ANCE - RESTANCE To Open Condom Manufacturing Plant In Kenya To Enter $9.6 Billion Market
17 Ottobre 2017 - 4:09PM
InvestorsHub NewsWire
Sparks, NV -- October
17, 2017 -- InvestorsHub NewsWire -- RESTANCE, Inc. (USOTC:
ANCE) today announced plans to open a condom manufacturing
plant in Kenya to produce condoms for all Africa. Research and Markets reports the
global condom market is expected to reach US $9.6 Billion by 2021
at CAGR of 8.2%. The United Nations reports that
condom usage in Africa is growing and is expected to continue
growing until 2030. RESTANCE has already acquired the tools
to equip a manufacturing plant and is in negotiations to
manufacture and distribute for a major global brand name.
CEO Randell Torno met recently with
the Kenyan Ambassador to the United Sates, H.E. Robinson Githae
to discuss investment in Kenya.
RESTANCE is pursuing several business lines in the growing
economies of East Africa. The Company is developing opportunities
in the region including initiatives in technology and systems
integration services, utility support services, affordable housing
and health products manufacturing. RESTANCE recently acquired East
African Development Partners as part of its strategy in East
Africa.
Learn more about the RESTANCE operations in Africa on the Company’s
website:
www.restanceinc.com
Disclaimer/Safe Harbor:
This news release contains forward-looking statements within the
meaning of the Securities Litigation Reform Act. The statements
reflect the Company's current views with respect to future events
that involve risks and uncertainties. Among others, these risks
include the expectation that any of the companies mentioned herein
will achieve significant sales, the failure to meet schedule or
performance requirements of the companies' contracts, the
companies' liquidity position, the companies' ability to obtain new
contracts, the emergence of competitors with greater financial
resources and the impact of competitive pricing. In the light of
these uncertainties, the forward-looking events referred to in this
release might not occur.
Randell Torno
ir@restanceinc.com
1-800-834-5792
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