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Posted December 16, 2003 by publisher in Cuba-US Trade

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Press Release

Transfer Point Executive Team to Attend Cuba’s ALIMPORT Exhibition in Havana Cuba December 14-18

Columbia, SC – Transfer Point LLC, a dietary supplement and food ingredient company specializing in Beta 1,3-D Glucan, Glucosamine, Astaxanthin and other dietary supplements has obtained a commercial license from the US Treasury Department to sell its products to the Republic of Cuba. Under current law, the only product categories exempt from the U.S. Trade Embargo on Cuba are food, agricultural products, and medicines. Since the allowance has been granted, the Cuban government has purchased over $500 million dollars of goods from the United States over the last three years. Dietary supplements, food additive ingredients, and raw materials under the food and medicine categories are permitted to be sold to Cuba. Transfer Point, LLC joins over seventy other companies and fifteen state departments of agriculture and commerce that will be selling U.S. products to Cuba in transactions expected to total approximately $100 million in this round of negotiations.

“We are very excited by the opportunity to sell our products to Cuba”, stated A.J. Lanigan, the company’s formulator and contract manufacturer. The Cubans appreciate the importance of natural products like ours and the role they can play in their food supply and medical system. We look forward to beginning a productive business relationship with the Cuban people and delivering high quality products that will enhance their health and nutrition.”

Joining Mr. Lanigan as the company’s co-negotiator and chief advisor is Antonio C. Martinez II, of the firm Martinez Bass in Washington DC. Martinez is an expert on Cuba and Food and Drug issues. “We are delighted to have Tony Martinez serve with Transfer Point as its advisor on our deals with Cuba.”

For More Information Contact:
A.J. Lanigan / Marilyn Becker, President
Transfer Point LLC
Telephone: 877-407-3999
Fax: 803-561-9497

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