Shareholder Question: Sears

QUESTION

  • Are you still working with ISK? There has been talk about them on Ihub this weekend because someone noticed that 1000+ can be ordered from sears.com.

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ANSWER

The original arrangement with ISK was for them to work on certain accounts on an exclusive basis.  When it became apparent that the necessary outcomes were not materializing at the pace that both parties desired, a mutually agreeable shift to non-exclusive representation was made.  This permitted more initiatives to be taken by others who had similar interests in representing us, or initiatives being resumed by ourselves.  AZ Partsmaster is a case in point.   Through them, an alternative supply line has been designed for Sears, starting with their online portal www.Sears.com   A news release has not yet been issued because we would like to ensure that the new arrangements are functioning properly and that the 1000+ Stain Remover name is internalized by Sears.  Negotiations for this supply relationship began when Winning Colours was still the operating name.

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