with Singapore - US Chamber of Commerce

HEALTH/MEDICALIndustry: Health ProductsNumber of U.S. Employees: 10Major Products Sold to Singapore: Bio-Formulations LineYears of Involvement in Singapore: Less than 1Industry: Pharmaceutical DevelopmentNumber of U.S. Employees: 9Major Products Sold to Singapore: Cyclo-ZYears of Involvement in Singapore: Less than 1Photo courtesy of Oakley Graphic Productions, Inc.BIO-FORM INTERNATIONAL, LLC.Point Pleasant, New JerseyTheodore J. Brembos, Principal DirectorThomas M. Walters, Technical and Marketing Directorwww.bio-form.comBio-Form International researches and designsnatural performance-enhancing supplements for itsfitness-oriented consumers. Bio-Form, which sells itsBio-Formulations internationally, expands its current presenceby introducing its product line to Asia. Once Bio-Formcompletes arrangements for distribution in Singapore, itanticipates a 25% increase in gross sales.With assistance from the New Jersey and Singaporebranches of the U.S. Department of Commerce, Bio-Formdeveloped model networks for international distribution.Bio-Form’s success in Singapore will contribute to increasedeconomic stimulusfor Americanbusinesses in theregion. ThomasWalters, technicaland marketingdirector, recognizesthat an FTA withSingapore willbenefit hiscompany intwo ways: “Byeliminating tradebarriers withSingapore, wewill be able tocompete on a level playing field with other companies inSingapore’s sports nutrition sector.” In addition, “TheAsian market will acknowledge and respect the UnitedStates’ confidence in signing the agreement withSingapore, further opening doors for U.S. businesses.“PREVENTIVE NUTRIENT CO., INC.Northridge, CaliforniaMoon K. Song, Ph.D., CEO and Presidentwww.preventivenutrient.comPreventive Nutrient Co. distributes high-quality dietarysupplements and medications, like Pro-Z and Cyclo-Z,for the prevention and treatment of diabetes andobesity. The company only recently entered the Singaporemarket with Cyclo-Z, and sales already account for 10% of thecompany’s gross revenue.The president of Preventive Nutrient Co., Moon Song,credits his company’s success in Singapore with the support ithas received from the U.S. Department of Commerce and theU.S. Embassy in Singapore: “The Department of Commerceand the Embassy relayed our product information toNutri-Active Pte. Ltd., a mid-size company with a solid salesbase in Singapore. After reviewing Cyclo-Z, they found it tobe marketable and agreed to purchase it from us.”Moon views the U.S.-Singapore FTA as a mutual means ofeconomic growth and development. In the past, PreventiveNutrient Co. has avoided trading with countries that imposestrict regulations and excessive tariffs on American goods andservices. An FTA with Singapore would further facilitate theflow of goods between the two countries and consequentlyaugment sales.12