MESA, Ariz., July 15, 2004 (PRIMEZONE) -- Humatech, Inc. (OTCBB:HUMT) CEO David Williams, in an interview broadcast over World Talk Radio Network, today expanded on the company's announcement last week that it has signed a five year agreement 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=2019 .
In the interview, Williams notes that Ohio-based Akey, a company which last year had revenues of approximately $200 million, began working on its own tests of Humatech's Promax(r) animal feed product 18 months ago. It was introduced to Humatech by one of its key customers, a major multi-billion dollar food production company.
He 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 worldwide.
The CEO also notes that the feed market is huge and growing, and the stakes are high. Last year, he said, more than 600 million tons of compound feed were manufactured and sold worldwide with an additional 385 million tons 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.
In the initial announcement, Dr. Dwight Armstrong, President & CEO of Akey, also suggested that potential, saying, "Our research to date, which will continue in the future, has shown Humatech's Promax product to improve animal performance and have very significant value for the producer . . . "
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 .