HumaTech Inc. (OTCBB:HUMT) announces its newest distributor in the European union. France International Trade (F.I.T.), located in Rennes, France, was granted distribution rights for Promax throughout France.
The pig industry in France is located in the center of Brittany and lies within a 70-mile radius of the Rennes office. F.I.T. supplies the top 5 feed compounders in France their Lysine and Enzyme products, which makes up approximately 40 percent of the French animal feed market. Being strategically located to the industry compounders allows F.I.T. to have annual sales of 100 million US. These top 5 compounders produce over 6 million metric tons of creep feed(a). The total market for animal feed in France is about 22 million metric tons annually.
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David Williams, CEO of HumaTech Inc., stated, “With a steady stream of our product Promax being integrated into this region of France, early estimates of revenue are approximately $26,400,000.00 over the next three years.”
(a) Creep feeds are designed to give the post weaning piglet its first solid food. Since the piglets are very susceptible to disease, it is critical to create an appetizing feed which strengthens the immune system’s defense capabilities, and provides the most protein efficient, easily digestible feed possible.
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 harbor” 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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