Skip to main content

Pure Energy Announces iGo, Inc. as Its New Canadian Battery Distributor


Pure Energy Announces iGo, Inc. as Its New Canadian Battery Distributor

Toronto, Ontario CANADA, February 28, 2011 /FSC/ - Pure Energy Visions Corporation (PEV - TSX Venture, XYQ - FWB), and PureEnergy Solutions, Inc., ("PES") today announced that iGo, Inc. (Nasdaq: IGOI), a leading provider of eco-friendly power management solutions and accessories for mobile electronic devices is now PureEnergy Solutions' battery distributor to consumer retail.

Via the agreement, iGo will be the exclusive marketer and distributor of PureEnergy Solutions' patented rechargeable alkaline batteries, branded RAMcell(tm), as well as nickel metal hydride (NiMH) batteries and charger kits to retailers worldwide (excluding China) with non-exclusive distribution rights in Africa.  The initial term of the agreement is five years.  iGo must achieve annual minimum sales targets in order to retain its exclusive distribution rights.  If iGo achieves its annual minimum sales targets, it will have the option to extend the agreement for a total of 15 years.  The batteries and chargers will be sold worldwide under the iGo Green(r) brand, the PureEnergy brand and the retailers' own private label brands. iGo will take over existing accounts including all branded and private label business for rechargeable alkaline (RAMcell(tm)), nickel metal hydride (NiMH) batteries and charger kits.

"iGo is rapidly expanding its business in key markets world-wide and our battery sales will greatly benefit from this expansion," said Phil Sustronk, chief executive officer of PES. "We continue to be impressed with iGo's strong relationships in key markets and their growing presence with leading retailers."

"We are very excited to sign this agreement with PureEnergy Solutions and enter the rechargeable alkaline battery market," said Michael D. Heil, President and Chief Executive Officer of iGo, Inc. "This is a great strategic fit with our existing product portfolio and retail distribution network, and further strengthens iGo's positioning as a leader in 'green' power solutions. Rechargeable batteries comprise 15-20% of the overall battery market in Europe and Canada, but less than 5% in the United States. We believe the market for rechargeable alkaline batteries has strong growth potential as more consumers become aware that there is an inexpensive alternative to wasteful, single-use disposable alkaline batteries. We believe that we can steadily grow the sales of this product line in the coming years as we leverage our retail distribution network and increase the number of locations where these batteries are sold in the United States and Europe."

PureEnergy Solutions' patented RAMcell(tm), rechargeable alkaline batteries, can be used in any device that uses disposable alkaline batteries, with the additional benefit of being rechargeable up to 100 times.  Selling for approximately 30-40% less than other rechargeable battery options, rechargeable alkaline batteries are the least expensive and most environmentally friendly option in the rechargeable battery market.  Unlike nickel metal hydride rechargeable batteries, rechargeable alkaline batteries will also hold their charge for up to seven years.


About Pure Energy Visions Corporation

Pure Energy Visions Corporation is an investment holding company with its principal investment in Pure Energy Solutions, Inc.


About Pure Energy Solutions, Inc.

Pure Energy Solutions, Inc. is a Boulder, CO-based company that is revolutionizing power delivery to portable electronic devices through its branded WildCharge(tm) wire-free power technology, and is a leading supplier of sustainable and environmentally responsible rechargeable battery products with its RAMcell(tm) rechargeable alkaline batteries. PureEnergy Solutions is the first company to offer commercially available wire-free charging technology that works with multiple devices across multiple brands, and carries the Eco Logo certification for its environmentally responsible battery designs and products. Through its Technology Licensing Program and WildCharge Mark of Interoperability, PureEnergy Solutions allows licensing partners the ability to create and manufacture products that integrate wire-free technology into their solutions and bring them to market quickly. PureEnergy Solutions enjoys a growing network of licensing partners and distributors, and its products are sold in over 12 countries. For more information on investment opportunities with Pure Energy Visions Corporation, go to www.pureenergybattery.com or if you have interest in PureEnergy Solutions products and licensing opportunities, go to www.pureenergy.com.


About iGo, Inc.

iGo, Inc., based in Scottsdale, Arizona, is a leading provider of power management solutions, including eco-friendly chargers, and accessories for laptop computers and mobile electronic devices (e.g., mobile phones, PDAs, digital cameras, etc.). iGo is also the creator of the new, innovative patent-protected power saving technology, iGo Green(r) Technology, that automatically eliminates wasteful and expensive standby or "vampire" power that is generated from chargers continuing to draw electricity when a mobile electronic device no longer requires charging or is disconnected from the charger.  iGo's chargers also leverage iGo's intelligent tip technology, which significantly minimizes electronic waste by enabling one charger to charge hundreds of brands and thousands of models of mobile electronic devices through the use of interchangeable tips.  In addition to iGo's innovative power management solutions, iGo continues to add new, novel mobile electronic accessories consistent with its vision to attach its products and technology to every mobile electronic device.

iGo's products are available at www.iGo.com as well as through leading resellers and retailers.  For additional information call 480-596-0061, or visit www.igo.com.

iGo and iGo Green are registered trademarks of iGo, Inc. and its affiliates. All other trademarks or registered trademarks are the property of their respective owners.

This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially due to a number of factors, including those discussed in the management discussion and analysis section of our interim and most recent annual financial statements or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulators, the parties' ability to complete the transactions as contemplated by the letter of intent and the anticipated benefits of the transaction. All forward-looking statements made in this news release are made as of the date hereof and we do not undertake any duty to update any forward-looking statements herein.

The TSX Venture Exchange has neither approved nor disapproved of the contents of this press release, and does not accept responsibility for the adequacy nor accuracy of this information.


Pure Energy Visions Corporation Contact:
Paul Simmonds
647 400 0125
pwsimmonds@pevi.ca



Source: Pure Energy Visions Corporation (PEV-TSXV) (XYQ-FWB)
Maximum News Dissemination by Filing Services Canada Inc. http://www.usetdas.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.