Zero Gravity Solutions Establishes Two Operating Subsidiaries as the Company Enters Revenue Generation & BAM-FX™ Commercialization
BOCA RATON, Fla. - (October 9, 2014) - Zero Gravity Solutions, Inc. (ZGSI or the "Company") (Pink Sheets: ZGSI) announced today that it has established two wholly-owned subsidiaries, BAM Agricultural Solutions, Inc. and Zero Gravity Life Sciences, Inc. BAM Agricultural Solutions has commenced manufacturing, sales and revenue generation through the receipt of commercial-quantity orders for the Company's first agricultural product, BAM-FX. Zero Gravity Life Sciences will continue ongoing research and development work in conjunction with NASA and other institutions.
The Company has added to its senior management team in order to effectively manage these companies. Mr. Glenn Stinebaugh, who has been involved in sustainable economic development and agricultural projects worldwide for over 25 years, has been named President and CEO of BAM Agricultural Solutions, Inc. Mr. Stinebaugh has been actively involved in the Company's sales and marketing activities for several months. Mr. Stinebaugh stated, "I have been impressed with the BAM-FX product, its efficacy, place in the market and initial customer response. I plan to implement a robust marketing, distribution and customer support plan and augment the manufacturing infrastructure."
Mr. Richard Godwin will shift from his position as President and CEO of ZGSI, while remaining a director, to become President and CEO of Zero Gravity Life Sciences, Inc. Mr. Harvey Kaye, currently serving as Chairman of the Board of ZGSI, will assume the titles of President and Interim CEO of ZGSI. Mr. Godwin stated, "This repositioning will allow me to fully focus on our NASA relationships, our research and development for BAM-FX and future products for the Company's expanding agricultural IP."
Zero Gravity Solutions, Inc. & the International Institute of Tropical Agriculture Announce Signing of Memorandum of Understanding to Develop Projects Directed at Food Security and Sustainable Agricultural Intensification
BOCA RATON, Fla. & OXFORDSHIRE, United Kingdom — (July 24,2014),– Zero Gravity Solutions, Inc. (ZGSI or “the Company”) (Pink Sheets: ZGSI) and the International Institute of Tropical Agriculture (IITA), a world leading research organization whose mission is to facilitate solutions to overcome hunger and poverty in Africa and the tropics, while preserving the natural resources integrity, jointly announce the signing of a Memorandum of Understanding (MOU) between IITA and ZGSI’s wholly owned, UK-based subsidiary, Zero Gravity Solutions Ltd (ZGSL). The objective of the MOU is to implement specific research projects to increase agricultural production, food security, and sustainable agricultural intensification with a special emphasis on Sub-Saharan Africa.
This research partnership will utilize ZGSI’s proprietary BAM-FX™ technology, an ionic, micronutrient and mineral delivery system for plants, which was originally developed for NASA’s human spaceflight program and is now being applied to agriculture here on Earth. Field trials with end user growers in multiple US States on a variety of crops continue to be undertaken on an ongoing basis. Preliminary results from these trials indicated that BAM-FX has a beneficial effect on crop yield, including more robust rooting, greater biomass, higher chlorophyll reactivity and increased sugar content. BAM-FX is able to systemically deliver minerals such as zinc and copper and other micronutrients into the cells of plants without Genetic Modification.