Guadalajara, MÉXICO, and Nevada, Oct. 26, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Vegalab, Inc. (“Vegalab” or the “Company”) (OTCQB: VEGL), recently finalized a Distribution Agreement with AMVAC México S. de R.L. de C.V. (“AMVAC México”), a subsidiary of AMVAC Netherlands BV (“AMVAC BV”), for distribution of all-natural biologically derived pesticides, fertilizers and specialty products across México. AMVAC México is a crop protection company based in Guadalajara in the State of Jalisco, México with a 22-year history of helping farmers with their crops. AMVAC México has a Sales Organization in place throughout México.
México, the third largest agricultural trading partner of the United States, produces a wide variety of fruits, grains and vegetables including: corn, sugarcane, sorghum, wheat, tomatoes, bananas, chili peppers, oranges, lemons, limes, mangos, other tropical fruits, beans, barley and avocados. In the future, AMVAC and Vegalab will provide an extensive line of environmentally friendly products that help maximize yields. AMVAC signed a Distribution Agreement for Vegalab products. The Agreement stipulates that Vegalab will provide the proper support to AMVAC to assure that growers can get the most out of Polen Bust, a very effective, adjuvant in the pollination process, which has been specially formulated for the Mexican market and is available for sale in México. Polen Bust is the first of a family of organic materials produced by Vegalab that AMVAC will be working toward official registrations during the coming months.
Marco A. Salcedo Martínez, Director of AMVAC México SRL, stated: “We are very excited about the beginning of our relationship with Vegalab and what better than with a product of such relevance to México as Polen Bust. The development of innovative concepts that come to cover some of the main concerns of the producer in México, as well as, the high quality of Vegalab products, will help to quickly position this portfolio among the preferred tools of our growers. We are starting this relationship with Polen Bust, a material that helps flowers to be more attractive to bees which, we have seen, promotes greater pollination. In this way AMVAC continues to support our producers with innovative products that help increase their productivity in our most important markets.”
Vegalab CEO, David Selakovic, said: “This valuable partnership creates strong growth opportunities for Vegalab. The AMVAC team will introduce us to key members of the Mexican agricultural sector, and the Vegalab team looks forward to working with farmers who are seeking to utilize products that support a healthy soil biome and yield better harvests. As the official distributor of North and South American Vegalab products, we are very pleased to enter the Mexican agricultural sector.”
About Vegalab, Inc.
Vegalab, Inc. is the exclusive distributor in North and South America of a line of all-natural, biologically derived pesticides, fertilizers, and specialty agricultural products. Vegalab’s pesticides are highly effective against targeted organisms, non-toxic to beneficial organisms, and safe for the environment. Vegalab’s products support a healthy soil biome and are cost competitive with synthetic chemicals. The Company operates in two segments of the food industry. The Agronomy Business involves the manufacture and distribution of all-natural crop protection, crop health, and soil enhancement products: and The Packing Business is the operation of a citrus packing facility.
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Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” “would” or similar words. You should consider these statements carefully because they discuss our plans, targets, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. These statements are subject to certain risks, uncertainties, and assumptions, including, but not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products and services, based on its technology; the expected benefits and efficacy of the Company’s products, services and technology; the availability of additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and, the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies; the ability of the Company to execute on a business plan that permits the technologies and innovations businesses to provide sufficient growth, revenue, liquidity and cash flows for sustaining the Company’s go-forward business, and the risks identified and discussed under the caption “Risk Factors” in the Vegalab Annual Report filed with the Securities and Exchange Commission (the “SEC”) and the other documents Vegalab files with the SEC from time to time. There will be events in the future, however, that Vegalab is not able to predict accurately or control. Vegalab’s actual results may differ materially from the expectations that Vegalab describes in its forward-looking statements. Factors or events that could cause Vegalab’s actual results to materially differ may emerge from time to time, and it is not possible for Vegalab to accurately predict all of them. Any forward-looking statement made by Vegalab in this press release speaks only as of the date on which Vegalab makes it. Vegalab undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.