SOURCE: Innosuisse Corp.

December 12, 2011 11:52 ET

Innosuisse Corp. and Noxel AG Join Forces to Birth a New Dynamic and Technologically-Advanced Noxel Corporation Through Acquisition of Assets

LAS VEGAS, NV--(Marketwire - Dec 12, 2011) - Innosuisse Corp. (PINKSHEETS: INSE) announced today that it obtained majority shareholder approval from its shareholders and the majority shareholders of Noxel AG (Switzerland), to acquire all assets and intellectual property rights from Noxel AG. A majority of the directors and shareholders of INSE and all shareholders and directors of Noxel AG approved actions to amend the name of Innosuisse Corp. (Nevada) to Noxel Corp. Inc., and amend its officers and directors list to reflect the new management of Innosuisse (Noxel) with the State of Nevada which amendment has now been completed. INSE intends to file the necessary disclosures with FINRA and OTC Markets in the near future to reflect the actions taken and to update the Company's website and to apply for a new trading symbol.

The acquisition by Noxel Corp., of all assets of Noxel AG and in joining forces with the Noxel AG team, will allow Noxel Corp. to take advantage of technologically advanced products and services for continued development, marketing and distribution worldwide and allows for a shift in corporate strategy to leverage growing market opportunities and profit potential from Noxel AG's range of innovative, highly-technical consumer oriented products and software solutions.

In keeping with the organic growth aspirations of Noxel AG, and the innovative spirit of Innosuisse Corp., INSE believes this win-win arrangement will result in the synchronization of market and technology gleaned from the management of both organizations and that this combination in corporate strategy signifies an immense milestone in opportunity for Noxel Corp. to advance its existing presence as a global player in lifestyle-enhancing technology-based solutions with its current range of offerings, while paving the way for the launching of additional signature products in the next few months.

Under the new management and operational structure, Noxel Corp., will be entrusted to expand its existing geographical presence comprising four subsidiaries in Europe and Asia as well as 72 distributors with the intent to capture a wider market and delight many more clients with its technology-based innovative solutions and product portfolio. This aggressively planned growth path is echoed succinctly in Noxel's new CEO, Mr. Farbod Sadeghian's remarks, "The reorganization of Noxel Corp. is indeed an idea whose time has come, thanks to the seamless initiative and straight forward synergies and shared paradigm of customer-centric focus and market-led product development efforts of Innosuisse and Noxel AG, Noxel Corp. is set to leverage 10 years of expertise as a catalyst to ignite the pervasive adoption of its Building Automation and e-Solutions in developing an unparalleled array of innovative and cutting-edge technologies."

Forward-Looking Statements
Certain statements contained in the above are forward-looking statements that involve risks and uncertainties. The statements contained herein that are not purely historical are forward looking statements 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. Forward-looking statements deal with the Company's current plans, intentions, beliefs and expectations and statements of future economic performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from what is currently anticipated. Factors that could cause or contribute to such differences include those discussed from time to time in reports filed by the Company with the Securities and Exchange Commission. The Company cannot guarantee its future results, levels of activity, performance or achievements.

Contact Information

  • For further information concerning the Company's contact:
    Farbod Sadeghian
    Olaf Schmidt
    Tel +41 44 508'70'03