Who had the Balls ?, page-110

" But I believe NEA is an example of a contender as its growth is being funded by a profitable business in oz, whereas AJX admits it can't gain traction here. This doesn't worry me much as manufacturing isn't big here, but its an example.".........
The following was an announcement 13/6/2016

HIGHLIGHTS:Chemiplas appointed as sole distributor of innovative Alexiflam family of environmentally friendly fire retardant (FR) products forAustralia and New Zealand.Sales and Service Training for Chemiplas staff underway along with development of joint Alexium and Chemiplas projects for the Australasian markets.Commercial product plant runs scheduled for mid-August.

Perth, Australia and Greer, South Carolina: Alexium InternaLonal Group Limited (“Alexium,” “the Company”) (ASX:AJX, OTC QX:AXXIY) today announced its decision to expand its partnership with Chemiplas to sole distributor of the Alexiflam family of FR products in Australia and New Zealand — strengthening Alexium’s global network of sales representaBves. A provider of raw materials to multiple industries, Chemiplas has offices in Melbourne, Sydney and Brisbane, Australia.

“Our solutions-oriented approach is a great fit with Alexium’s innovation and agility,” said Sam Ludbrook, Director, Chemiplas Australia Pty Ltd.

“A wide range of industries in the Australian and New Zealand markets are well served by this new partnership of Alexium and Chemiplas,” said Nicholas Clark, CEO, Alexium. “Chemiplas is an experienced distributor with technical expertise and an established network, and this alliance

“During the process of evaluating new distributors, we assess effectiveness, efficiency and professionalism; Chemiplas has performed very well in an initial partnership and is producing meaningful sales opportunities.”

One of the largest, privately owned providers of raw materials in Australia, Chemiplas serves a broad range of industries, including coatings, adhesives, plastic resins and additives. Joint projects between Alexium and Chemiplas are already underway, and sales training and plant runs for production material are scheduled for mid-August.

Alexium has developed alliances with distributors around the world to leverage the Company’s environmentally friendly fire retardants and other specialized chemical solutions. In addition to Australia and New Zealand, Alexium’s network includes North America, Europe, Asia and South America. Training of South American sales representatives was completed with Allure, Alexium’s partner in São Paulo, Brazil, on June 6.

“Our solutions-oriented approach is a great fit with Alexium’s innovation and agility,” said Sam Ludbrook, Director, Chemiplas Australia Pty Ltd.