SOURCE: Nicodrops Inc.

Nicodrops Inc.

April 13, 2010 08:00 ET

Nicodrops Announces Letter of Intent (LOI) and Distribution Agreement for Mainland China

Exclusive Partnership With Manufacturing Technologies Inc. (MTI) Provides Distribution of Nicodrops Through All Channels in Mainland China Providing 350 Million Smokers Access to Nicodrops

LAS VEGAS, NV--(Marketwire - April 13, 2010) -  Nicodrops Inc. (PINKSHEETS: NCDP) will enter into a 3 year distribution agreement with Manufacturing Technologies Inc. Nicodrops appointed MTI as the sole agent representative through all distribution channels in China.

The LOI calls for Nicodrops to manufacture its product for Chinese retail markets. Nicodrops was extremely well received by Chinese distributors, and MTI's President, Chris Zhang, believes Nicodrops will be very popular in China. The two companies are also discussing a Joint Venture Agreement upon confirming the success of the upcoming marketing campaign.

Manufacturing of Nicodrops will continue to take place in the United States, with product shipped directly to distributors for a promotional test run and subsequent orders. If successful, manufacturing may be moved to China, resulting in increased profit margin for Nicodrops.

With the Chinese government anti-smoking law of restricting smoking in some public places, MTI is poised and positioned to act on behalf of Nicodrops to capture a good market share of China's smoking population. According to MTI's Chris Zhang, "We've estimated the annual gross sales will exceed $10 million USD in the first 12 months alone. We believe through our marketing and promotional efforts and positive word of mouth due to the product's success rate, sales will continue to rise well into the future."

"This is the breakthrough agreement for Nicodrops. We have been working closely with MTI for some time now and we are very excited to finally make this announcement, allowing us to provide the 350 million smokers in China access to Nicodrops," says Christopher Calpito, president of Nicodrops Inc. "This is a new day for the company, especially its shareholders. We look forward to releasing more exciting news in the coming weeks and months."

Nicodrops, Inc., based in Las Vegas, Nevada, developed a drug-free, non-nicotine product which helps reduce the stress associated with not smoking, using all natural herbs. For more information go to http://www.nicodrops.com or call 1-702-485-2065.

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