T.M.T. Resources Inc.
TSX VENTURE : TMT.H

June 23, 2014 09:00 ET

TMT Resources to Pursue Opportunities in the Indoor Grow Industry

VANCOUVER, BRITISH COLUMBIA--(Marketwired - June 23, 2014) - Canada. T.M.T. Resources Inc. (TSX VENTURE:TMT.H) (the "Company") announces that it has appointed George Gummow as an Advisor to the Company, as it changes its focus to opportunities to supply new technologies to the Indoor Grow Industry.

Widely recognized as an innovator of today's ready-cut fruit and vegetable industry, for 28 years Mr. Gummow was the President, CEO and an owner of Royal Foods Co. Inc., the largest fresh wholesale produce distributor/processor in California. His company later merged into the nation's largest fresh produce distributor, Freshpoint. Freshpoint was acquired by SYSCO, the global leader in the foodservice market, in 2000. Mr. Gummow continued as COO of FreshPoint/Royal Foods for five years. Under Mr. Gummow's leadership, FreshPoint/Royal Foods had weekly production in the millions of pounds, and some of the companies innovations included seed development, advanced growing techniques and refrigerated distribution. Mr. Gummow was also a founding member of the Produce Marketing Association ("PMA"), a trade organization representing companies from the global fresh produce and floral supply chain.

Scott Ackerman, CEO of the Company, commented: "The Indoor Grow Industry encompasses traditional greenhouses (vegetables and floriculture), hydroponics, and the rapidly expanding medical marijuana growing operations. With energy prices continuing to rise and an increased interest in sustainability, a market for the supply of highly efficient, environmentally friendly technologies to the Indoor Grow Industry has developed. Mr. Gummow's deep relationships within the Indoor Grow Industry, and his extensive experience with marketing products from this industry will be invaluable as we investigate opportunities to acquire technologies that can offer substantial energy savings while improving plant yields and seed-to-harvest cycles."

The Company has granted 100,000 incentive stock options to Mr. Gummow. The options have an exercise price of twenty cents per share and expire in five years.

On Behalf of the Board of Directors of

T.M.T. RESOURCES INC.

Scott Ackerman

President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements.

Contact Information

  • T.M.T. Resources Inc.
    1-866-824-8938