CIMBIX CORPORATION GRANTS MARKETING AND DISTRIBUTION AGREEMENT
Beverly Hills, California, September 20, 2006, Cimbix Corporation ("Cimbix" or
the "Company")( OTC BB: CBXC:OB), worldwide distributor of Wataire Industries
Inc. ("Wataire") atmospheric water generators (XXXX.XX), announced today that it
has granted P204 Enterprises Ltd. ("P204") the rights to sell atmospheric water
generators under a private label brand. The agreement states that a minimum
purchase of five containers of the home/office units as well as two 2500 liter
per day commercial units will be ordered by P204 within 45 days of the signing
of the agreement. The total initial purchase will be in excess of US $950,000.
The contract is performance based and has a term of five years with an option to
renew for a further five years.
P204 was formed specifically to market Wataire products under a private label
brand name. The management of P204 has a proven track record in sales to the
retail market channel with over US $50 million worth of brand name products sold
to nearly 30,000 retail sales outlets over the past three years. The P204 team
has won numerous marketing industry awards and created and executed numerous
advertising and promotional campaigns utilizing traditional television and print
media, as well as sponsorship campaigns with professional sports leagues and
teams within NASCAR, CHAMP and the NBA. P204 plans to unveil its newly created
brand name and launch the initial products to retailers at the Consumer
Electronics Show ("CES") in placeCityLas Vegas, StateNevada in January 2007.
The CES is the largest annual show of its kind for retail store buyers in the
world.
Cimbix president, Xxxxxx Xxxxxx, stated, "Cimbix Corporation is excited to work
with P204 Enterprises. The future success of Cimbix under its worldwide
distribution agreement with Wataire Industries depends on aggressive marketing
and promotion efforts such as that of P204 to assist in creating public
awareness for our technology."
CONTACT: Investor Relations: (000) 000 0000
CIMBIX CORP..: (000) 000 0000
This news release contains forward-looking statements as defined by the Private
Securities Litigation Reform Act of 1996. Forward-looking statements concerning
plans, objectives, goals, strategies, future events of performance and
underlying assumptions and other statements which are other than statements of
historical facts. These statements are subject to uncertainties and risks
including but not limited to, product and services demand and acceptance,
changes in technology and in economic, political and regulatory conditions and
to all of the risks generally associated with a company at Cimbix's stage of
development. All such forward-looking statements, whether written or oral, and
whether made by or on behalf of the company are expressly qualified by these
cautionary statements. In addition, the Company disclaims any obligation to
update any forward-looking statements to reflect events or circumstances after
the date hereof.
