American Soil Technologies (OTCBB:SOYL) today announced that its subsidiary, Agriblend and United Agri Products Southwest (UAP SW) have signed an agreement, whereby UAP Southwest will be the exclusive distributor for the Agriblend soil amendment products in Texas, Oklahoma and New Mexico.
UAP Southwest (including Texas, Oklahoma and New Mexico) represents more than 30 million acres of farmland, including crops, vegetables and fruit. This region will be a test region for Agriblend, with the potential for national distribution.
“We are excited to have the opportunity to bring the Agriblend soil amendment products to the marketplace. This novel technology allows the southwestern crop producer new options in production management,” stated Steve Henning, Product and Market Manager, UAP Southwest.
Sean Lee, Executive Vice President of Marketing for Agriblend, stated, “Uniting Agriblend’s expertise in polymer technology with UAP Southwest’s strong and successful track record will provide a dynamic tandem with extensive products and information for today’s farmer. In addition, this alliance will provide Agriblend with additional growth opportunities, as UAP Southwest will afford Agriblend vast and immediate distribution channels in the agricultural marketplace.”
About United Agri Products, Inc.
United Agri Products, Inc. markets and distributes agricultural input products such as seed, fertilizer, and chemicals worldwide. It is an operating company of ConAgra, Inc. (NYSE:CAG – news) ConAgra, Inc. is a $25-billion-plus food company, and is North America’s largest foodservice manufacturer and second-largest retail food supplier. ConAgra employs 85,000 people worldwide.
About American Soil Technologies, Inc.
American Soil Technologies, Inc., develops, manufactures and markets cutting-edge technology that decreases the need for water in dry land farming, irrigated farming, and other plant growing environments while increasing crop yield and reducing the environmental damage caused by common farming practices. In addition, the Company holds exclusive rights to a soil washing technology that removes hydrocarbon (petroleum) products from contaminated soil and recycles the soil for commercial use.
The Company was formed in September 1999 by acquiring the marketing rights to Agriblend and forming two divisions: Soil Wash Technologies and Agriblend Division. The technological link between Soil Wash Technologies and Polymers Plus combines the expert knowledge of each company with respect to polymers and soil. The Company believes this strategy will make it a world leader in the science of agronomy. More product information can be found at www.americansoiltech.com.
Statements in this news release that are not descriptions of historical facts are forward-looking statements that are subject to risks and uncertainties. Words such as “expect,” “intends,” “believes,” “plans,” “anticipates” and “likely” also identify forward-looking statements. All forward-looking statements are based on current facts and analyses. Actual results may differ materially from those currently anticipated due to a number of factors including, but not limited to history of operating losses, anticipated future losses, competition, future capital needs, the need for market acceptance, dependence upon third parties, disruption of vital infrastructure and intellectual property rights. All forward-looking statements are made pursuant to the Securities Litigation Reform Act of 1995. Additional information on factors that may affect the business and financial results of the Company can be found in filings of the Company with the Securities and Exchange Commission.