- GBLT ( OTCPK:GBLTF ) entered into an exclusive distribution agreement with a Portugal-based distribution partner for its Agfaphoto product line, with an expected minimum of $750,000 in the next three years.
- The distribution agreement grants the company's Agfaphoto brand to gain exposure to Spain, Mozambique, and Tanzania markets.
- "We currently have three major exclusive distribution agreements in place for our Agfaphoto branded products covering the Australian, Middle Eastern, African and the European markets. Diversifying our product distribution into various regions allows us to counter act some of the market volatility faced today. " said Dr. Thilo Senst, CEO.
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GBLT expands Agfaphoto brand into Spain and East Africa