MIAMI, FL--(Marketwired - Mar 31, 2015) - Rejuvel Int'l, Inc., a wholly owned subsidiary of Technology Applications International Corporation (OTCBB: NUUU), creators of "cruelty free" REJUVEL 3D skin care products announced today that its agent of record who is registering the company to conduct business in Hong Kong and China, has filed documents to register Rejuvel to also conduct business in Singapore and Malaysia.
According to a cosmeticdesign-asia.com report from 2013, Singapore, with a population of just over 5.5 million people, has one of the highest spends per person on luxury goods in the entire Asia-Pacific region and their research suggests that further development of spending on cosmetics should be significant. It is estimated that the market for cosmetics in the country will continue to grow at a rate of four percent through 2017.
The official portal of Malaysia External Trade Development Corporation, or Matrade, states that the total Malaysian market for cosmetics in 2012 was valued at just over $86 million US with imports of cosmetics and toiletries accounting for 72.3% of domestic consumption. Amid the large number of imported cosmetics circulating in the local market, brands from Europe and the US emerge as favorites among Malaysians.
Rejuvel Int'l, Inc.'s REJUVEL 3D anti-aging facial cream is made possible because of the company's exclusive agreements to use NASA's bioreactor technology, *licensed from the National Aeronautics and Space Administration and Administrators of the Tulane Educational Fund under U.S. Patent Nos. 6,730,498 and 6,485,963 B1 and 6,673,597 B2, for topical cosmetics and hair care products. For more information on NASA's technology transfer agreement with Rejuvel Int'l, Inc. click here.
"The Asia-Pacific market in general is very strong for cosmetics, particularly skin care products. Malaysians, like the Chinese, are generally fond of American cosmetics products and with Rejuvel's relationship with NASA, and their being Space Certified, I expect the product to do very well in these markets," said Mr. Tan Cheng Tee, President of the Infiniti Beauty & Wellness Company and Rejuvel's registered agent in both Singapore and Malaysia.
John Stickler, Rejuvel's Vice-President stated, "Cosmetics sales in Malaysia and Singapore continue to grow year to year and what we're finding is that the skin care product category is leading the way. We're very excited about the prospects for growth of our company as we expand across Asia."
Rejuvel Int'l, Inc. and NueEarth, Inc. are wholly owned subsidiaries of Technology Applications International Corporation, a public company, trading symbol NUUU.
Rejuvel Int'l, Inc.'s REJUVEL 3D was recently included in the 2015 Oscars Gift Bags, presented to Oscar nominees and was also displayed and discussed by Bill Maher on his weekly HBO television show. The company continues to air its 15 and 30 second television commercials in Miami, its home market. For more information on REJUVEL 3D visit www.rejuvel.com.
REJUVEL products are also "Space Certified" and are recognized by the Space Foundation as technology that has been developed in outer space. The Space Foundation seal will appear on all of Rejuvel's products.
Rejuvel Int'l, Inc. is a "cruelty free" company. As a member of the "Leaping Bunny" program (www.leapingbunny.org), the company does no animal testing in any phase of product development either directly or indirectly through their laboratories or suppliers.
NueEarth, Inc. is engaged in the development of environmental solutions using electron particle beam technology (E-Beam). The E-Beam works by using an electron beam particle accelerator unit that creates high-energy electrons, which produce free radicals leading to decomposition of organic compounds (pollutants). The Company plans to develop various applications to use the E-Beam technology for removal of pollutants from wastewater, drinking water, municipal sludge, fracking liquids and other applications for environmental concerns as well as incorporating this technology to develop a proprietary system to be applied in the creation process of future Rejuvel cosmetics and hair care products.
The Company will update their shareholders and the public on company developments through additional press releases as events warrant.
For more information about NUUU please visit the corporate websites at: www.tapplic.com and www.rejuvel.com.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipates" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
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