Style extends US distribution contract

Prospects in the North American market are picking up for bamboo flooring products company Style Ltd which has extended a distribution agreement in the country by three years to 2012.

The company said the agreement with major customer Buckwold Western was due to expire mid next year, however the contract has been extended until July 15 2012.

"This contract extension underpins Buckwold Western's belief in the Company and its products and will enable the company to plan the ongoing roll out of its product range into the North American market and underpins its strategic growth in that major market," Style said.

The extension follows a disappointing full year report released last month, where the company recorded a net loss of $6.78 million.

Quality issues with the Floating Floor production resulting in a complete halt of North American sales in the second and third quarter were partly to blame.