Total Nutraceutical Solutions and Koch International Sign Product Distribution Agreement for Korea
Koch intends to move aggressively to establish the TNS premier line of health care products in the growing Korean consumer dietary supplement market.
1/3/2011 --- Total Nutraceutical Solutions, Inc., announced that TNS has entered into an exclusive Product Development and Distribution Agreement with Koch International (Koch), Seoul, Korea, for TNS dietary supplements. Koch has agreed to develop the TNS brand of nutraceutical products throughout Korea through its expertise and experience in internet marketing, radio, TV and newspaper networks and contacts in the ever-expanding consumer health care product market.
Koch intends to move aggressively to establish the TNS premier line of health care products in the growing Korean consumer dietary supplement market. Consumers in Korea, despite the economic downturn, continue to purchase over-the-counter preventative natural dietary supplements. Koch and TNS have engaged E-ZRA, Seoul, Korea, to register TNS products as functional foods with the Korea Food and Drug Administration (KFDA). E-ZRA has a 20-year history in Foods and Supplements Product regulatory matters and will perform product registration and consulting services.
Mr. Suk Whan Chang, a successful entrepreneur with expertise in finance and investments, is a principal and founder of Koch, a graduate of the Massachusetts Institute of Technology (MIT) and The Sloan School of Management.
Chang states, "We are extremely excited about the opportunity to introduce and distribute natural organic mushroom-based dietary supplements to a growing population of health conscious Korean consumers. Our networks of sales and marketing partners are keen to help distribute these products throughout Korea."
"The Korean distribution agreement represents a significant event in the TNS aggressive growth strategy as our company moves our portfolio of health care products into international markets," stated Marvin S. Hausman MD, CEO, TNS. "We believe that the TNS-Koch partnership will lead to increased sales and revenues for both companies."
