ProGreen US Inc. (fka PGUS)

[MoneyForNuthin]

Summary / highlights from Jan's latest interview with Uptick. I just finished listening for the 3rd time, and I took notes to highlight... great to hear Jan talk about both the agriculture side AND the oceanfront development!

https://upticknewswire.com/jan-telander-ceo-of-progreen-us-new-baja-project-already-proving-profitable/

"...we have always been a fully reporting company and... we do have an aim... to uplist to Nasdaq... bigger board... we do believe we have a very bright future going down the line here."

"I've been living 38 years in Spain and I obviously speak the language fluently and understand the laws and other things in Mexico, which are all based on Spanish laws. So, starting looking into Baja and working down there is a little bit like coming home to me."

"South of the border here in Baja, where I'm calling from now actually, I'm here right this week... we have gone into a joint venture with a local land owner called Inmobiliaria Contel, which is part of a family that have huge land holdings here, which they really were... neither equipped or had the knowledge or... the foresight to be able to monetize anything what they actually owned here."

"Agriculture... is a very lucrative business. Most of the produce that you buy in the supermarkets in the states, it comes from Mexico. The demand is much, much bigger than the supply here. With the right land and... access to water - because that's really the critical point here, in Baja there is land everywhere, but there is not water everywhere."

"First contract... growing red chile peppers for a US importer... is a very, very profitable business, our first order is worth about a million and a quarter... we have very high margins of 55-60%... and turning around the money very quickly. We also have a much, much larger piece of land... we are going to expand the production... as we have more demand from this buyer for the chile peppers, but we also have several other buyers for other type of produce. I mean... I personally have not very much to do with this, this is Contel, but I'm here right now to discuss with other people that are interested in producing other things going forward... it is a very exciting thing even though like you say, my background is certainly not farming. But, like anything else if you get good at it, it is a good business as I said. You've got to be able to control it and to be able do it properly, and I think we have the very, very enourmous opportunities here because we have access to so much land (that is) under such good conditions. I'm looking forward to this being a very big part of ProGreen going forward, because it will be creating good cash flow for the company... it's a recurring revenue for the company for years to come."

"Real estate... we have set up a subsidiary, called Procon JV, where ProGreen has the majority interest so that we can literally roll up assets that we acquire here onto our balance sheet in the US."

"This is obviously something that I am MORE familiar with as you understand from my background before in Spain, having been a property developer there. Here we have managed to obtain - this we have bought, in the name of our subsidiary, Procon JV - a huge tract of land, actually oceanfront land, it's about 5,100 acres with a 4.7 mile oceanfront, so it's a absolutely huge tract of land. We are planning to develop this into a community that's going to be very, very unique. Because of the size of this, we are able to attract very large... participants, if you like... there are several developers and investors that we are already in contact with that have showed interest to come in with us here. And when I say "come in with us"... we are developing now a master plan for this which will contain 3 golf courses, hotels - we plan initially up to 3000 rooms - marina, over 7000 individual lots, 3000 condominiums, sports centers, equestrian centers... you name it, it will be here because it will be a huge community that will cater for people that really want to come down and get a place here in Baja, whether they're going to retire here or have a vacation home... because this area here that we're talking about, it has the most incredible climate, where you have sun most of the days all year-round and you have between 60 and 80 degrees almost every day of the whole year, so it never gets very hot and never gets very cold, an ideal environment for outdoor living."

"So with this development, we are able to start with something that... it's every developer's dream - when I did things in Spain you were always restricted of certain things, the first thing being in size, normally, but the second thing would be many, many other restrictions because there were other buildings or developments arund there. Here, we're starting literally from scratch and creating a new community, near this little town of El Rosario, and we can literally do everything exactly like we want to do it WITHOUT those restrictions."

"This will also be a totally green community, we will not be hooked up to the grid, we will produce all the electric power from our solar roofs that we are putting on the buildings... and this is now possible because the cost of solar has gone down so much, and it will eliminate the total cost for us to put the infrastructure in with the electric wires in the ground everywhere which would be literally thousands of miles otherwise. So it becomes economically very viable."

"We are doing the master plan now, and we are going to... start marketing the individual lots here and... we will be inviting other investors to come in and take projects - WITHIN the property, so to speak - individual condo developments and... maybe golf course and hotels... we will not be doing this by ourselves, so... this will come in from other people."

"It's a very exciting development, and I can tell you that... I've been around for quite a while as you understand, as I've lived in Spain for 38 years and been a property developer there - but I've never been involved in anything so exciting as what this is to me. It is incredible."

"It will be a gated community, we are going to have our own security system... we are going to market this not just in the US and Canada, but also areas which I'm very familiar to, which is in Europe - several countries in Europe - because we want to create an international community here."