Hofseth Biocare ASA : HBC starts selling products in XXL

Hofseth BioCares ASA ("HBC") has today signed an agreement with XXL Grossist Norge AS and XXL Europe GmbH ( "XXL") for the deliveies of a variety of finished products for sale in Norway, Sweden and Finland.
Deliveries to XXL starts during the summer of 2016 and will be in stores XXLs immediately thereafter.
- It is strategically important for HBC to establish sales in our own home market with our finished products. We are proud to launch our product portfolio through such a recognized sports chain, and take part in their ambitions for growth going forward, says Tor Erik Andersen, COO and Head of Sales in Hofseth BioCare.
XXL will during 2016 introduce three new products from OmeGo® fresh salmon oil, several product variants of HBC's hydrolysed salmon protein ProGo® and the unique product "Health Pack" including products of salmon oil, protein and calcium. The final size of the contract is still uncertain and will depend on sales volumes in the three countries.
For further information, please contact:
Tor Erik Andersen, COO and Head of Sales in Hofseth BioCare ASA
Tel: +47 91 17 98 54
E-mail: tea@hofsethbiocare.no
About Hofseth BioCare:
Hofseth BioCare is a Norwegian biotech company that offers high-value ingredients and finished products for humans and pets. The company is founded on the core values of sustainability, traceability and optimal utilization of natural resources. Through an innovative hydrolysis technology, Hofseth BioCare is able to preserve the quality of salmon oil, proteins and calcium, prepared of fresh salmon off-cuts. Hofseth BioCare`s objective is to contribute to the efficient use of marine resources and deliver quality products for ingredients and finished consumer products in the nutrition market.
About XXL ASA:
XXL is a leading sports retailer with stores and e-commerce in Norway, Sweden and Finland. It is the fastest growing among the major sports retailers in the Nordic. XXL pursues a broad customer appeal, offering a one stop shop experience with a wide range of products for sports, hunting, skiing, biking and other outdoor activities. XXL's concept is to have the largest stores with the lowest prices and the widest assortment of products, focusing on branded goods.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

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Source: Hofseth Biocare ASA via GlobeNewswire