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OptiBiotix extends CTC and Cambridge Commodities distribution agreements

Published: 08:06 28 Jan 2020 GMT

OptiBiotix Health PLC -

OptiBiotix Health PLC (LON:OPTI) has extended the terms and territories of its original distribution agreements with CTC Holding and Cambridge Commodities.

The agreement with CTC Group has been extended to include the distribution of OptiBiotix’s SlimBiome Medical and GoFigure products.

The number of territories with non-exclusive distribution rights has also been extended to include the Dominican Republic and Guatemala.

The agreement with CTC is for an initial 18 months with the renewal of the arrangement linked to sales targets.

READ OptiBiotix Health agrees functional foods deal with CTC Group

Cambridge Commodities, which has the right to distribute OptiBiotix’s SlimBiome weight management technology in the UK, has now been granted exclusivity for its UK distribution rights while the distribution has been extended to include Ireland.

The new agreement will run for 24 months and, as with the CTC arrangement, the renewal will be linked to sales targets.

"We are pleased to announce the extension of terms and territory for CTC Group and Cambridge Commodities,” said Fred Narbel, the director of OptiBiotix’s prebiotics division.

“These agreements recognise the success of both these partners in building sales of SlimBiome and extends terms and territory to support further sale growth, supported by minimum sales targets. This is another step in extending the geographical reach of SlimBiome as it builds recurring revenue streams and brand recognition across the world,” he added.

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