Zero Gravity Solutions’, Wholly-Owned Subsidiary, BAM Agricultural Solutions, Signs Distribution Agreement with CustomQuest, Inc., a Subsidiary of Victory Wholesale Group, to Introduce BAM-FX Blast Off! to the Retail Consumer Market
BOCA RATON, Fla.— (April 27, 2017),– Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications for agriculture on Earth, announced that its wholly-owned subsidiary, BAM Agricultural Solutions, (“BAM”), has signed a distribution agreement (the “Agreement”) with CustomQuest, Inc., (“CustomQuest”), a subsidiary of Victory Wholesale Group, a respected national distributor of grocery and Health and Beauty Care (HBC) products to a diversified segment of retail/consumer markets. CustomQuest is currently serving over 25,000 retail locations and will utilize its infrastructure and resources to commence the rollout of BAM-FX Blast Off!™, a ready-to-use formula of BAM-FX for the retail home and garden market.
“The science of BAM-FX, currently being introduced in domestic and international commercial agricultural markets, in a ready-to-use formula for the retail consumer represents an important milestone in both product and business development,” stated Harvey Kaye, ZGSI’s Chairman of the Board.
“Bringing technological product innovation to the markets we serve is central to our corporate culture and we are proud to be the first to introduce this truly unique product to home and garden nurseries and other retail outlets,” stated Rick Kantor, President of CustomQuest, Inc.
Zero Gravity Solutions Wholly-Owned Subsidiary, BAM Agricultural Solutions, Signs an Exclusive Distribution Agreement for the Republic of the Philippines
Commitment to Purchase Minimum of 50,000 gallons of BAM-FX in Year One, Commencing upon Approval for Commercial Sale
BOCA RATON, Fla.— (April 11, 2017),– Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”) (Pink Sheets: ZGSI), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications for agriculture on Earth, announced that its wholly-owned subsidiary, BAM Agricultural Solutions, (“BAM”), has signed an exclusive distribution agreement (the “Agreement”) with Saraventures Trading Corp. (“SaraVentures”), a subsidiary of the Lina Group of Companies.
Under the terms of the Agreement, SaraVentures will be responsible for importing BAM’s product, BAM-FX®, and will supervise the sales, marketing, legal and administrative tasks necessary to introduce and sell BAM-FX in the Philippines. The Agreement will be effective the date immediately preceding the completion of registration and related studies, which is estimated to take four months. Upon approval, SaraVentures has committed to purchase 50,000 gallons of BAM-FX during the first contract year of the Agreement.
“We are pleased that BAM-FX is being introduced to the multi-billion dollar agricultural market in the Philippines by a subsidiary of the Lina Group of Companies (LGC), one of the country’s largest, most well-respected companies. LGC is known for its adoption of advanced technologies in multiple industries and recognizes the value of the potential increase in the yield and nutrient value of crops produced within the country”, stated Dr. Raveendran Pottathil, ZGSI’s Chief Technology Officer and Director of Asian Business Development for BAM Agricultural Solutions.
“We recognize the importance of contributing to the continued development of our nation’s agricultural industry and the significance of providing quality crops to our country’s population”, stated Samuel Bautista, President of Saraventures Trading Corp.