By Margaret John
The management Innoson Motors has signed a marketing and distributorship deal with CRWatch Resources as the distributor of the company’s vehicles and parts in Cross River and Akwa Ibom states.
The deal which was signed on August 7th, 2018 in Nnewi Anambra State, by the Chairman/CEO of Innoson Vehicle Management Co. Ltd, Chief Innoson Chukwuma and the CEO of CRWatch Resources, Agba Jalingo, granted the management of CRWatch Resources permission to sell the products of the Innoson Brand, in the afore mentioned states.
In a letter of introduction, the management of IVM expressed its approval of CRWatch Resources capability to meet the demands of the deal, stating that, “having met all requirements and found to be a partner in the growth and development of the IVM brand, the management of the company has approved CRWatch Resources as an official distributor and marketer of vehicles and other vehicle parts under the IVM brand in Cross River and Akwa Ibom states.”
In response, the CEO of CRWatch Resources expressed satisfaction with the development and said it was a landmark achievement that is clearly diversifying and expanding the scope of business for the company. He added that the new line of business will not only distinguish the company as a brand that is keen about adding value but also ambitious about creating wealth.
“We are very delighted and satisfied with the terms of this deal. We also want to express deep appreciation for the Chairman of Innosson for having confidence in our ability to pull this through. He is a great Nigerian who believes in the potentials in this country and he has demonstrated that in the level of confidence he has in us. We also want to make it clear that we are not just a publishing company but also a business concern with interest in other ventures as well and wealth creation.”
Highlights of the meeting included a tour of the IVM facility, as well as test run of the vehicles for marketing and distribution.
Innoson Vehicles Manufacturing is the first indigenous manufacturer of vehicles in Nigeria and presently has over 33 different brands of IVM vehicles in the market.
The company presently enjoys patronage from the Nigerian Army who presently use the IVM military trucks and Armored Personnel Vehicles in Sambisa, hardwares for the Nigerian Airforce as well as members of the National Assembly and Royal Fathers across the country.