CandleWealth International, Inc. Announces International Joint Venture with Australia off to Promising Start
CHATSWORTH, Calif. — CandleWealth International, Inc. (Pink Sheets:CWNN), an innovator in providing natural wax and candle making supplies to distributors across the United States, and now, internationally, announced that its joint venture with Sparklin Pty. Ltd. in Australia to open Candlelyte Australia Pty. Ltd is off to a promising start. This new subsidiary, which opened for business in May, already has a distributor base of over 400 CandleLyte Associates.
“We are pleased with the progress we have made in a relatively short time in Australia. We believe this will be a good springboard to launch our international expansion program,” commented Richard Anzalone, CandleWealth International’s President and Chief Executive Officer. “We know the global candle market has huge potential and we look forward to being pioneers in spreading the benefits of natural candle waxes over paraffin.”
About CandleWealth International, Inc.
CandleWealth is a direct seller of natural, soy-based candle wax and candle making supplies. Its home-based independent distributors make and sell these candles as well as build teams of other candle makers who do the same. Soy wax is a cleaner alternative to petroleum-based paraffin wax, burning cooler and longer, without the residues inherent in paraffin wax smoke. CandleWealth’s success will be driven by the zeal and excitement of its distributors in spreading the benefits of natural wax across the U.S. and now internationally.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of known and unknown risks and uncertainties that may cause the company’s actual results or outcome to be materially different from those anticipated and discussed herein. These include the company’s historic lack of profitability, end user customer acceptance and actual demand, which may differ significantly from expectations, the need for the company to manage its growth, the need to raise funds for operations and other risks within the regulation of the industry.
For more information, call CandleWealth International at 888-881-9373, e-mail firstname.lastname@example.org or visit their website at www.candlewealth.com.
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