WEST CHESTER, PA--(Marketwired - Aug 10, 2015) - International Sustainability Group, Inc. (OTC PINK: ISGP) and their affiliate Lotus Holdings, LLP announced that the Company has officially entered into a joint venture agreement with James Young, the Mayor of the City of Philadelphia, Mississippi, to produce algae in a brand new 240,000 square foot facility provided at no cost to ISGP. As mentioned in an earlier press release, the new algae production facility will be located in Philadelphia, Mississippi and will be utilized to produce enough algae to fill various purchase orders for ISGP's patented nutraceutical product, "Algae Up®." The final terms of the agreement are set to be finalized this week and include such positive benefits as: grant money from the State of Mississippi, tax exemptions, and employee wage subsidies.
Thomas J. Beener, newly appointed CEO of ISGP, said, "It's not every day that you go into business with a branch of government, and we cannot be happier about this partnership with Mayor Young and the City of Philadelphia, Mississippi. Furthermore, this deal could not have come to fruition without all of the hard work of Surajit Khanna and all the other employees of ISGP." "The City of Philadelphia, Mississippi is pleased to be partnering with International Sustainability Group, Inc. on this historic venture. Not only will ISGP's new algae production facility be of great benefit to the city and the citizens, but it will also put the State of Mississippi on the map in the world of commercial algae production," says Philadelphia's Mayor James Young.
This partnership should prove to be very mutually beneficial for both the community, ISGP, and its affiliates as it is expected to stimulate the local economy and job market. David Vowell, the Director of Industrial Development of Neshoba County, had the following to say about ISGP. "This monumental partnership between our community and ISGP will do great things for our area's workforce by creating 60 or more new jobs before the end of 2015!" The major goal of this partnership with ISGP is job creation for the residents of the area.
On Tuesday, August 11, 2015, Thomas J. Beener and Surajit Khanna will appear on the "Money Info" Radio Show from 10:30 a.m. - 10:50 a.m. EDT to discuss not only the current operations of the company, but also to provide a question and answer forum for anyone wishing to call in with a question. The show is broadcast live on the internet and on the air from the studios of Radio Station WPSL AM 1590, Port St. Lucie, Florida -- The Talk of the Treasure Coast. The radio show can also be found at the following web address, http://www.princetonresearch.com/money-info-live.htm. In addition, ISGP urges shareholders and the general public to visit their website, www.isgpglobal.com, for more information on ISGP and all of their various nutraceutical products and algae processes. ISGP's main focus at this point is on organic revenue growth while building long term value for the Company and the shareholders!