GREENE CONCEPTS INC. UPDATES SHAREHOLDERS ON NORTH CAROLINA PLANT RENOVATIONS AND START UP

Date : 03/27/2019 @ 2:15PM
Source :InvestorsHub NewsWire
Stock : Greene Concepts, Inc. (PN) (INKW)
Quote : 0.0083  -0.0017 (-17.00%) @ 9:00PM

GREENE CONCEPTS INC. UPDATES SHAREHOLDERS ON NORTH CAROLINA PLANT RENOVATIONS AND START UP

 

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

 

 

 

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