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ProGreen Invited to Live Stream Online Conference Call
BLOOMFIELD HILLS, MI--(Marketwired - Feb 21, 2017) - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, a U.S. company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Today, the company is pleased to announce that it has been invited to the first ever conference call hosted by Investors Hangout LLC (Hangout). The call will be held on Thursday, February 23 at 4:15 PM (EST), and will be facilitated by David Minnick and Joseph Mahan of Hangout. ProGreen's President and CEO, Jan Telander, will present a summary of the company and its present activities in Baja, before taking questions.
The conference call will be moderated in the AMA (ask me anything) format. The public is invited to listen in, at http://investorshangout.com/live. Sign-in is not required; however, to post a question to the CEO, registration will be necessary, but is free and done on the same page.
"Investors Hangout is one of the most active stock forums in the World. So when it comes to transparency, having a CEO do an 'Ask Me Anything' truly says a lot about a company's willingness to communicate with the public," says Joe Mahan.
"We are pleased that Investors Hangout has chosen ProGreen to host their first Live Stream Online Conference Call. This gives us a great opportunity to explain to the public, how the company has now turned the corner with our first major produce contract for the agriculture operations, as well as with our acquisition of the oceanfront land and taking the first steps in creating a strategic team to manage our development, Cielo Mar," says Jan Telander, CEO & President.
Website: www.ProGreenUS.com
Follow us on social media:
https://twitter.com/ProGreenUS
https://progreenus.wordpress.com/
About Investors Hangout
Investors Hangout is now beginning to hold LIVE AMA Conference Calls with CEO's of publicly traded companies. They are doing this to allow investors or potential investors an opportunity to ask questions regarding the company on their unique Live Streaming platform, hosted by founders, David Minnick and Joe Mahan. Investors Hangout receives no financial or other compensation, and they are not paid to promote or talk about any company during their Live Streams.
About ProGreen US, Inc.
PROGREEN US, INC., www.ProGreenUS.com, based in Bloomfield, Michigan, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the U.S. market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,100 acres of land with 4.7 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called "Cielo Mar".
Independent Stock Message Forum:
http://investorshangout.com/ProGreen-US-PGUS-65470/
This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
Contact:
Jan Telander
President and CEO
jan@progreenus.com
Yes, sewer I would have to agree with you, Jan is the man!! Be glad your seatbelt comes with double shoulder straps lol PGUS
Wow!! That's HUGE!! Good to see Jan moving this along at a fast pace. Before you know it people will be buying the lots in BAJA! PGUS
Good morning PGUS, time to break through .02 and start tracking our way up from here.
Jan is moving the company right along with out any doubt wont be long now till we breakout to our true potential.
PGUS
Seems that way...
MM playing games but hey ill take some 10 ticks lower
Time to start buying up the ask...
Great to have longs on board that are interested in learning more about the operation...
PGUS
Also this one was good read as well.
Baja Agriculture Update
Our JV partner Inmobiliaria Contel (Contel) has over the past several months conducted due diligence on verticals in the produce farming supply chain in Baja California.
Contel has now established a channel to the US market that allows them to grow fresh produce directly for US importers. Leasing land for agricultural use can be very lucrative, but growing produce on the land offers significantly higher returns. We did not expect Contel to gain access to this point of operations so soon; however, this opportunity has been presented by 2 buyers with immediate demand.
As a producer, Contel will be able to grow more than one cycle per year, depending on produce.
Example: Onions in Baja average 20-25 tons per acre with a 3-4 months cycle and $150-$200 per ton, or $3,000-$5,000 per acre/cycle. Garlic, in contrast, is a lighter type of produce containing less water with a longer growing cycle of about 6 months, fetching a much higher price per ton; a typical yield of 8 tons per acre gives a value of $500-$1,000 per ton, or $4,000-$8,000 per acre/cycle.
The example above should be compared to previous leasing estimates of $800-$1,200 per acre for a whole year.
