Wednesday, March 19, 2008 10:46:00 AM
http://www.botanicoasis.com/
Sarissa Resources, Inc. Purchases Five Percent of Botanic Oasis, Inc.
http://www.primenewswire.com/newsroom/news.html?d=114332
BAY CITY, Mich., Feb. 26, 2007 (PRIME NEWSWIRE) -- Sarissa Resources, Inc., formerly Michigan Gold Mining Investments, Inc. (Pink Sheets:MGGV), is pleased to announce that the Company has purchased five percent of Botanic Oasis, Inc. for $40,000 and 5 million shares. Botanic Oasis distributes Botanic Pax, a biodegradable product used to increase crop yield, decrease drought losses, and reduce labor and mechanical costs in agriculture.
Botanic Pax is a super-absorbent, hemp mesh sac that resembles a tea bag. Combined with fertilizers, fungicides or plant growth hormones, the bag acts as a reservoir and releases water on demand while making fertilizers more soluble. Botanic Oasis, Inc. supplies the Tea Bags to golf courses, forestry , gardens, greenhouses, nursery industries and municipalities.
"The goal of this cooperative is to develop a network of distributors in key locations and industries to exploit local sales channels. This is a product we see as a substantial part of the future in agriculture considering its effectiveness and its cost-saving potential. I believe this investment is a ground floor opportunity in a fast growing new segment of the agricultural resource industry," stated Ben Fuschino, CEO of Sarissa Resources, Inc.
Botanic Oasis, Inc. was founded in October 2005 with sales currently in ten countries forecasted at $600,000 in 2007 and $2.5 million in 2008. The suggested distributor mark up for Botanic Pax is 100% with a low manufacturing cost of approximately 6-8 cents per unit. The product is currently being used or tested in ten countries and undergoing carbon credit certification and registration with the United Nations.
Last Shot Hydration Drink Announced as Official Sponsor of Red River Athletic Conference • EQLB • Jun 20, 2024 2:38 PM
ATWEC Announces Major Acquisition and Lays Out Strategic Growth Plans • ATWT • Jun 20, 2024 7:09 AM
North Bay Resources Announces Composite Assays of 0.53 and 0.44 Troy Ounces per Ton Gold in Trenches B + C at Fran Gold, British Columbia • NBRI • Jun 18, 2024 9:18 AM
VAYK Assembling New Management Team for $64 Billion Domestic Market • VAYK • Jun 18, 2024 9:00 AM
Fifty 1 Labs, Inc Announces Acquisition of Drago Knives, LLC • CAFI • Jun 18, 2024 8:45 AM
Hydromer Announces Attainment of ISO 13485 Certification • HYDI • Jun 17, 2024 9:22 AM