Guar Global Effects Stock Purchase to Commence Agri-Business Operations Aimed at Oil & Gas Sector
August 06 2013 - 9:00AM
Marketwired
Guar Global Ltd. (OTCQB: GGBL) ("Guar Global" or the "Company") is
pleased to announce the closing of a reverse acquisition on July
31, 2013, pursuant to which Guar Global Ltd., a Nevada corporation,
acquired Ninety Nine 99/100 percent (99.99%) of the capital stock
of Pure Guar India Private Limited, a company organized under the
laws of the Republic of India. The remaining 0.01% ownership in
Pure Guar is held by Guar Innovations Ltd., a Washington
corporation, which is a wholly owned subsidiary of the Company.
From and after the Closing Date, our primary operations consist
of the business and operations of Pure Guar. As such, our business
operates under the laws of the Republic of India to produce guar
gum in the northwestern area of the country for export
internationally, primarily to the oil and gas sector. Guar Global
aims to introduce new technologies and targeted research in order
to increase yields of guar seed and to produce hydroxypropyl guar
gum, an organic gelling agent used extensively in hydraulic
fracturing for both natural gas and oil extraction.
In connection with the acquisition, the Company confirmed the
appointment of Michael C. Shores, as Chief Executive Officer and
Chairman of the Board.
In related news, the Company is pleased to announce that its
corporate website is now live and available for review at:
www.guarglobal.com. The website provides comprehensive sector
particulars, information on the guar plant, also known as
clusterbean, its properties and uses, as well as regional
agricultural practices and potential impact of new technologies,
along with details of prevailing market and economic forces within
the industry.
The Company filed a Current Report on Form 8-K with the SEC on
July 31, 2013 providing information about the Company's post-merger
business, plan of operations, financial condition and management
team. That Current Report on Form 8-K can be found as part of the
Company's continuous public disclosure as a reporting issuer with
the Securities and Exchange Commission ("SEC") available at
www.sec.gov. For more information, visit our website at
www.guarglobal.com.
About Guar Global, Inc. (OTCQB: GGBL) Guar
Global is a research-driven development stage company aiming to
implement new, modern strategies to increase yields of guar crops
as a high quality product for the oil and gas sector. In the last
two years, guar gum demand has tripled worldwide mainly because of
its use in hydraulic fracturing activity, especially in the U.S.
With no viable alternative to guar gum on the horizon, and demand
remaining high, we consider the present guar industry has
significant potential for growth. Guar Global believes it has
identified a noteworthy opportunity to introduce new agricultural
technologies aimed at increasing local farm productivity as an
economic driver for the guar production sector. Find out more at
www.guarglobal.com.
Notice Regarding Forward-Looking
Statements This news release contains "forward-looking
statements" as that term is defined in Section 27(a) of the
Securities Act of 1933, as amended, and Section 21(e) of the
Securities Exchange Act of 1934, as amended. Statements in this
press release that are not purely historical are forward-looking
statements and include any statements regarding beliefs, plans,
expectations or intentions regarding the future. Such
forward-looking statements include, among other things, references
to new technologies, targeted research and increased crop yields,
our business and product development plans, demand for guar gum,
and potential growth of the guar industry. Actual results could
differ from those projected in any forward-looking statements due
to numerous factors. Such factors include, among others, the
inherent uncertainties associated with developing relations in
India, the development of new agricultural technologies, farm
methods and related infrastructural and logistical matters related
to operating as a development stage company, including our ability
to raise the additional funding we will need to continue to pursue
our business and development plans, our ability to develop a
customer base, competition in the industry in which we operate and
market conditions. These forward-looking statements are made as of
the date of this news release, and we assume no obligation to
update the forward-looking statements, or to update the reasons why
actual results could differ from those projected in the
forward-looking statements. Although we believe that any beliefs,
plans, expectations and intentions contained in this press release
are reasonable, there can be no assurance that any such beliefs,
plans, expectations or intentions will prove to be accurate.
Investors should consult all of the information set forth herein
and should also refer to the risk factors disclosure outlined in
the reports and other documents we file with the SEC, available at
www.sec.gov.
On Behalf of the Board,
Michael C. Shores Guar Global Ltd.
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Contact: GGBL Investor Relations Tel: 212-671-1020 x304
investors@guarglobal.com Website: www.guarglobal.com
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