Contel is preparing operations for January seeding on the farmable 150-acre portion of the first tract of land, and the first harvest is expected for May/June 2017. Initially, a generator will provide the power needed for direct irrigation. Solar power will later replace the generator, and drip irrigation will be connected to a gravity reservoir, making the farm totally “green.” This first tract of land will serve as a showcase property.
ProGreen will provide the financing as stated in our JV agreement with Contel from February 16, 2016, stating that profits will be shared equally between the parties after ProGreen first recovering its investment.
Contel controls an abundance of land with the options to increase the growing operation, leasing land, partnering with other growers, etc.
This development is a great step forward, creating new and varied opportunities to accelerate growth.
Statistics from the U.S. Department of Agriculture show that Mexico by far is the most important supplier of fresh produce, accounting for 69% of U.S. fresh vegetable imports. U.S. imports of Mexican fresh vegetables amounted to $4.05 billion in 2012, as compared to 4.8 billion in 2015, an increase of approximately 6% per year.
Hers a great part from the blog on Progreenus.com
Summary of Business Activities in Baja
The company has recently committed to a shift in direction of its focus. ProGreen will now be concentrating its resources exclusively on Baja California projects. At this time, we do not anticipate investing further in Michigan, because the opportunities in Baja are so much more compelling.
Over the past year ProGreen has developed a strong position in Baja California with significant contract assets through our strategic business arrangements. These include our JV agreements with Contel Inmobiliaria and with our anticipated real estate projects through our subsidiary, Procon Baja JV. The aim is to leverage our position in the direction of larger scale and longer term real estate development projects at the same time that we are beginning to monetize farmable land.
Here we summarize the status of our activities in Baja California.
LAND FOR AGRICULTURAL USE
We currently have approximately 14,000 acres under our control through joint venture agreements, of which we estimate up to 4,500-5,000 acres may be farmable, as follows:
300 Acres – first tract, 150 acres cleared and farmable with wells drilled, a proven abundance of water; Contel has commenced operations to begin growing produce for U.S. importers
1,900 Acres – second tract, of which we estimate 500-800 acres could be farmable; 11-mile access road has been completed
12,000 Acres – 3 year option to acquire this additional land, of which up to 4,000 acres could be farmable
We are also working to acquire 1,500 acres adjacent to the first 300 acre tract, though this may take some considerable time, due to higher complexity involved with obtaining the title of this land
Some of the non-farmable land, could potentially be used for commercial and residential real estate in direct support of the farming operations and/or for the local economy and industry that could develop over time as a result of these operations.
REAL ESTATE DEVELOPMENT PROJECTS
We are in advanced discussions for the potential acquisition of about 4,500 acres of oceanfront land; the intention is to develop a master plan and bring investors and developers into individual real estate projects, as described in our December 16 blog message:
Information About the Potential Oceanfront Land Development in Baja
Opportunities identified for potential real estate investment projects in Ensenada; continuing further research
Check back for further business updates at http://www.ProGreenUS.com, and get alerts regarding updates by following ProGreen on Twitter @ProGreenUS.
Glad you brought that I agree I think it will be greta to see what else they can do with the non farmable land....
Land we have roughly 4850 acres for 40 ha is 100 acres of produve
4850/100=48.5
48.5 times 1.2 million per growth cycle that's 58 million in revenue
So lets say 1.5 growth cycles per year on the land on average and check out that number thats
87 million dollars
That's only on 40 ha for the first grow cycle of red peppers.
1 Million
Plus the other 1\3 of that trac
But there is opportunity for more than 1 grow cycle per year lets say this is on the land end of march and harvest starts July first and lasts thru August they could have more plants in the green house ready to go when these come off the ground.
So on an average there could be 2 to 3 growing cycles per year depending on produce type and time planted.
BAYP Over 2.5 Billion on the Bid MJ Sector
Honestly I don't have a clue what more one could ask for in an investment... This is gonna be huge.
There is so much DD out there and allenc has kept updating it to the Ibox, what more could you ask for in a long term investment?
