SAN DIEGO, CA--(NewMediaWire - Aug 17, 2017) -
ProGreen US, Inc.
(ProGreen) (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.
ProGreen today provided the following comments pertaining to the
interview of its President and CEO, Jan Telander, on August 8,
2017, by host Everett Jolly of the Uptick Network (listen
at http://upticknewswire.com/featured-interview-ceo-jan-telander-of-progreen-us-inc-otcqb-pgus or www.ProGreenUS.com/investors).
During the interview, Mr. Telander described ProGreen as having
two "legs" of business in Baja California, the first being
agriculture and the second, real estate, and noted that ProGreen
recently moved its headquarters from Michigan to San Diego to be
closer to the company's business activities and the newly
established office in Ensenada.
(AGRICULTURE)
He explained that the farming operation in Baja California was
beginning the harvest last week "at this first of many ProGreen
Farms™, called Arenoso, where we are growing chili peppers this
year, and we anticipate to harvest up to 3,000 tons from now until
close to the end of the year."
Telander further explained -- due to the current price of chili
peppers being higher than normal, we could see a higher average
price than we contracted for in January. So we're looking forward
to a very good first year, and going forward, we have all the land
necessary for expansion.
Additional areas of the Arenoso land are being prepared to
varying degrees for the next year and, with revenues now flowing
from the chili pepper harvest, possibilities are being considered
for a winter crop on some of the land to follow after the chili
pepper harvest. We are also considering various options for
improving efficiencies to obtain much higher yield per acre, with
the development of new land in combination with various methods
& processes that can potentially double the produce output.
(Further detail on the agricultural operations provided in the
interview, as well as the in the company's August 14th press
release)
(REAL ESTATE)
Regarding the 5,000-acre Cielo Mar development on the Pacific
Coast of Baja California:
"We have 4 1/2 miles of oceanfront, and we are planning to do 3
golf courses, a marina, up to 7000 single family home lots, 3000
condominiums, 3000 hotel rooms, and obviously all of the commercial
and sports areas. It's going to be totally gated, and it's going to
be totally green.
We are going to power the (whole development) through solar
roofs -- something that's starting to become a little bit more
well-known now, in America, through Tesla." Mr. Telander went
further to give previously undisclosed details of one of the
advanced "sustainable" technology solutions that is being
planned for Cielo Mar: "Every building in the project (will be) a
power station, which feeds into the grid, that goes into a battery
bank, to then draw it back when you actually need it, when there's
no sun out there.
This is a very unusual development in the size of this, and in
an area where we don't have any planning restrictions -- because
there are no other developments around there. That gives us the
ability to create literally everything from zero, and do something
that would be practically impossible to do anywhere else! And that
really gives an edge, in the end, of creating something totally
beautiful and fantastic; and unique! I think there is nothing you
will find that will be equal to this -- in the very near future, at
least."
"It is only fitting that, in this area of the world that is
well-known and treasured for its natural attractions -- and offers
a nearly ideal year-round climate -- we are planning the Cielo Mar
development to integrate several of the world's most advanced, and
most recently developed 'green' technologies," Jan Telander said
today. "I believe that Cielo Mar will truly represent the advent of
sustainable living!"
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
anticipated.