Monday, September 15, 2014 11:07:32 AM
Sep 15, 2014
OTC Disclosure & News Service
http://www.otcmarkets.com/stock/CGRA/news/CGrowth-Capital--Inc--Updates-Shareholders-on-Successful-Business-Development-Trip?id=87847&b=y
CGrowth Capital, Inc. Updates Shareholders on Successful Business Development Trip
SILVERDALE, WA--(Marketwired - Sep 15, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (the "Company") is pleased to announce that its CEO has recently returned from a successful trip to New York City to meet with funding groups and to discuss dolomite contracts with companies in the agricultural market. The reason for the trip was done with the express purpose of closing relationships established with high net worth investors and for introductions to larger funding groups. As part of the meeting process, the Company was also introduced to parties interested in the dolomite reserves that the Company acquired earlier this year.
"We have worked very hard over the summer to execute on several initiatives and this recent trip is the culmination of those efforts," stated Bill Wright, CEO of CGrowth Capital, Inc. "After closing on several oil and gas assets, and our prized dolomite reserve earlier in the spring, there was a mountain of work to put those assets into motion and begin presenting to individuals and funds with an interest in those spaces. All of that work is now starting to bear fruit."
Mr. Wright continued, "One of the strategies with our dolomite reserve has been to explore large block asset sales and joint ventures with companies in the agricultural space -- which includes companies exploring entry and/or expansion into the emerging cannabis market. We have engaged in discussions with four such groups over the past few months and believe it is just a matter of time before we strike the right deal. In the meantime, we continue to process and sell to currently established agricultural groups and will look to expand that operation and market as we close on funding."
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
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