Shareholder Question: Duane Reade

QUESTION:

  • Is there going to be a formal announcement in a PR when goods have been delivered to Duane Reade?

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ANSWER:

The next news release pertaining to Duane Reade will occur when we know which of their locations will be stocked with the product.  It is our understanding that we will be provided with this information.  The first shipment of inventory has already been made to the customer’s distribution centre.

We are awaiting final artwork approval of the modified brochure that will accompany 50,000 Winning Colours Stain Remover pocket pack samples at high visibility Manhattan locations, in Duane Reade bags, by a trained event team.  This sampling program, when the associated approvals are all in-hand, will also be described in a news release, as a separate event to the arrival of Winning Colours into the stores.

News releases involving third parties, and naming them, must be approved by those parties.  Whether we like it or not, such approvals are not always granted, or not always according to a time table that we would like.

There is no reason to believe that there will be a problem in this regard for the matters described above.

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