ZA Group Inc (ZAAG)

[lucky__stock]

$ZAAG Huge News Out! Econic Crop Solutions receives $500,000 in investments. March 15, 2021 8:31 AM
NAPLES, FL / ACCESSWIRE / March 15, 2021 / Econic Crop Solutions Inc, a Division of ZA Group Inc. (OTC PINK:ZAAG) is pleased to announce that it has received over US$500,000 of equity financing through a private placement. The funds are being used to kickstart the manufacture and deployment of grow pods to service the three contracts previously disclosed. Each pod is leased to the company's joint venture partners at $100,000 per annum and additional revenues are accrued through operating contracts. Revenues are already accruing from the three existing pods. Ten more pods have been completed and are currently being deployed, and the company's manufacturing facility is on the 10 pod per month rollout schedule previously announced. The company projects that by 2021 year end, all manufacturing activity will be self financed and significant profits will accrue to the bottom line. In addition, with each pod having an asset value of $60,000, the company anticipates total asset growth in excess of $5,000,000 during 2021.

The company has recently updated its website to reflect the rapid changes taking place and investors are encouraged to view the latest developments by going to www.theeconicedge.ca.

When asked to comment on the company's success, Wade Eno, CEO of Econic stated, "We were able to raise the necessary funds very quickly because of the wide-ranging support we have from our close business associates and joint venture partners. They understand the potential already being displayed and don't want to miss out on the investment bonanza."

John Morgan, President of ZA Group, stated, "I am very excited to witness the progress being made by Econic and even with my own veteran experience at raising seed financing in public companies like this, I myself was surprised at how quickly the private placement was completed."

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