Full Press Release Details
Nutriband Inc. Signs 20-Year $90 Million Dollar Exclusive
Distribution Agreement With Best Choice Inc. (Korea)
ORLANDO, Fla., May 10, 2018 - Nutriband Inc. (OTC: NTRB),
a Nevada Corporation, is pleased to announce that it has signed an exclusive 20-year, $90 million distribution agreement for its
transdermal consumer product lines with Best Choice Inc., a Korean consumer products distributor with a 20-year history of working
with major chain retailers, including Costco and Lotte Department Stores.
Nutriband's transdermal, or "through the skin,"
solutions cover a growing number of consumer health and wellness needs, offering several benefits, including more consistent symptom
control, enhanced convenience, increased tolerability, and the potential for fewer side effects. The Company's transdermal
consumer product lines will provide innovative delivery alternatives for a variety of popular health supplements, a market estimated
to reach $278 billion by 2024.
Under the terms of the agreement, Best Choice will purchase a minimum
of $2 million of Nutriband's transdermal consumer products in year one, growing its annual minimum order value to $90 million
by the end of year 20. The first order under the agreement was received on May 4 with the Company receiving $50,000 with a remaining
$30,000 due upon delivery.
The distribution agreement covers all of Nutriband consumer grade
transdermal products, most notably Nutriband's energy patch and vitamin patch, and excludes all current and future medical,
OTC, prescription, or diagnostic products. Other products to be launched under the agreement include the following:
The agreement provides Best Choice exclusivity for the territories
of South Korea, Taiwan, the South Asia Countries, and the Peoples Republic of China. Exclusivity will only remain in place so long
as order minimums and 10% year-over-year growth targets are met.
About Nutriband Inc.
Nutriband is a unique, result's driven, health and
pharmaceutical Company based in Orlando Florida. Unlike traditional health product companies, Nutriband found its start by
spotting and targeting a gross and virtually unexplored niche in the supplement market through its method of ingredient delivery.
All Nutriband products are based around the science of transdermal / Topical technologies.
www.nutriband.com - Corporate
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Forward-Looking Statements
Certain statements contained in this press release, including, without
limitation, statements containing the words "believes," "anticipates," "expects" and words
of similar import, constitute "forward-looking statements" within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve both known and unknown risks and uncertainties. Our actual results
may differ materially from those anticipated in our forward-looking statements as a result of a number of factors, including our
ability to create, sustain, manage or forecast our growth; our ability to attract and retain key personnel; changes in our business
strategy or development plans; competition; business disruptions; adverse publicity and international, national and local general
economic and market conditions. Except as required by applicable law, we undertake no obligation to revise or update any of our
forward-looking statements in order to reflect any event or circumstance that may arise after the date hereof.
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