
| (STOCK SYMBOL - TSXV, "HED") | NEWS RELEASE |
MISSISSAUGA, ONTARIO (March 6, 2003). Hedley Technologies Ltd. (TSX Venture: HED) is pleased to announce that it has entered in to a long term supply arrangement with a major consumer packaged goods marketer of well known household and insecticide brands. At the request of the customer, its name is being withheld. The agreement, with this Canadian subsidiary of a large multi-national, provides for Hedley to produce under its customer's brand name for distribution to retailers across Canada.
Using its proprietary home and garden insecolo™ insecticide formulation and product registration in Canada, Hedley is supplying finished goods to its customer which in turn is marketing the product to customers that currently stock and sell its other insect control products. This includes grocery outlets, mass merchandisers, drug stores and other home and garden retailers..
"We are pleased that a company as successful and discriminating as this multi-national has selected our product to be sold under their brand name", said René Goehrum, Chairman and CEO of Hedley Technologies Ltd. "We are excited about the future potential of this new relationship".
Hedley Technologies Ltd. is a publicly traded life science company that develops or acquires, and commercializes proprietary technologies that advance human health and public safety, as well as the value of agricultural production. Hedley's common shares are listed for trading on the TSX Venture Exchange (TSXV) under the symbol HED. For additional information contact:
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René C. Goehrum Chairman and CEO http://www.hedleytech.com |
Tel: (905) 206-0013 |
The TSX Venture Exchange assumes no responsibility for the accuracy of this release and neither approves nor disapproves of the same.
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