RLD.L Regulatory News (RLD)

23 Apr 2007 07:00

Tanzanite One Limited23 April 2007 TANZANITE ONE LIMITED ('TNZ') ANNOUNCES TWO NEW DISTRIBUTION PARTNERS In line with its objective of growing global consumer demand for tanzanite inconjunction with increased production, TanzaniteOne (AIM:TNZ), the world'sleading miner and marketer of tanzanite, today announces the appointment of twofurther Sightholders as Distribution Partners. The move is in accordance withTanzaniteOne's Preferred Supply Strategy, announced in February 2005. Thecompanies selected are AG Color Inc ("AG Color") of New York and Paul Wild OHG("Paul Wild") of Germany, bringing the total number of Sightholders to eight. The Preferred Supply Strategy, which was a world first in the coloured gemstoneindustry, aims to grow the global market for tanzanite through strategiccollaborative relationships with key stakeholders, selected from the world'sleading gemstone cutting and distribution companies. These companies have beenspecifically chosen on account of their focus on tanzanite, the ability to makea long-term commitment, their distribution capabilities and understanding of theneed for vertical integration, supported by operational standards of the highestdegree. Sightholders exclusively attend TanzaniteOne's viewings of parcels ofrough tanzanite (sights). Both of these companies are in attendance at major jewellery exhibitionsworldwide and are fitting additions to TanzaniteOne's existing list ofSightholders. Ian Harebottle, Chief executive officer of TanzaniteOne, commented: "We areexcited to welcome these two new companies and look forward to a long andsuccessful relationship with them. TanzaniteOne benefits on both the supply anddemand side from these appointments as supply and price volatility is reducedand the marketing of tanzanite is expanded so as to stimulate customer demand." www.tanzaniteone.com For more information please contact: Tanzanite One Limited Conduit PRIan Harebottle Leesa Peters/ Jos Simson+255 744 600 991 +44 (0) 20 7429 6600/ 0781 215 9885 Notes for Editors: Paul Wild Paul Wild OHG (www.paul-wild.de) was founded in 1926 and has become one of theleading and most successful gemstone houses in the world. Their yearly sales farexceed one million gemstones ranging from unique one-off high quality gemstonesto standard gems for quantity orders. Working with the leading jewellery brandsaround the world, Paul Wild is creating jewellery trends and is a significantstakeholder in the world of gemstones and jewellery with branches in Germany,Thailand, Brazil and Africa. AG Color AG Color Inc (www.agcolor.com) carries a four generation old legacy ofdistributing fine quality gemstones. Their offices are situated in New York andfor over a decade AG Color have excelled in precision cut calibrated and freesize tanzanite, carrying an inventory which includes pairs, suites and customcut shapes and sizes for the discerning jeweller. They have carved a niche forthemselves globally and specifically in the US, Hong Kong and Europe. AG Colorhas won both the first and second place for the American Gem Trade Association(AGTA) Spectrum Awards in pairs and suites for the past two consecutive years. This information is provided by RNS The company news service from the London Stock Exchange