Source: Nettel Holdings, Inc.
Tougi Completes Initial Shipment of Automotive Parts and Accessories
PORTLAND, OR--(MARKET WIRE)--Apr 12, 2007 -- Nettel Holdings, Inc. Tougi division completes Initial Shipment of Automotive parts and Accessories to Vietnam and Cambodia from the US.
This is a significant step forward for the company as we have experienced a great demand for products manufactured in China and Vietnam. The total value of this order is $400,000. This initial shipment will take approximately 25 days to reach its final destination. Depending on overall product quality, these orders, as well as many others in the pipeline, will be recurring monthly. We expect this year to be a significant one for Tougi as we have been accepting and processing additional orders on a regular basis. Our client base is growing rapidly with over 2,500 manufacturers registered with Tougi.
In addition, as reported in a previous release, Tougi is in the process of acquiring the business unit of HTD. This is a non-cash and non-stock transaction and is on schedule to be completed in the second quarter of 2007. HTD is currently the third largest manufacturer of boxes, packaging, and advertising displays in Vietnam. Acquiring HTD's business unit is a strategic acquisition that adds significant revenue and value to Tougi's product offerings. Plus, HTD's well established relationships with many large Fortune 500 and Global 500 companies will allow the Tougi sales team to have immediate access to buyers for these large corporations to increase the current business and sell them additional products.
See http://www.tougi.net/, click on clients, and see the list of companies that that are currently doing business with HTD.
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