MESA, Ariz., Aug. 4, 2004 (PRIMEZONE) -- Humatech, Inc. (OTCBB:HUMT) CEO David Williams, in an interview broadcast on WallSt.Net, today issued an updated report on the company's recent announcements of agreements domestically and overseas with two major companies focused on animal nutrition and agricultural solutions. The interview, conducted by research analyst Nick Iyer, can be accessed at www.wallst.net.
In the interview, Williams discusses the potentially positive impact to Humatech of agreements with both Akey and J & H Bunn Ltd, whose revenues last year amounted to $200 million and $185 million, respectively. Ohio-based Akey is now including Humatech's Promax (r) animal feed product in its feed compounds. J & H Bunn, a major U.K. fertilizer supply company in business nearly 200 years, will begin shipping Humatech's AgriHume product in time for the fall planting season in England for growers of both potatoes and sugar beets. Williams says the U.K. company has a well established customer base, and that Bunn is anticipating 1 million tons of fertilizer sales in the coming year.
The CEO also points out that Akey is owned by Provimi, an international group of companies headquartered in The Netherlands, that last year had revenues of $1.8 billion. With strong market positions worldwide in animal nutrition, Provimi's companies, including Akey, market feed products for nearly all species in more than 100 countries.
Williams said Humatech anticipates continued and growing revenues from these far reaching agreements that cap more than 23 years of development, and that will be more fully detailed in future quarterly filings.
About Humatech, Inc.
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 U.S.A and Europe, as well as its 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.
Additional information regarding the company, and its product lines, is available at www.humatech.com.