Valuation Of Distribution Agreement

In the 19 sectors mentioned above, there is a wide range of publicly traded wholesalers. Yahoo! Finance reports a significant dispersion of profit multiplier prices in all sectors. For example, it is reported that public pharmaceutical wholesalers have an average price of 9.7, while wholesalers currently have an average price of 12.6 for food and food services. Sector averages for valuation multipliers vary depending on the overall performance of SOEs within the sector. When selecting and using publicly traded comparable wholesale companies, it is important to select companies that are reasonably close to the specialized company in terms of the products offered, the markets served, the financial performance and the size of the business. Despite the current economic recession in the United States, wholesale trade remains the blood of the lives of producers with industry growth that has outpaced GDP growth. However, the sector is not immune to the current economic recession. For their part, most manufacturers continue to rely on wholesale trade to deliver products to their customers, as they can offer more services to their customers because of their local presence, rapid response and flexibility. Wholesalers generated sales of $4.5 trillion in 2008, an increase of 8.4% over 2007. Adjusted for changes in the prices of underlying raw materials, sales increased by less than half a per cent.

Almost all sectors in the United States recorded negative growth in the second half of 2008. The first quarter of 2009 was particularly bad for the sector. In the first quarter of 2009, inflation-adjusted wholesale sales decreased by 9.5% compared to the first quarter of 2008. Wholesale trade is an important force that serves almost every sector of the U.S. economy. The industry serves as a means of transferring many products from the manufacturer or manufacturer to retail stores, exporters or even other wholesalers. In general, there are two economic models for wholesale trade. These models are often referred to as wholesale and wholesale electronics markets. Wholesalers sell both durable and unsustainable goods and take possession of these goods while waiting for their sale to customers. Wholesale electronics markets, including agents and brokers, act on behalf of buyers and sellers of goods, but generally do not assume ownership or possession of the goods for sale. Transactions are often made under this business model via Electronic Data Interchange (« EDI ») The distribution method is a powerful tool for assessing customer relationships in situations where these relationships are a support resource and where there are appropriate market inputs.