SAN DIEGO, CA--(NewMediaWire - Jul 26, 2017) - ProGreenUS, Inc.,
(OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS,
is a US company engaged primarily with investments in agricultural
and real estate projects in Baja California, Mexico, both through
its joint venture partnership with Inmobiliaria Contel S.R.L.C.V.
(Contel) and through its majority-owned Mexican subsidiary Procon
Baja JV (Procon), www.CieloMarBaja.com.
ProGreenUS, Inc. (ProGreen), previously located in Bloomfield,
Michigan, has moved its headquarters to San Diego, California.
Concurrent with this move, the company also opened an office for
its subsidiary operations in Ensenada, BC, Mexico. This completes a
profound transformation of the company's business that began with
the signing of a strategic joint venture agreement with
Inmobiliaria Contel 18 months ago, giving the JV access to very
large tracts of land for agricultural use in Baja California,
Mexico (Baja).
"The establishment of the West Coast offices represents the sea
change that ProGreen has undergone over the past 6 months," says
Jan Telander, President & CEO of ProGreen. "We are now in a
totally different position, with enormous opportunities for, not
only the short term, but also for the intermediate as well as the
long term."
ProGreen's agricultural business investment, headed by the
company's joint venture partner, Contel, launched its farming
operations in January of this year, with the signing of a $1M+
sales agreement for chili peppers with a major produce
importer/exporter to the U.S. market. 1.9 million pepper plants
have been planted on the first ProGreen Farms™ farm, with the
impending harvest expected to yield millions of pounds of chili
peppers through November. The excellent results, expected already
from this first year of production, has set the base for very
aggressive expansion plans, going forward.
Also in January, ProGreen, through its majority-owned subsidiary
Procon Baja JV, acquired a 5,000-acre tract of oceanfront land, for
which a master plan is currently being created, for the development
of a very large, totally green, resort-style international vacation
and retirement community called "Cielo Mar"
(see: www.cielomarbaja.com). Very early public interest in
this project, led to that we launched a first pre-sales offer for
lot reservations in April, which we closed after receiving 25
reservations within a few weeks. A second offer of 50 additional
lots, is expected to be launched next week.
"We now see a clear way towards a strong consolidation of the
company on the financial front, and the close proximity of the two
offices will enable ProGreen to efficiently manage the rapidly
expanding business activities in Baja," said Jan.
Office locations:
ProGreen US, Inc.
2667 Camino del Rio South
Suite 312
San Diego, CA 92108-3763
Procon Baja JV (and Contel Inmobiliaria S.R.L.C.V.)
Lázaro Cárdenas 1094 Local 1 y 2
Zona Centro
22800 Ensenada, B.C. Mexico
Websites:
www.ProGreenUS.com
www.CieloMarBaja.com
Follow us on social media:
https://www.facebook.com/ProGreenFarms/
https://www.facebook.com/cielomarbajacamx/
https://twitter.com/ProGreenUS
http://www.progreenus.com/blog
About ProGreenUS, Inc.
ProGreenUS, Inc., www.ProGreenUS.com, based in San Diego,
California, is engaged primarily with investments in agricultural
and real estate projects in Baja California, Mexico, both through
its joint venture partnership with Inmobiliaria Contel S.R.L.C.V.
(Contel) as well as through its majority-owned Mexican subsidiary
Procon Baja JV (Procon). Contel is now active in the high margin
produce industry, growing crops for exporters to the US market,
with an abundance of land available for expansion under our JV
partnership. Procon has recently acquired 5,000 acres of land with
4.5 miles of oceanfront on the Bay of El Rosario, for which a
master plan is being drawn for the development of a very large,
totally green, international vacation and retirement community
called "Cielo Mar."
Independent Stock Message Forum:
http://investorshangout.com/ProGreen-US-PGUS-65470/
This press release might contain information, which may
constitute 'forward-looking statements' within the meaning of the
Securities Act of 1933 and the Securities Exchange Act of 1934, as
amended by the Private Securities Litigation Reform Act of 1995.
'Forward-looking statements' are based upon expectations, estimates
and projections at the time the statements are made that involve a
number of risks, uncertainties and other factors that could cause
actual results or events to differ materially from those
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