JUPITER, Fla., Dec. 2 /PRNewswire-FirstCall/ -- GelTech Solutions, Inc. (OTC Bulletin Board: GLTC) is pleased to announce that shipments in accordance with the recent distribution contract for China have continued on schedule.
Joe Ingarra, President of GelTech Solutions, stated, "There is a high demand from the fire service industry for products that are effective and budget friendly. We are very pleased that FireIce continues to be the choice in some of our new marketplaces, including China. Building our brand in both the United States and internationally has been a key objective and it is rewarding to see our efforts translate into revenue. Moving forward, our opportunities in a number of key international areas along with our regional domestic rollout with Fisher Safety has us very excited about our potential to gain significant market penetration in these areas. These sales are very important for GelTech and our shareholders, as well as providing additional validation of FireIce's position in the marketplace."
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About GelTech:
GelTech Solutions creates innovative, Earth-friendly, cost-effective products that help industry, agriculture, and the general public accomplish environmental and safety goals, such as water conservation and the protection of lives, homes, and property from fires. Its two leading products are FireIce® and RootGel.
FireIce® is a patent pending powdered fire suppressant used for direct attack of fires as well as a medium term retardant for structure protection. FireIce can be used in all types of apparatus; fire extinguishers, pumper trucks, aerial units for wildfires and home defense units for personal home protection.
RootGel is a solution to today's drought challenges. RootGel is a moisture-retentive soil conditioner that decreases the need for water. RootGel is ideal for turf growers, lawn and landscape professionals, tree and sod farms, nurseries and greenhouses.
For more information on GelTech, please visit GelTech Solutions' website at http://www.geltechsolutions.com/
Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including the potential to gain significant market share. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include global and domestic economic conditions, budgetary pressures facing state and local governments, economic, political and other problems which may arise in China including the willingness of customers to place new orders and reorders and our failure to receive or the potential delay of anticipated orders for our products. Further information on GelTech's risk factors is contained in its filings with the Securities and Exchange Commission, including the Form 10-K for the year ended June 30, 2009. GelTech does not undertake any duty nor does it intend to update the results of these forward-looking statements.
Investor Relations & Equity Research Contact:
Gerald Kieft
772-219-7525 (tel)
772-219-3579 (fax)
