VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 16, 2016) - Namaste Technologies Inc. ("Namaste" or the
"Company") (CSE:N)(FRANKFURT:M5BQ) is pleased to announce that it has entered an exclusive distribution agreement (the
"Agreement") with Pharmacor Technologies Inc. ("Pharmacor") for the international sale of the Inhalater line of vaporizers and
accessories. This Agreement represents one of multiple exclusive agreements the Company intends to pursue and is testament to the
unique international distribution network and level of service the Company is known for delivering.
Inhalater Line of Products
Inhalater vaporization technology is the result of over 10 years of research and development and comprises a unique dual
heating system that offers medicinal grade extraction qualities. This differentiates the products from other vaporizers.
Pharmacor is currently releasing the Inhalater S6, which features the following characteristics:
- Great taste and effective with flowers, concentrates and shisha tobaccos;
- Medical grade device with protective caps and cost effective disposable mouth pieces;
- Real-time temperature boost system that enhances vapor production and taste;
- Compatible with a range of accessories including water tools, electric grinder to prepare concentrates and capsule pack to
carry preloaded doses; and
- Over 90 minutes of vaporization time.
The technology is patent pending for all industrialized countries. The Inhalater S6 will retail for approximately $300, which
is a competitive price for a premium medical grade vaporizer.
Term of the Agreement
Pursuant to the term of the Agreement, Pharmacor has provided Namaste exclusivity over the sale of the Inhalater line of
products for a period of 2 years. The exclusivity shall apply to all countries outside Canada and the US. In exchange for
exclusivity, Namaste has committed to use reasonable commercial efforts to build the Inhalater brand internationally and will
provide support in terms of managing advertising, shipping, customer service and support, and warranty and return functions.
Namaste will charge Pharmacor competitive market rates for managing these services and has established standard operating
procedures for administration and execution of the Agreement.
Management Commentary
Sean Dollinger, President and CEO of Namaste, comments: "We are very pleased to be working with Pharmacor to bring their
products to the international marketplace. We have built Namaste into a differentiated company based on our extensive
international distribution network and our ability to enter agreements with manufacturers to provide specific solutions to take
their products to market. We see multiple opportunities to continue expanding our business through exclusive distribution
rights."
About Pharmacor Technologies Inc.
Pharmacor technologies is a Canadian based company in operation since 2006. With its first product release in 2012, the
company has established itself as a leading entity in the field of medicinal vaporisation. Focused on developing and
manufacturing forward thinking technology, Pharmacor combines unique Canadian R&D capacities in the field of cannabis
technology with the mass production capacity of Chinese partners. This positions the company as a reference point in the world of
vaporization.
About Namaste Technologies Inc.
Namaste Technologies Inc. is an emerging leader in vaporizer and accessories space. Namaste has 26 e-commerce retail stores in
20 countries, offers the largest range of brand name vaporizers products on the market and is actively manufacturing and
launching multiple unique proprietary products for retail and wholesale distribution. The Company is currently focused on
expanding its product offering, acquisitions and strategic partnerships, and entering new markets globally.
On behalf of the Board of Directors
Sean Dollinger, Chief Executive Officer
Further information on the company and its products can be accessed through the links below:
www.namastetechnologies.com
www.namastevaporizers.com
www.namastevaporizers.co.uk
www.vaporseller.com
www.everyonedoesit.com
www.everyonedoesit.co.uk
FORWARD LOOKING INFORMATION
This press release contains forward-looking information based on current expectations. These statements should not be read as
guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors
that may cause actual results, performance or achievements to be materially different from those implied by such statements.
Although such statements are based on management's reasonable assumptions. Namaste assumes no responsibility to update or revise
forward-looking information to reflect new events or circumstances unless required by law.
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that
they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they
involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could
differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in
the Company's disclosure documents which can be found under the Company's profile on www.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to
the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The CSE has neither reviewed nor approved the
contents of this press release.