Expands personal care products into strategic Brazilian market
QUEBEC CITY, QC, Feb. 9, 2012 /CNW/ - Botaneco Corp. ("Botaneco" or the
"Corporation") (TSXV:BOT), a health science company focused on natural
ingredients, today announces that it has signed a distribution
agreement with Brazilian company Dinaco SA. In business for more than
70 years, Dinaco SA represents approximately 15 of the world's most
important manufacturers, supplying products and material in multiple
segments including those for the cosmetic industry.
"The Brazilian cosmetics and personal care industry registered
impressive sales worth US$16.5 billion in 2010 and continues to grow
due to the improved purchasing power and rising product ingredient
awareness of the Brazilian market." stated Mr. Tony Abboud Director,
Sales Marketing at Botaneco. "As Botaneco starts to expand its
distribution network for personal care products into Latin America,
gaining access to the Brazilian cosmetics market is key."
The cosmetic market is increasingly adopting a 'natural and organic'
philosophy and Botaneco has the patented technology to transform the
way personal care products are formulated for five primary reasons:
natural 'green' technology; improved safety; increased effectiveness;
sustainability and enhanced versatility. Consumers of personal care
products are becoming increasingly aware of petroleum-based chemicals
found in shampoos, sunscreens, moisturizers, baby care and related
products. What truly separates Botaneco from all other players in the
'natural and organic' personal care market is that the Company's
technology improves the performance of these products while
simultaneously improving their safety.
"Working with the Botaneco products is exciting." stated Leonardo
Dobbin, Commercial Director at Dinaco SA. "The biggest customers in
Brazil are amazed by this revolutionary technology. It's easy to work
with the Botaneco products because they open doors".
In addition to expanding into Latin America, Botaneco continues to grow
its global reach both through its successful partnership with SEPPIC in
Europe, and also through signing letters of intent with companies in
India, Australia and New Zealand in an effort to evaluate new
distributors in these territories.
About Botaneco Corp.
Botaneco Corp. specializes in personal care, food and nutraceutical
ingredients. We are committed to developing groundbreaking ingredients
based on our patented technologies, and offering multifunctional,
tangible and documented benefits to formulators and consumers alike.
Botaneco is a global developer and marketer of innovative technologies
that help manufacturers meet the consumers growing demand for natural,
environmentally friendly, personal healthcare products. A competitive
advantage to Botaneco's patented technology over traditional products
in the 'green sector' is the ability to significantly enhance the
performance and versatility of these skin and hair care products. The
company has also been awarded the Canadian Agri-Food Award of Excellence for its flaxseed technology marketed in the natural food industry.
Botaneco holds patents for its Hydresia(R) Oleosome, Vegetable Oil Gel, Dermylex(R) Whey Protein and Flaxseed Dehulling technology.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Botaneco Corp.
For further information:
Chief Financial Officer
Kevin Richardson, PhD