Dec 2 2010
Global NuTech, Inc. announced today that its Joint Venture partner, HIGA Corporation, has entered into a Letter of Intent to distribute rubber-based products manufactured by H&G Polymeric Products Co., Ltd. of Guan Dong, China.
E. G. Marchi, President of Global NuTech, Inc., stated, "We are pleased that our JV partner is entering into this strategic relationship with H&G Polymeric Products which is the supplier of a wide variety of rubber-based products sold by major US companies. With principals of HIGA Corporation having had a long-term working relationship with H&G Polymeric Products, we believe that this distribution program, when effectuated, has the potential of providing a significant revenue stream to our Company."