Dear Felix
Thank you for submitting [insert name of product] to our company for review and evaluation.
Though we were impressed with the quality of your product, our marketing review committee has made the decision not to distribute products of this type at the present time. Should our policies change in the future, we will consider your product as a candidate for distribution.
Should you develop or wish to submit other products in the future that you feel may be of interest to us, please feel free to contact us. Again, thank you for considering us as a potential distributor.
By:Lydia