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Tuesday, July 26, 2016 3:52:17 PM
OTC Disclosure & News Service
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Phoenix, July 06, 2016 (GLOBE NEWSWIRE) -- BioNovelus, Inc. (PINKSHEETS: ONOV) is pleased to announce the results of its biodegradable fungicide, CR-10, after six months of Coffee Rust testing in Costa Rica.
CoopeAgri R.L, one of the largest cooperative in Costa Rica, has released the CR-10 performance data. The results show that eco-friendly CR-10 has not only brought the coffee rust to a level of 0% in all the tested coffee plantations, but it has maintained this level without any new application for a period of 120 days. Also, all coffee trees treated with CR-10 show that their foliage has doubled, proving that they regain some of their life force, which doesn’t happen when they are treated with toxic chemicals.
Mr. Jean Ekobo, President/CEO of BioNovelus, Inc., says, "This additional performance of CR-10 shows that unlike its toxic competition, CR-10 doesn’t require any additional byproduct (such as sulfur) to stick to plants. CR-10 also quickly kills coffee rust while protecting plants from being (re)infected.”
These results have open doors to a potential distribution partner in Mexico with one of the leading distributors of “green” agricultural solutions, eco-friendly fungicides and bio-pesticides. This Mexican company, excited about the results with the “roya” fungus, has offered its research and development team to test CR-10 not just on coffee rust, but for other agricultural applications such as soy bean, banana, papaya, pineapple, tomatoes and wheat. Positive test results will be a tremendous asset for BioNovelus in the future.
According to the US Department of Agriculture (USDA) “Mexico is by far the most important supplier of fresh produce to the U.S., accounting for 69% of U.S. fresh vegetable import value and 37% of U.S. fresh fruit import value in 2012, (…) and increasing by an average of 20% per year.
Ahhhhh! The price is going up. Let's watch the market!
The trend is holding....I'll buy at the next consolidation!
Damn! I missed the consolidation. If I wait any longer, I won't be able to profit from the trend. Let's BUY!
Good thing I did not wa
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