Next Up
posted on
Oct 06, 2009 06:34PM
(Edit this message through the "fast facts" section)
From the last MD&A
"
An agreement between Group 270 Sales and Marketing Inc. (“Group 270”) and ALDA was established on November17, 2006 in which Group 270 will assist ALDA in selling ALDA’s products in the retail market. To accomplish this,
Group 270 will undertake market research and a competitive analysis to estimate total annual volume in the area ofpersonal disinfectants, estimate annual sales volumes, establish the pricing structure for retail and establish a roll out strategy to national retail chains, such as Shoppers DrugMart, Loblaws,Wal-Mart and Zellers, sourcing and engaging a third party logistics company for order fulfillment, establish EDI and order processing development.
On August 22, 2008 Group 270 and the Company mutually agreed that Group 270 will be compensated at the rate of $100 per hour rather than receiving a monthly retainer. In the event that both ALDA and Group 270 mutually agree that there is sufficient reason to continue the payment, it will remain in effect on a month to month basis until the payment of a commission rate of 8% of net sales exceeds the $1,500 per month. At that time the monthly payment will cease and Group 270 will receive only the commission. From Group 270 website
Group 270 covers major Canadian retailers including
·Shoppers Drug mart
·Loblaws Companies
·Wal-Mart Canada
·London Drugs
·Pharmasave National
·HBC
Product categories
·OTC Preparations
·Health and Beauty Products
·Natural and Organic and Eco Products
http://www.group270.com/index_files/PartnerList.htm
It's no surprise that London Drugs is on the list. All i am asking is what's next Shoppers Drug Mart, loblaws or Wal-Mart. Can't wait till we find out.