Time Finance Regulatory News (TIME)

19 Feb 2007 07:01

Timestrip PLC19 February 2007 Timestrip plc Appointment of distributor for Timestrip(R) Timestrip plc ('Company')(AIM: TIME), the developer and manufacturer of unique expiry date indicators and temperature monitoring products, is pleased to announce a new distributor for its patented expiry date indicator technology, the Timestrip(R). KSG Guvenlik ve Bilisim Urunleri AS has been appointed as an exclusive distributor of Timestrip products for Turkey. The terms of the agreement are notdisclosed. KSG Guvenlik ve Bilisim Urunleri is part of the Gural group, one of Turkey's leading industrial groups, and trades under the name "Prodosafe", which creates and designs customized packaging solutions from its state of the art printing houses and production facilities. Paul Freedman, Joint CEO Timestrip plc, said:"Turkey is an important and fast growing market and we believe that KSG will bea dynamic partner in marketing the growing range of Timestrip products. They are an established and successful distributor and re-seller of a number of innovative technologies which gives them unrivalled access to the key decision makers in the food, pharmaceutical and other key sectors." Sahin Topaloglu, General Manager, Prodosafe, said:"We are delighted to represent Timestrip in the Turkish market. The technology has many applications and we have already received a high level of interest froma number of our clients in the food, pharmaceutical and consumer products industries." Enquiries:Paul Freedman/Reuben Isbitsky, Joint CEOs, Timestrip plc 01462 440 700Shane Dolan, Biddicks 020 7448 1000Fergus Marcroft, Evolution Securities 020 7071 4300 This information is provided by RNS The company news service from the London Stock Exchange