USA: HumaTech, Inc. Grants Distributorship to the Middle East
Zola Corp. is located in Tel Aviv Israel, with offices and sales agents throughout the entire middle eastern region. They have a well-established distribution and logistics network, as well as their own shipping line.
Meir Winter, President of Zola Corp., has been instrumental in this region, representing the Israeli government import/export company AGREXCO (annual sales US$600,000,000), thus working closely with relevant governmental agencies in agriculture and trade sectors. Meir Winter's company also represents several other large corporations in this region, such as Gerber Foods, also the UK-BASED food company FYFFES/GEEST and others. Sales income overall exceeds US$44,000,000 annually, for these clients.
Zola Corp. works closely with both large Israeli feed compounders - AMBAR (800,000 tons per year) and MILOBAR (500,000 tons per year) also with the NATIONAL POULTRY CO of JORDAN (Owned by the DELMONTE GROUP).
Mr. David Williams, CEO of HumaTech, Inc. stated, "This specific region of the world is of particular interest to the company for sales of Promax, because they are closely following Europe's lead in removing antibiotic growth promoters from animal feed. Egypt is also an important area of interest for our agricultural line of products, because they are major producers of cotton and rice."
According to the US EMBASSY in Egypt, 30% of the 2.3 million acres of land on which cotton and rice are grown suffer from soil salinity and alkalinity problems like those in the southwestern USA, and have limited micro nutrient availability. This is an area of HumaTech expertise and where HumaTech products have been used to great effect for 20 years. Over this large area of land (at least 600,000 acres requiring conditioning and remediation) the standard rate of Agri- Hume, our soil conditioning and remediation product could potentially generate $7,500,000 of sales annually for the company in Egypt alone.
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 are 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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