Zero Gravity Solutions Wholly-Owned Subsidiary, BAM Agricultural Solutions, Finalized Requirements Necessary to Commence Sales & Distribution of BAM-FX™ in Seven States
BOCA RATON, Fla. — (November 5, 2014),– Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”) (Pink Sheets: ZGSI) announced today that its wholly-owned subsidiary, BAM Agricultural Solutions, Inc. (“BASI”), has completed the regulatory requirements necessary to commence the sale and distribution of the Company’s first commercial product, BAM-FX™ in seven states. Originally developed for use by NASA and its manned space programs, this new science has the unique ability to deliver minerals in an ionic form directly into the cells of plants utilizing their biological pathways.
As part of the rollout of BAM-FX in key agricultural markets, initially in North America, Mexico, Chile and select international markets, the Company is now establishing a master dealer and distributor network.
“In order to accelerate utilization of our new BAM-FX technology for the agricultural industry, we are concentrating on those crops for which our data has shown increased yield and economic benefits by using BAM-FX”, stated Glenn Stinebaugh, CEO of BAM Agricultural Solutions, Inc.
The seven states in which the Company has finalized the regulatory requirements to commence sales and distribution of BAM-FX are: Utah, Idaho, Iowa, Maryland, Delaware, Nevada, Arizona; California, Texas and Florida are pending.
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."