Maybe
A CEO that buys shares in the open market?
Got that
Big Headlines for news
Got That
http://www.newmediawire.com/news/progreen-s-subsidiary-procon-acquires-5-100-acres-of-ocean-front-land-in-baja-4495168
http://www.newmediawire.com/news/contel-signs-million-dollar-produce-agreement-4462364
A CEO that Loans Company money from his own pocket
Got That
http://www.newmediawire.com/news/progreen-gets-further-funding-from-the-ceo-4247819
A Company that want to show best interest for shareholders
Got That
http://www.newmediawire.com/news/progreen-reduces-authorized-shares-of-common-stock-4315129
http://www.newmediawire.com/news/progreen-uplists-to-otcqb-3949855
A Company with huge growth potential
Got That
The Creation of Cielo Mar
5100 Acre Ocean Front Development Huge
More Agriculture Land Huge
Per Harvest is key likely to have at least 2 maybe even 3 a year which could potentially mean 25 million to 75 million a year in revenues before anything about the oceanfront development...
Undervalued is an Understatement
PGUS
I think this time we breakout to blue skys
To much in the pipe line...
PGUS
PGUS looking to break out
AS-950m
OS-349m
Float- 224m
CEO buying on open market
1) CEO owns 22M common shares of stock and still buying on the open market shrinking the 224M tradable float in the process.
2) CEO has loaned the company $250K of his own personal funds to inject immediate capital needed to get agricultural operations moving.
3) Recently obtained and maintaining OTCQB status with audited fins and a fully reporting company.
4) CEO has goals of reaching Nasdaq status in the future
5)PGUS has access to a $5M line Equity line financing when and if needed. Per CEO "The company has no intention to draw on the Equity Line at levels anywhere near the present share price"
6)ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The first cut expected the end of June
( Income from produce sales expected for many years )
7)On January 23, 2017, ProGreen US, Inc.’s subsidiary in Baja California, Mexico, Procon Baja JV (Procon), entered into a definitive purchase agreement for, and has taken possession of, a large tract of land situated near the town of El Rosario in Baja California. The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
Potentially, we could see this development with:
Commercial Areas for Shopping, Restaurants etc.
Golf Courses
Hotels
Equestrian Center
Marina
Condominiums
A lots, Luxury Prime Oceanfront
B lots
C lots
Sports and Recreation Center
Beach Hotel with Beach Club
PGUS
PGUS looking to break .02
AS- 950M
OS- 349M
FLOAT-224
CEO buying on open market
1) CEO owns 22M common shares of stock and still buying on the open market shrinking the 224M tradable float in the process.
2) CEO has loaned the company $250K of his own personal funds to inject immediate capital needed to get agricultural operations moving.
3) Recently obtained and maintaining OTCQB status with audited fins and a fully reporting company.
4) CEO has goals of reaching Nasdaq status in the future
5)PGUS has access to a $5M line Equity line financing when and if needed. Per CEO "The company has no intention to draw on the Equity Line at levels anywhere near the present share price"
6)ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The first cut expected the end of June
( Income from produce sales expected for many years )
7)On January 23, 2017, ProGreen US, Inc.’s subsidiary in Baja California, Mexico, Procon Baja JV (Procon), entered into a definitive purchase agreement for, and has taken possession of, a large tract of land situated near the town of El Rosario in Baja California. The land, planned for residential real estate development, is bordering the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
Potentially, we could see this development with:
Commercial Areas for Shopping, Restaurants etc.
Golf Courses
Hotels
Equestrian Center
Marina
Condominiums
A lots, Luxury Prime Oceanfront
B lots
C lots
Sports and Recreation Center
Beach Hotel with Beach Club
PGUS
That's for certain Jan doing everything you could ask a CEO to do for shareholders great long term investment
PGUS
And still some will be left behind because they thought they had more time to manipulate and load cheap shares...
