MESA, Ariz., Dec. 2, 2004 (PRIMEZONE) -- Humatech, Inc. (OTCBB:HUMT) CEO David Williams, in an interview broadcast over World Talk Radio Network, today offered an update on company operations, and the impact of the company's ongoing partnership with Akey, one of the nation's leading animal nutrition solutions companies. The interview, conducted by research analyst Francis Gaskins of IPOdesktop.com, is available at http://www.worldtalkradio.com/archive.asp?aid=2957 .
In the interview, Williams notes that since entering into its agreement with Ohio-based Akey, more than 500,000 pigs domestically, and twice that many worldwide, are now being fed with Humatech's Promax(r) animal feed product. He also notes 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 worldwide. Every one of them, Williams notes, is a candidate for Humatech's Promax product lines.
The CEO also notes that the feed market is huge and growing, with 987 million tons of compound feed manufactured and sold worldwide, including feed produced at the farm level. Overall compound feed production of all kinds is approaching 1 billion tons annually, he reports, underscoring the enormous potential for Humatech's Promax as an important additive for those feeds.
Williams said that Humatech is now seeing consistent growth with continued ramp up in operations that will be reported on in more detail in the coming weeks.
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 .