GREENE CONCEPTS INC. UPDATES SHAREHOLDERS ON NORTH CAROLINA PLANT RENOVATIONS AND START UP
March 27 2019 - 10:15AM
InvestorsHub NewsWire
GREENE CONCEPTS INC. UPDATES
SHAREHOLDERS ON NORTH
CAROLINA PLANT RENOVATIONS AND START
UP
Marion, NC -- March 27, 2019 -- InvestorsHub
NewsWire -- Greene Concepts, Inc.
(OTC:
INKW) today updated shareholders on the Company's progress
towards relaunching production at the Company's beverage and
bottling plant in Marion, North Carolina.
In
February of this year, Greene Concepts Inc. acquired 100% of
Mammoth Ventures Inc. which is the holding company that acquired
and owns the
60,000 sq. ft. bottling facility and all equipment previously owned and
operated by
North Cove Springs
Bottling and Beverage Inc. Mammoth Ventures Inc. is a
wholly-owned subsidiary of Greene Concepts Inc.
Upon
acquiring the bottling facility, Mammoth Ventures began the process
of performing required maintenance to revitalize all the equipment
and facility infrastructure in order to relaunch
production at the
plant. At the time
of the acquisition all of the plant equipment was in superb condition though the equipment did require a thorough
inspection and light maintenance to assure proper operation when
the bottling lines are relaunched. The Company hired a 30+ year veteran
of the beverage and bottling industry as plant manager to
oversee operations as
well as the
revitalization and relaunch of the facility.
The Food
and Drug Administration requires adherence to current good
manufacturing practice (CGMP) regulations for the processing and
bottling of bottled drinking water, which includes facility inspection
and documentation of corrective measures and reporting
requirements, as
well as new requirements for hazard assessments and food safety
(HACCP) plans mandated by the Food Safety and Modernization Act
(FSMA). Final
preparations for inspection are underway, including
building and facility maintenance such
as pressure washing, painting, general
cleaning, and minor building
repairs.
In
addition to complete cleaning and maintenance of the 60,000 sq. ft.
facility, standard operating policies and procedures must be
documented in accordance with federal legislation. This includes
conducting and reporting
of microbial testing of source water and any finished product,
which must be completed prior to initiating filling and
packaging of bottles for shipment from the Company's production
lines.
"We are
100% committed to the safety of our products and welfare of our
customers," said Karen Howard, CEO of Greene Concepts Inc.
"Adhering to the FDA's food safety standards is our number one
priority at the moment. We anticipate scheduling of regulatory
inspection is in the next 45-60 days."
In
concert with the coordination of the final preparations for
inspection and the launching of production, the Company is
presently working with a number of distributors and retailers to
presale orders for production once the plant is fully operational.
The progress being made at the plant has been going extremely well
and schedules of maintenance, repairs and facility preparations
have consistently been on or ahead of schedule.
About Greene Concepts, Inc. and Mammoth
Ventures Inc.
Greene
Concepts, Inc. (http://www.greeneconcepts.com) is a publicly traded company and
thru its newly
acquired wholly-owned subsidiary Mammoth Ventures Inc. has entered
into the specialty beverage and bottling
business.
Safe
Harbor: This Press Release contains forward-looking statements
within the meaning of Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements are based on the current plans and
expectations of management and are subject to a number of
uncertainties and risks that could significantly affect the
company's current plans and expectations, as well as future results
of operations and financial condition. A more extensive listing of
risks and factors that may affect the company's business prospects
and cause actual results to differ materially from those described
in the forward-looking statements can be found in the reports and
other documents filed by the company with the Securities and
Exchange Commission and OTC Markets, Inc. OTC Disclosure and News
Service. The company undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
CONTACT:
Greene Concepts, Inc.
Investor Relations
info@mammothventuresinc.com
Greene Concepts (PK) (USOTC:INKW)
Historical Stock Chart
From Aug 2024 to Sep 2024
Greene Concepts (PK) (USOTC:INKW)
Historical Stock Chart
From Sep 2023 to Sep 2024