15th Jun 2009 07:00
SerVision plc
('SerVision' or the 'Company')
Distribution Agreement
SerVision Plc (AIM:SEV), the AIM listed leading developer and manufacturer of digital security systems, is pleased to announce that it has further expanded its geographical reach through an exclusive agreement with RamVision Ltd. of India.
Under the terms of the agreement, which expires on 31 December 2011, RamVision have exclusive rights to distribute SerVision's products in India. SerVision has already received payment in respect of initial orders totalling $250,000.
Ramvision was incorporated in March 2009 for the sole purpose of marketing and distributing SerVision's product portfolio throughout India, after identifying the tremendous potential of India's mobile CCTV market. RamVision, through its local distribution partner in New Delhi, has extensive contacts in the Indian homeland security and defence sectors.
Gideon Tahan, Chairman and CEO commented:
"We are delighted that SerVision has secured a distributer in a major new territory, and we look forward to a long and profitable relationship with RamVision, a company that has recognised the extensive benefits to their customers of deploying SerVision's security solutions."
For more information see www.servision.net
- Ends -
Further enquiries:
|
SerVision plc Eitan Yanuv, Finance Director |
+972 2535 0015 |
|
HB Corporate Imran Ahmad/Rory Creedon |
020 7510 8600 |
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