Thank you for submitting (insert name of product)
to (firm) 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
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 (firm) as a potential distributor.