HOUSTON, Nov. 7, 2002 (PRIMEZONE) -- HumaTech, Inc. (OTCBB:HUMT), the manufacturer and distributor of organic-based nutrients for animals, today announced that a major feedlot customer had successfully completed two independent tests of one of its Promax(r) feed ingredient formulas -- used primarily in the beef cattle feedlot market -- with cattle raised on this feed ingredient yielding higher per pound prices from the meat packer.
"These two tests, conducted at a 30,000 head feedlot, were successful in every way," said HumaTech President and CEO David Williams. "They are creating solid customer confidence in our Promax formulations being of very measurable value in the highly competitive feedlot business, where there is not a penny to waste."
"The real world benefit of using Promax in animal feeds is remarkable," said Bert Parker, the feedlot manager who directed the testing while managing the Sugarland Feed Yard this past year. "I conducted two separate studies using Promax as a feed ingredient in our feeds for steers and heifers," said Parker. "The results were profitable, and consistently better than the control groups. The meat packer paid a higher price per pound for the Promax fed cattle.
"The nearly identical results from both tests gave me real world confidence in using Promax," Parker continued, "in that it will inexpensively give consistent results in beef cattle under a variety of conditions. I really like the economics of using Promax, and actively recommend this product wherever I go. I feel that it has a great future in the beef cattle feedlot market."
Parker noted that, "Having met with some of the university research scientists that are involved in research on Promax, as well as seeing for myself the added income of four to five times the cost of Promax on each head of cattle, and the benefits of reducing cost of gain, has given me the highest level of confidence in what I believe will become a standard for the industry."
Williams added, "While HumaTech does not make significant claims for Promax, it is gratifying to us that managers of some of the world's largest feedlots find this product to be a very useful and economic tool in efficiently feeding and raising beef cattle in feedlots. This is what will drive long term recurring sales for HumaTech in this very important segment of our business, and will help generate consistent earnings for our shareholders."
HumaTech, Inc. manufactures all natural nutrient solutions for plants and animals, produced from a proprietary process described as "Iso-Molecular" technology. The company markets Promax(r) to the animal feed industry, and also has an extensive agricultural product line, which it markets in the USA and Europe, as well as its newly developed Organic Advantage(r) retail product line, which consists of 12 organic-based liquid products ranging in size from a 4oz. Planting Solution, to a 2-1/2 gallon Lawn Food.
Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward-looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.
For additional information regarding the company, and its product lines, please visit http://humatech.com.