For some it will happen to fast and they will have to chase only time will tell
They are moving along fast I like the fact they have already named the development as well
These are Two very solid updates this week so far, I don't even think people realize how fast this is progressing, some are just sitting back digesting the news. PGUS
Great update they are already putting the management team together. This is gonna progress a lot fast then most expected. PGUS
Looking forward to another great day/week here. With all the good things flowing behind the scenes PGUS is clearly undervalued at these levels, soon we will leave copper and move to silver...
PGUS
GM PGUS.. Nice to see a update on the growing still looks like everything is on schedule.. looking forward to the OCEANFRONT UPDATE as well tomorrow.
Wow... the train is leaving the station couldn't ask for a better day HIGH OF DAY FLAT TOP CANDLE. 20sma broke through 100sma 50sma kissing 100sma DOUBLE GOLDEN CROSS NEXT WEEK!!! PGUS
There is lots of good information in the IBOX and some solid DD in the stickys.. CEO is buying up the float latest FORM 4 today now owns over 22 million shares bought on the open market. PGUS
ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja
BLOOMFIELD TOWNSHIP, MI - (NewMediaWire) - February 02, 2017 - ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, is pleased to announce that ProGreen's subsidiary, Procon Baja JV (Procon), has entered into a definitive purchase agreement for an ocean front tract of land situated near the town of El Rosario in Baja California. The land gently slopes towards the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
The land area is 233 ha (580 acres) larger than what was initially communicated on the company's website on December 21, 2016, as the land has been extended with a further 1.1 km (0.7 miles) oceanfront that initially was not included.
The architects will start working on a master plan, as soon as the land survey, currently in progress, has been completed, and an up to date plan of the land has been drawn.
We are presently in the process of building the management team for this development. Details on the members of this team will be published during the month of February. We will also initiate discussions with development partners once the initial development plans have been completed.
During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
"This real estate project will transform the future of ProGreen's involvement in Baja California. Having been a property developer for most of my life, I want to express that this development is the most exciting project that I have ever been involved with," said Jan Telander, President and CEO.
PROGREEN US, INC., www.ProGreenUS.com, based in Bloomfield, Michigan, has been engaged in the business of acquiring, refurbishing and upgrading residential real estate into modern affordable homes, offered for sale with Land Contracts to buyers still unable to obtain conventional credit. At this time the company is not acquiring further properties, but is instead focusing on intensifying its property investments in Baja California, Mexico, both through its joint venture partnership with Contel as well as through its subsidiary Procon Baja JV.
This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
Contel Signs Million Dollar Produce Agreement
BLOOMFIELD TOWNSHIP, MI - (NewMediaWire) - January 23, 2017 - ProGreen US, Inc (PROGREEN), (OTCQB: PGUS), www.ProGreenUS.com, Twitter @ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The JV agreement provides for 50/50 split of profits between PROGREEN and CONTEL. However, PROGREEN will first recover all of its investment in the operation prior to profits being distributed.
The produce will be harvested in 2-3 cuts, with the first expected for late June, and delivery will be to the buyer's packing plant in Ensenada, B.C.
CONTEL has intentionally chosen to limit this agreement to 40 ha giving the option to diversify production. The buyer has however announced serious interest in increasing the scope of future agreements for production of chilies to 100 ha (250 acres), to be able to meet demand.
"This is a big first step for CONTEL and PROGREEN under the JV partnership, as it solidifies an agreement with a major player as a first buyer. It also shows, in real terms, the enormous financial advantage, growing produce has to leasing the land, which would have resulted in an income of some $120,000/year for the whole land," says Jan Telander, President and CEO.
PROGREEN US, INC., www.ProGreenUS.com, based in Bloomfield, Michigan, has been engaged in the business of acquiring, refurbishing and upgrading residential real estate into modern affordable homes, offered for sale with Land Contracts to buyers still unable to obtain conventional credit. At this time the company is not acquiring further properties, but is instead focusing on intensifying its property investments in Baja California, Mexico, both through its joint venture partnership with Contel as well as through its subsidiary Procon Baja JV.
