Applica and Deer Form Sales Contract
Deer Consumer Products Inc., a marketer in the design, manufacture and sale of home and kitchen electronics, announces a sales contract with Applica Inc., a U.S. home appliance company. Under the new contract, Deer will produce a new line of premier juice extractors, including the JE2100, for the U.S. domestic market. Deer management believes it will receive additional product supply contracts in 2009.
Bill He, Deer's CEO, comments, "We look forward to continuing our strong relationships with Applica. Our company's rapid growth is an indication of the quality of our products, our financial strength and the highly cooperative relationships we have maintained with our customers. We look forward to working with our loyal customers such as Applica as well as new customers to continue to develop our business."
This contract represents a significant increase in sales to Applica. Through Applica Inc.'s operating subsidiary, Applica Consumer Products Inc., Applica markets products under its own appliance brand names as well as under the licensed Black and Decker brand.
Bill He, Deer's CEO, comments, "We look forward to continuing our strong relationships with Applica. Our company's rapid growth is an indication of the quality of our products, our financial strength and the highly cooperative relationships we have maintained with our customers. We look forward to working with our loyal customers such as Applica as well as new customers to continue to develop our business."
This contract represents a significant increase in sales to Applica. Through Applica Inc.'s operating subsidiary, Applica Consumer Products Inc., Applica markets products under its own appliance brand names as well as under the licensed Black and Decker brand.