SOURCE: Verity Corp.

Verity Corp.

October 20, 2014 07:30 ET

Verity Corp Reports Successful Cost Reductions and Growing Sales Pipeline

SIOUX FALLS, SD--(Marketwired - October 20, 2014) - Verity Corp (OTCQB: VRTY) (http://www.veritycorp.com), an agricultural services company offering food producers innovative products and services which improve soil and crop health through the use of environmentally friendly crop inputs including proprietary soil media, essential trace elements and non-GMO seeds, today provided a general business update. 

Jim White, Chief Executive Officer of Verity Corp, commented, "Since taking over as CEO of the company, in just a few short months, we have streamlined the organization for improved profitability. At the same time, we are laser focused on driving revenue by putting customers first. I am very pleased to report that our sales pipeline is growing. Our internal initiatives will take time before fully realized in our financial results; however, we are already seeing the early benefits."

"In terms of our customers, we are now in the midst of the harvest and we are gathering preliminary feedback from farmers utilizing our latest processes and soil technologies that is extremely encouraging. Not only do we expect our yields to compete with or even outperform mainstream farming processes, but we believe we can transition farmers to our sustainable approach at no additional input cost. By restoring the soil to its natural condition, crops are healthier and contain more nutrients, making them more resistant to pests, weeds and drought conditions without the use of harmful chemicals."

"At Verity, we live by the philosophy: 'don't guess, test.' This means we maintain an intimate relationship with the farmer and his soil. We believe each farm is unique, so we test the soil, we test the plants and we adjust the nutrients through a customized approach to maximize the health of the plants. Healthy plants equate to improved yields and happier consumers. "

"At Verity, our mission is to not only provide chemical free and environmentally friendly agriculture products and practices for our customers, but also to enhance both the revenue and earnings potential of farmers through science and sustainable farming practices. Over time, we believe these changes will ripple throughout the industry as farmers realize they can enhance profitability, while at the same time addressing demand for quality and chemical-free food. We have already seen a dramatic increase in demand for healthy and non-GMO food products. We believe this trend will only continue to accelerate as consumers become more educated about their food choices."

"Finally, given the bright outlook for the business, we are pleased to announce we have engaged Crescendo Communications for investor relations services. The team at Crescendo Communications has extensive experience representing small-cap public companies. We look forward to working closely with Crescendo to more proactively communicate our business model and upcoming milestones to the investment community."

About Verity Corp
Verity Corp (VRTY) is a sustainable agriculture company offering food producers -- both crop and livestock producers -- a comprehensive program of products and services focused on crop and soil health through the use of environmentally friendly crop inputs. Verity's mission is to enable food producers to minimize dependency on chemicals such as fertilizers, herbicides and pesticides resulting in the efficient production of healthy sustainable food. The company's growing customer base includes:

  • Farmers transitioning to non-GMO food production
  • Dairy farmers interested in improving the health of their livestock with revitalized water and non-GMO feedstock 
  • Fish farmers wanting to improve the water quality of their fish ponds without chemicals
  • Professional turf groundskeepers (parks, golf courses, sports fields etc.) and homeowners wanting to reduce their chemical footprint and,
  • Farmers motivated to adopt sustainable solutions for improving soil health and improving yields

For more information, please visit www.veritycorp.com

Safe Harbor: Statements contained in this news release, other than those identifying historical facts, constitute "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 and the Safe Harbor provisions as contained in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relating to the Company's future expectations, including but not limited to revenues and earnings, technology efficacy, strategies and plans, are subject to safe harbors protection. Actual Company results and performance may be materially different from any future results, performance, strategies, plans, or achievements that may be expressed or implied by any such forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements.

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