SIOUX FALLS, SD--(Marketwired - Nov 28, 2016) - GroGenesis, Inc. (OTCQB: GROG) (the "Company"), a global sustainable solutions company and producer of AgraBurst PRO™, an organic, non-GMO nano-surfactant for growers, fertilizer manufacturers and commercial lawn and turf companies, announced the signing of a distributorship agreement with Vita-Agro S.A.S. for the South American country of Colombia.
Manuel Oviedo, Director General of Vita-Agro S.A.S., said, "For more than two decades, I have been involved in protecting the environment -- from building a hand hygiene program for healthcare infection control to developing environmentally friendly food processing systems. I strongly believe that the Latin American agricultural sector is in need of adopting sustainable non-GMO and organic farming practices to protect and enhance the health of the soil while, at the same time, increasing yields, reducing overall production costs, increasing the profits for producers and delivering better quality food to the market."
Mr. Oviedo added, "When we were referred to GroGenesis and its proprietary non-GMO, organic nano-surfactant, we wanted to field test it here with our large farmer base in Colombia. After several control tests on various crops, the results were extraordinary. The yields increased dramatically while enabling a significant reduction of chemical input.
"Vita-Agro is very excited to private label this remarkable agricultural input under the trademarked name AllGreen PRO™ to add to our proven sustainable protocols."
Mr. Richard Kamolvathin, President and CEO of GroGenesis, Inc., said, "GroGenesis is very fortunate to have this opportunity to execute an exclusive agreement with Vita Agro. Mr. Ovideo is a committed partner and leader who has a proven track record of success in non-GMO and organic food production in Latin America.
I feel strongly that GroGenesis has a tremendous opportunity to help concerned food growers achieve their mission of restoring soil health, water quality and nutrition in food with AgraBurst PRO™, as well as other proprietary organic technologies that are in various stages of research and development. We look forward to a strong roll out of these advances of non-GMO and organic agricultural science in 2017."
AgraBurst PRO™ is a proprietary, all-natural, non-GMO agricultural input that optimizes the uptake of applied nutrients to crops (including rice, coffee and palms), turf, trees, vines, pastures etc., in addition to improving water retention in the soil. By enhancing the plant's ability to efficiently access of added nutrients incorporated in fertilizers and applied pest and weed controls, food producers can minimize input costs while reducing the health risk to farm workers due to AgraBurst PRO™'s non-toxic properties. The environmentally friendly input is formulated for organic and non-GMO producers and those food growers seeking to convert to non-GMO and organic food production. AgraBurst PRO™ begins the process of improving the health of the soil while reducing the use of conventional chemical agricultural inputs.
With a population of approximately 48 Million, the Republic of Colombia is the third most populous Latin American country (after Brazil and Mexico). The main agricultural products include coffee (ranked as the fourth largest producer in the world), palm oil, bananas, corn, sugarcane, tobacco, vegetables, cocoa beans, oilseed, pineapples, potato and cut flowers. The agricultural industry employs 17% of the workforce and represents 6.1% of the nation's GDP.
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About Vita-Agro S.A.S. (www.vitaagro.com.co)
Founded in 2012, Vita-Agro S.A.S. is a pioneer in sustainable farming practices in Colombia with a corporate goal to address the three main area of environmental pollution -- agriculture, oil and mining and water. Vita-Agro's goal is to bring new sustainable programs and products to the agriculture industry in Latin America to increase production, yield quality, improve the condition of soils, reduce costs to farmers and ultimately deliver higher quality and more nutritious food to consumers.
Vita-Agro has been testing its farming programs for more than four years in the most important crops in Colombia, i.e. sugar cane, banana, potato, rice, coffee, palm oil, cacao, pineapple and others, with excellent results. The Company's goal is to expand throughout Latin America to introduce the significant benefits of its programs and products.
About GroGenesis, Inc.
Headquartered in the heart of the US Farm Belt, Sioux Falls, South Dakota-based GroGenesis is an agricultural services enterprise offering food producers a revolutionary, proprietary, all-natural, non-GMO nano-surfactant which enhances soil and crop health and reduces the health risk to farm workers due to its non-toxic properties. GroGenesis' flagship product, AgraBurst PRO™, is an all-natural, organic, non-GMO agricultural input which enhances the ability of the plant to more efficiently use the added nutrients incorporated in fertilizers, which results in less fertilizer required. The application of AgraBurst PRO™ can begin the process of improving the health of the soil while minimizing the use of conventional chemical agricultural inputs. Through a subsidiary, American Water Sanitation, the company offers sustainable, proprietary solutions to water remediation and wastewater treatment for toxic run-off in agriculture, fracking recovery ponds and algae blooms in lakes, reservoirs and ponds. For more information, please visit the Company's website at www.GroGenesis.com.
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This press release contains forward-looking statements that involve substantial uncertainties and risks. These forward-looking statements are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward-looking statements are predictions based on our current expectations about future events. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward-looking statements as a result of a number of factors, including but not limited to, the development of our products, our limited financial resources, our ability to raise the working capital needed to fund the expansion of our current and future distribution commitments, our ability to retain key employees, our competitors' ability to develop better or less expensive alternatives to our products and the risks and uncertainties discussed under the heading "Risk Factors" in Item 1 of our Annual Report on Form 10-K for the fiscal year ended May 31, 2016, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward-looking statement for any reason.