GMND Licenses Bi-Agra Technology to C.Trade-Bard for Worldwide Manufacturing & Distribution
December 03 2012 - 9:00AM
OTC Markets
CARLSBAD, Calif. – December 3, 2012 -
Green
Mountain Development Corp (Pinksheet:
GMND), announced today that GMND has signed a licensing agreement
with C. Trade-BARD,
Inc. (CTB) for the manufacturing & international distribution
of Bi-Agra™
products. CTB plans to manufacture the products in its Pennsylvania
facility,
develop an international marketing strategy and distribute the
products in
multiple countries. The
license
agreement is for a term of fifteen years and calls for gross
revenue royalty
fees for the term of the contract. Both companies look forward to
the
successful deployment of the Bi-Agra™ products which have
demonstrated
increased yields for many food and fuel crops.
C.Trade-BARD,
Inc. has an extensive scientific research facility and also
manufacturing sites
in Pennsylvania, Georgia and Texas and currently concentrates its
business
efforts on algae based products including bio-fuels. CTB provides manufacturing
capacity and an
international distribution infrastructure for Bi-Agra™ products,
allowing GMND to
extend the Bi-Agra™ products worldwide with high quality control,
good value
and excellent customer service.
Surajit
Khanna, Founder of BARD states, “The Bi-Agra™ product is a bacteria
based,
plant enhancement product and fits perfectly with our expertise in
algae based
research, manufacturing and distribution of products such as
Astaxanthin, spirulina and
certain bio-fuel strains. The Bi-Agra™ product utilizes a
CO2 based production process
similar to other algae products that we manufacture.”
About Green Mountain
Development Corp
Green Mountain
Development Corp provides project development services for capital
providers
and technology operators and distributes licensed products related
to the
energy, agricultural and environmental sectors.
About C. Trade-BARD,
Inc.
C.
Trade-Bard
manufacturers and distributes algae based products, including
bio-fuels, and has an
extensive scientific research facility
and also manufacturing sites in Pennsylvania, Georgia and
Texas.
About C.
Trade Group
C. Trade Group, Nick
Kontonicolas, President
and Affiliates have interests in energy exploration and logistics,
real estate,
transportation and technology with affiliated offices in New York,
Shanghai,
California, Calgary, Athens, Jinzhou, China and Abu
Dhabi. Mr. Kontonicolas
can be contacted at +1 917
297-5571 or at ctradeusa@juno.com
Investors and
media contact Robert Brehm at 619/488-3744 (bob@greenbizness.com)
or visit the
corporate website www.GreenBizness.com
for news and updates.
The information contained in this
press release
includes forward-looking statements. Forward-looking statements
usually contain
the words "estimate," "anticipate," "believe,"
"expect" or similar expressions that involve risks and
uncertainties.
These risks and uncertainties include the company's
status as a development stage company with uncertain profitability,
need for
significant capital, uncertainty concerning market acceptance of
its products,
competition, limited service and manufacturing facilities,
dependence on technological
developments and protection of its intellectual property. The
company's actual results could differ materially from those
discussed herein.
Green Mountain Developmnet (CE) (USOTC:GMND)
Historical Stock Chart
From Jul 2024 to Aug 2024
Green Mountain Developmnet (CE) (USOTC:GMND)
Historical Stock Chart
From Aug 2023 to Aug 2024