This press release might contain information, which may constitute 'forward-looking statements' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
Another nice form 4 CEO buying up float looking for 02 break
PGUS CEO BUYS ANOTHER 1 MILLION SHARES FORM 4 OUT TODAY 2-9-17
NOW OWNS OVER 22 MILLION
http://archive.fast-edgar.com//20170210/AB22522CL222T292222A2CX24NSD2222E292/
Looking forward to another great day followed by bigger things to come....
PGUS
PGUS LOOKING FOR THE .02 CENT BREAK!! FEB 2017
Interview with ProGreen CEO Jan Telander (Uptick Newswire Podcast)
http://upticknewswire.com/jan-telander-ceo-of-progreen-us-new-baja-project-already-proving-profitable/
Fact: Ceo purchased over 1 million shares last week
Fact: Ceo owns over 20 million shares bought on the open market
Fact: Company acquires 5100 acres of Oceanfront property
Fact: JV partner sign million dollar contract
Fact: Ceo loans company 250 thousand dollars out of his own pocket
THE FACTS ARE ASTONISHING AND WE ARE JUST GETTING STARTED!!
PGUS
4.7 Miles of ocean front and million dollar contracts to start with no wonder Jan is soaking up the float...
ProGreen's Subsidiary Procon Acquires 5,100 Acres of Ocean Front Land in Baja
ProGreenUS is pleased to announce that our subsidiary, Procon Baja JV (Procon), has entered into a definitive purchase agreement for an ocean front tract of land situated near the town of El Rosario in Baja California. The land gently slopes towards the Pacific Ocean and covers a total area of 2,056 ha (5,100 acres) with 7,5 km (4.7 miles) of ocean front.
The land area is 233 ha (580 acres) larger than what was initially communicated on the company's website on December 21, 2016, as the land has been extended with a further 1.1 km (0.7 miles) oceanfront that initially was not included.
The architects will start working on a master plan, as soon as the land survey, currently in progress, has been completed, and an up to date plan of the land has been drawn.
We are presently in the process of building the management team for this development. Details on the members of this team will be published during the month of February. We will also initiate discussions with development partners once the initial development plans have been completed.
During February, we will also be launching a development website, where the public will be able to follow the progress of this planned community, from the very start.
"This real estate project will transform the future of ProGreen's involvement in Baja California. Having been a property developer for most of my life, I want to express that this development is the most exciting project that I have ever been involved with," said Jan Telander, President and CEO.
Contel Signs Million Dollar Produce Agreement
ProGreenUS, is pleased to announce that the company's JV partner in Baja California, Mexico, Inmobiliaria Contel (CONTEL), signed an agreement with a major exporter of produce to the US. CONTEL will be growing red chilies on a 40 ha (100 acres) portion of the of the farmable 60 ha (150 acres) of the first tract of land under the JV with PROGREEN that was reported on previously. The buyer has committed $48,000 as up-front payment to secure the agreement.
The farming under this agreement, which is priced in US dollars, is estimated to yield 3,000-3,600 tons of produce with a value of $1.1 - 1.3 million and an estimated net margin of 55-60%. The JV agreement provides for 50/50 split of profits between PROGREEN and CONTEL. However, PROGREEN will first recover all of its investment in the operation prior to profits being distributed.
The produce will be harvested in 2-3 cuts, with the first expected for late June, and delivery will be to the buyer's packing plant in Ensenada, B.C.
CONTEL has intentionally chosen to limit this agreement to 40 ha giving the option to diversify production. The buyer has however announced serious interest in increasing the scope of future agreements for production of chilies to 100 ha (250 acres), to be able to meet demand.
"This is a big first step for CONTEL and PROGREEN under the JV partnership, as it solidifies an agreement with a major player as a first buyer. It also shows, in real terms, the enormous financial advantage, growing produce has to leasing the land, which would have resulted in an income of some $120,000/year for the whole land," says Jan Telander, President and CEO.
PGUS
Bayp?
.0001 bid 2.3 billion
.0002 ask 316 million