February 2013, AVN - Liberator Signs $17 Million Tenga Distribution Agreement
ATLANTA—Liberator today announced the signing of a new three-year, $17 million exclusive marketing and distribution agreement with Tenga Co. Ltd.
One Up Innovations, Inc., the operating company of Liberator, has been the exclusive U.S. distributor for Tokyo-based Tenga since 2010.Under the new agreement, One Up Innovations has agreed to purchase JPY1.25 billion of Tenga products for sale and distribution in the United States for the next three years. At current exchange rates and at current selling prices, this represents approximately $17 million in wholesale sales revenue for Liberator.
"We are extremely pleased that Tenga has decided to continue our partnership as we work with them to reach the next level of success in the U.S.," stated Louis Friedman, CEO of Liberator Inc. "Over the past three years we have greatly expanded the sales and distribution of Tenga products through traditional adult channels as well as drugstore, mass market and other mainstream channels including emerging internet flash sites. We expect this trend to gain momentum as more and more mainstream adult male consumers begin to appreciate the sexual wellness benefits of the full line of Tenga products."
The Tenga male sexual enhancement devices are innovative in their function and product design, shaped and sized in such a way that they look and feel like any other toiletry a man would normally carry or use while at home or on the road.
For more information, visit Liberator.com.