Kraig Biocraft Laboratories' Investigatory Team Reports Successful Discussions With the Government of Vietnam
February 06 2014 - 9:50AM
Marketwired
Kraig Biocraft Laboratories' Investigatory Team Reports Successful
Discussions With the Government of Vietnam
Company's CEO Announces Positive Assessment of Commercial
Production Potential for Monster Silk(TM) in Traditional Silk
Producing Region
LANSING, MI--(Marketwired - Feb 6, 2014) - Kraig Biocraft
Laboratories, Inc. (OTCQB: KBLB) ("Company"), the leading developer
of advanced spider silk based fibers, announced today some of the
Company's findings from a very successful mission to assess the
potential to establish commercial production of the Company's high
technology silk fibers in Vietnam. Kim K. Thompson, the
Company CEO and Founder, conducted meetings with high ranking
Vietnamese officials, including, most notably, Deputy Prime
Minister Vu Van Ninh, which was featured on Vietnam Television
(VTV) National News and can be viewed at the following link:
http://www.youtube.com/watch?v=fvZUqd5veZY.
"The main purpose of the trip was to investigate and discuss the
possibility of establishing commercial scale production of Monster
Silk™ in Vietnam," said Thompson. "We inspected silk
production locations and infrastructure, potential vendor supply
chains and sourcing operations, as well as the scope and depth of
the country's sericulture industry. The trip confirmed that
Vietnam has the qualities and infrastructure needed to sustain
large scale production of advanced silk fibers. We believe
that our technology has the potential to revitalize the silk
industry."
After meeting with DPM Ninh, Thompson's delegation was
accompanied by Vietnamese diplomats on a working visit to Lam Dong
province. In Lam Dong, Thompson met with high ranking
officials of the provincial government to discuss potential
commercial production.
"Our discussions were very detailed and ranged from technology,
land use and building occupation, to employment considerations and
import/export duties. I'm very encouraged by what we have seen
and by the openness and forward thinking of our Vietnamese
hosts. I believe that the Vietnamese see the tremendous
potential for growth and mutual benefit. Excellent progress
was made on every key issue. We are now conducting a deeper
evaluation of the data, and look forward to the real possibility of
launching commercial scale production of high technology fibers in
South East Asia," Thompson concluded.
About Kraig Biocraft Laboratories, Inc.
Kraig Biocraft Laboratories, Inc. (www.KraigLabs.com), a fully
reporting biotechnology company is the leading developer of
genetically engineered spider silk based fiber technologies. The
Company has achieved a series of scientific breakthroughs in the
area of spider silk technology with implications for the global
textile industry.
Cautionary Statement Regarding Forward Looking Information
Statements in this press release about the Company's future and
expectations other than historical facts are "forward-looking
statements." These statements are made on the basis of management's
current views and assumptions. As a result, there can be no
assurance that management's expectations will necessarily come to
pass. These forward-looking statements generally can be identified
by phrases such as "believes," "plans," "expects," "anticipates,"
"foresees," "estimated," "hopes," "if," "develops," "researching,"
"research," "pilot," "potential," "could" or other words or phrases
of similar import. Forward looking statements include descriptions
of the Company's business strategy, outlook, objectives, plans,
intentions and goals. All such forward-looking statements are
subject to certain risks and uncertainties that could cause actual
results to differ materially from those in forward-looking
statements.
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security.
Ben Hansel Hansel Capital, LLC. (720) 288-8495
ir@KraigLabs.com
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