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Thu, March 28, 2013Wed, March 27, 2013Tue, March 26, 2013Mon, March 25, 2013Sun, March 24, 2013Fri, March 22, 2013Thu, March 21, 2013Wed, March 20, 2013Tue, March 19, 2013Mon, March 18, 2013Sun, March 17, 2013Fri, March 15, 2013Thu, March 14, 2013Wed, March 13, 2013Tue, March 12, 2013Mon, March 11, 2013Fri, March 8, 2013Thu, March 7, 2013Wed, March 6, 2013Tue, March 5, 2013Mon, March 4, 2013Sat, March 2, 2013Fri, March 1, 2013Thu, February 28, 2013Wed, February 27, 2013Tue, February 26, 2013Mon, February 25, 2013Fri, February 22, 2013Thu, February 21, 2013Wed, February 20, 2013Tue, February 19, 2013STL Marketing Group Inc. OTCSTLK Signs Binding Letterof Intent With Grupo IUS Ato Distribute IUS As Productsinthe Unite
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Published in House and Home on Monday, March 11th 2013 at 3:00 GMT by Market Wire🞛 This publication is a summary or evaluation of another publication
March 11, 2013 05:00 ET
STL Marketing Group, Inc. (OTC: STLK) Signs Binding Letter of Intent With Grupo IUSA to Distribute IUSA's Products in the United States
COLORADO SPRINGS, CO--(Marketwire - Mar 11, 2013) - STL Marketing Group, Inc. (
"It is important to note that this development in no way affects the renewable energy development, in fact, this should enhance the overall company and is future prospects. We have been working on this deal for over a year and are very pleased to receive this opportunity from a company as well established as Grupo IUSA. We expect the IUSA product line (hardware) to compliment the recurring revenue model provided by the energy business. As a result of this new opportunity, we hope to begin generating revenues in 2013. We will be updating the OTC with the revised business model once we finalize the distribution contracts," said Jose P. Quiros, STL's CEO.
GRUPO IUSA
Grupo IUSA ([ http://www.grupo-iusa.com/default_eng.html ]), founded in 1939, is a privately held Mexican conglomerate that manufactures a wide variety of products. IUSA has several divisions that encompass a variety of industries including Manufacturing, Metering Systems, Automotive and Publishing. IUSA owns Cambridge-Lee, based in the state of Pennsylvania ([ http://businessweekly.readingeagle.com/?p=3328 ]). Cambridge-Lee produces copper tubing for a range of applications and reportedly has $400,000,000 in annual revenues.
About STL Marketing Group, Inc./ Versant Corporation
Versant Corporation is a subsidiary of STL Marketing Group, Inc. and a Colorado based company. It has two divisions, one focusing on the distribution of electrical distribution equipment and another developing a renewable energy project in Costa Rica. For more information on STLK, please visit our web site at [ www.STLmarketingGroup.com ].
This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plan, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulation, and other risks described in statements filed from time to time with the Securities and Exchange Commission. All such forward-looking statements whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by the cautionary statements that may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.