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1.3¢ alexium international group limited

There you have the clarification from the company. The deal is...

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Alex999

3,827 Posts.

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24/05/16

08:05

Post #: 17847593
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Originally posted by melastcracker ↑

Hi TWHM,

This is a snippet from the 'Shareholder Newsletter' thread yesterday.

Dear Shareholders,Alexium has just been chosen as the exclusive supplier of flame retardant (FR) Phase Change Material (PCM) for one of the largest global producers of mattress ticking. This agreement is the first commercial use of Alexium’s FR for PCM and opens up a market for Alexium of more than $5 million revenue per annum.The company supplies most of the major mattress manufacturers in the U.S. and abroad with the woven fabrics used for mattress covers.

This says we're supplying one of the largest global mattress ticking producers, in return that producer supplies "most of the major mattress manufacturers in the U.S. and abroad with the woven fabrics used for mattress covers."

We have one client in this deal, they then sell our product incorporated in their finished product to a lot of other mattress makers.

Cheers.

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There you have the clarification from the company. The deal is not $5m it just "opens up a market" worth $5m.

AJX Price at posting: 61.0¢ Sentiment: Hold Disclosure: Not Held
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