USA: HumaTech Inc. Appoints Exclusive Agricultural Distributor for the UK and Ireland
The UK has 40 million acres of crop land that could potentially use HumaTech's agricultural line of products. According to recent UK governmental studies, noted in the National Press, the agricultural usage of humates was on 50,000 hectares (120,000 acres) last year and is expected to increase by over 300% this year. Exclusive contracts between HumaTech Inc. and NPK Ltd. also include the contractual responsibility to expand HumaTech Inc.'s industrial bio-remediation business in the UK and Ireland. Last year, the bio-remediation industry for conditioning in the UK and Ireland was in the excess of 100 million US dollars.
NPK Ltd. expects to capture 30% of the growing humate agricultural market the very first year with HumaTech's line of Agra-line of products. David Williams, CEO of HumaTech Inc., stated, "We are very excited to grow in this arena with our agricultural products. We have been selling our Agricultural products in the United States since 1978." Projections for the next 2 fiscal years in the agricultural market in the UK and Ireland are in excess of 11 million US net to HumaTech Inc. in the United States.
HumaTech Inc. is the manufacturer and distributor of its humate-based nutrients for plants and animals, classified as "High Technology Organic Solutions." Produced from a proprietary process described as Iso-Molecular technology, HumaTech sells different product lines to the following markets, growers of agricultural crops, animal feed supplements to feedlots, golf courses and commercial landscapers.
This release contains forward-looking statements with respect to the results of operations and business of HumaTech Inc. that involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. Risks and uncertainties of the Company will be detailed from time to time in the Company's periodic reports. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, and all other forward-looking statements be subject to the "safe harbors" provision of the Private Securities Litigation Reform Act of 1995. For additional information regarding the company, please visit the company's web site at http://www.humatech.net.
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