Newron Sport (Pink Sheets: NSPT) has released a shareholder update. The company announced that because if their low operating costs, efficient business model and experienced management team, the company has maintained a steady growth even through the economic downturn.
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Newron exceeded test projections across the board, and customer satisfaction levels are higher than expected. The changes that took place over the past few months have made the way for new retail listings in Canada, the U.S. and Europe. The company moved its attention to the refinement of administrative systems, issues of compliance and the expansion of its global sales division.
The licensor of the Newron skate technology has undergone several changes recently as it restructures and forms new alliances and partnerships with industry leaders.
Newron's patented tandem device is a unique product that focuses on both recreational use and enhancing sports performance by allowing the enjoyment of inline skating on hard and rough surfaces without the vibrations and loss of balance because of surface imperfections as the Newron skate system absorbs these imperfections and provides the inline skate user the feel of a smooth glide, stride and maneuverability of an ice skate, all while offering the user a safer and more efficient braking system than the conventional inline skates.
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