Kraig Biocraft Laboratories Inc (KBLB)

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ANN ARBOR, Mich., – July 24 – Kraig Biocraft Laboratories, Inc. (OTCQB: KBLB) (“Company”), the leading developer of spider silk based fibers, announced today that it has identified and selected the location for its operational headquarters in Vietnam. Located in the heart of Quang Nam province, this area provides a vast supply of skilled workers, close proximity to mulberry fields, and easy access to international air and sea ports. This location was selected based on a series of productive and successful meetings between representatives of Kraig Labs, provincial leaders, and local silk experts. The Company plans for this facility to be used for the first shipment of the Company’s transgenic silkworm technology into Vietnam.
“Identifying our corporate headquarters was an essential part of our application to import our silkworm into Vietnam,” Said COO Jon Rice. “With this location finalized we are now preparing the final importation documents for submission in order to obtain approvals to begin work with our hybrid silk technology in Vietnam.”
In addition to progress made in securing a new Vietnamese headquarters the Company has also been working with local experts to prepare a master plan for the 50 hectares dedicated to this project. The Company expects to review those plans in the coming weeks.