PRESS RELEASE - Inspiration Products Group, Inc. SignedFebruary 14, 2003 |
FranTech International Licensing, Inc. is pleased
to announce that they have signed a Global Marketing Agreement with Inspiration Products Group, Inc. allowing FranTech the authority to market worldwide licensing rights of Inspiration's innovative Vatican Library Gift Cart program.
Inspiration, is currently focusing
its efforts centered around the distribution of the gift cart program, as one
part of a multi-platform retailing plan, presented under the auspices of an
exclusive license agreement with the exclusive pictures of the Biblioteca Apostolica
Vaticana ("BAV"), also known as The Vatican Library. This retail
plan and the gift cart program in particular, will provide a unique Vatican
branded product line directly to consumers through several highly
accessible retailing tourists. The gift carts will include
participation and sponsorship for churches, diocese, and benevolent organizations, as
well as for the Vatican Library itself. This retail
program is expected to place more than
10,000 gift carts in participating churches. The items sold
through the gift cart program, as well as the gift
carts themselves, will carry the unique brand mark of The Vatican Libraty Collection.
The
Vatican Library Collection is one of the world's great collections of art,
manuscripts, sculpture, and historical documents. The collection, much of
which is not publically viewed given its scale, can trace its beginnings to
the year 1451, which its inception as the official private library of the
popes.
"We are vry pleased to have this arrangement with FranTech," said Jon Taffer, Chief Executive Officer, Inspiration Products Group. "FranTech's long and successful experience with licensing program sales makes them the ideal group to promote our U.S. territorial sales program."
"The opportunity for us to work with Inspiration Products Group on this product line inspired by the Vatican Library Collection is truly exciting and certainly an honor," said Philip Nadeau, Chairman and Chief Executive Officer, FranTech International Licensing, Inc. "With our experience not only in the U.S. but overseas as well with licensed sales programs like this one, we are very confident that we will be able to support a rapid and high quality territorial sales program."
FranTech consists of core partners surrounded by interlocking networks of consultants and affiliates in key trading countries and disciplines. They have over thirty-five years of experience with thier proven partners. In addition, FranTech has proven track records in assembling, negotiating and consummating trade, licensing, technological and financial agreements; they pool strengths drawn from experience in international trade policy, law, marketing, investment banking and technology research. This broad expertise, coupled with access to key governmental and business decision makers, provides services uniquely valuable to Inspiration in the restructuring global economy. Inspiration is pleased to commence a strong working relationship with FranTech.