New partnership agreements signed with other kitchen cabinet
will partially offset this loss and allow Komet to look optimistically
to the future
MONTREAL, Nov. 10 /CNW Telbec/ - Komet Manufacturers Inc.("Komet"
TSX-V: AQD) has announced the end of its business partnership with
Rona, including the Réno-Dépôt banner, for the manufacture of bathroom
furniture. The agreement in question, signed over five years ago,
represented 38% of Komet's sales.
"While it's difficult to quickly replace a big client like Rona, we are
happy to announce to our clients and shareholders that Komet is already
positioned as a new leader in kitchen cabinet manufacturing. As such we
have signed new agreements with leading contractors like Samcon, Les
entreprises Samig, and Habitations Voyer. These will gradually replace
the agreement with Rona, allowing us to continue our operations with
the optimism and enthusiasm Komet is known for," said company president
and CEO François Nadeau.
Located in Blainville, Quebec, Komet has been listed on the TSX Venture
Exchange since June 2007. The company specializes in the design and
manufacture of bathroom furniture marketed under the Aquadis brand and
is increasingly manufacturing kitchen cabinets for builders and
individual customers. Since its creation, Komet has been tremendously
successful in the residential renovation market thanks to the quality,
low prices, and easy assembly of its wide range of bathroom
furniture—features it has carried over into its kitchen product line.
Komet's furniture selection includes mirrors, vanities, medicine
cabinets, and linen storage units, all available in a variety of colors
and models for easy customization. Its kitchen furniture collections
are also offered in a range of customizable options.
*The TSX Venture Exchange has not approved and accepts no responsibility for
the authenticity or accuracy of the information
contained in this press release.
For further information: <p>Frédéric Bérard,<br/> Special Advisor<br/> HKDP
Communications and Public Affairs<br/> 514-395-0375, extension 259<br/> <a
CO: KOMET MANUFACTURING INC.
NI: RET MNA ORDER
-0- Nov/10/2010 21:50 GMT
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