. ;
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Forward-looking statements in this release with respect to the Zevotek, Inc.'s business, financial condition and results of operations, as well as matters of timing and effectiveness of marketing the Ionic Bulb 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 Zevotek, Inc.'s control with respect to market acceptance of their products by consumers and retailers like CVS, whether financing will be available, the plans for Zevotek, Inc. to market and sell products as well as certain other risk factors which are and may be detailed from time to time in Zevotek, Inc.'s filings with the Securities and Exchange Commission.
This press release contains forward-looking statements. The words or phrases 'may,' 'intends,' 'expects,' 'estimate,' 'indicate,' 'plans,' 'anticipates,' 'could,' 'if,' 'will,' 'should' or similar expressions are intended to identify 'forward-looking statements.' Actual results could differ materially from those projected in forward-looking statements as a result of a number of risks and uncertainties. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. Zevotek, Inc. cautions readers not to place undue reliance on such statements. Unless otherwise required by applicable law, Zevotek, Inc. does not undertake, and Zevotek, Inc. specifically disclaims any obligation to update any forward- looking statements to reflect occurrences, developments, unanticipated events or circumstances after the date of such statement.