VMGI enters into MOU with Power Shark Capital for distribution of beauty and cosmetic products
Published on May 31, 2014 at 5:36 AM
Verde Media Group Inc. (OTC: VMGI) is pleased to announce that it has recently entered into a Memorandum of Understanding, through its subsidiary Beautyject Inc., with Power Shark Capital ("PSC") for the sale and distribution of its beauty and cosmetic products throughout North America.
PSC is headed by Jean Jean Pelletier. Mr. Pelletier is an accomplished entrepreneur who has successfully founded and run numerous companies, many of which have been listed on public exchanges in Canada and the U.S. Mr. Pelletier has also acted as an advisor to numerous private and publicly traded companies during his career, and brings with him an expertise in private and public corporate finance, marketing, strategic advising and public and media relations.
Kevin Harrington of PSC will act as an advisor to Beautyject Inc. Mr. Harrington, who starred on the popular television show Shark Tank, is a world-renowned direct marketing expert who is widely recognized as the pioneer and principal architect of the infomercial industry. Mr. Harrington has sold more than $4 Billion worth of products through TV infomercials, commercials and other direct marketing venues. Mr. Harrington has also authored the best-selling book Act Now: How I Turn Ideas into Million-Dollar Products.
According to the terms of the Memorandum of Understanding, Beautyject has granted to PSC exclusive distribution, sales and marketing of its needleless beauty products for North America. PSC shall be responsible for handling all sales and distribution through infomercials, TV commercials and other direct marketing methods at PSC's cost. "We are very fortunate to be working with the Beautyject team and their unique needleless technology," said Mr. Pelletier, "And we expect to generate tremendous interest as we commence our marketing campaign in the near future."
William Veve, President of Verde Media Group Inc. stated, "Mr. Harrington and Mr. Pelletier have a proven track record in sales and marketing. With their involvement, Beautyject's potential in the North American market will be realized on a fast track."