Duro & APC Export, Inc. to launch an LLC Listed: OTCBB Trading Symbol: DEPI
LANGLEY, BC, Apr 16, 2002 /PRNewswire-FirstCall via COMTEX/ -- DURO ENZYME PRODUCTS INC. (the "Company") (OTCBB:DEPI) is pleased to announce that its subsidiary, Duro Enzyme Solutions Inc. ("DESI"), has signed a Definitive Agreement with APC Export, Inc. ("APC"), an Anchorage, Alaska-based company, to launch a new Limited Liability Corporation, to be owned 50% by DESI and 50% by APC.
Duro's investment in the new company is limited to the cost to transport one barge of bulk, pure Alaskan humus supplied by APC in Alaska, to a US west coast port, and subsequent marketing and sale of this initial load. APC has agreed to commit the ownership of all rights to all APC assets to the new company, including all research and development, studies and analysis, contracts, agreements, licenses, letters of intent, letters of understanding, marketing rights and more. The proceeds from the first barge are anticipated to be more than sufficient to launch the business plan of the new company, and finance the regular transportation of bulk, pure Alaskan humus for marketing and sale to markets that reach $70-billion worldwide. APC is currently finalizing a Letter of Intent with Newman's Own(R) to co-pack 16 lawn and garden products under their brand name.
Alaskan humus-based products provide an affordable organic solution to the global soil depletion problem, with the ability to convert currently unproductive soils into rich crop producing soils. In plant growth evaluations of APC product completed by AgriEnergy Resources of Princeton, IL, it was found that, "All seeds germinated within 2 -4 days with 100% germination. The plants showed enhanced vigor and growth that is only seen in very excellent high quality compost." The evaluation went on to say that "In comparing this soil to the hundreds of samples that come through this laboratory for plant compatibility evaluation, the soil that this (APC) sample represents is of excellent quality for plant propagation purposes."
A client who is working with APC on Alaska Giant retail products, holds 35 national and world records for giant vegetables and high yield vegetables. Some of his records are a 49 pound celery, 71 pound chard, 6 pound onion, 19 pound carrot, 39 pound kohlrabi, 42 pound beet and a 30 pound broccoli. The client's champion potato plants yield up to 50 pounds each.
Studies conducted by Soil Foodweb Inc. ("SFI") confirm, "When APC is used to make a water-extract, the resultant compost tea combined with the soil product applied as a mulch has suppressed and prevented disease completely." SFI additionally noted that severe root-rot disease problems were significantly reduced through the application of APC product. This same study stated that, "APC material can replace the use of sphagnum moss, sterile potting soil, Vermiculite, Perlite and coconut fibers." In another study completed by BBC Laboratories, Inc. in July 2001, the APC product was also found to significantly inhibit the growth of a variety of pathogens.
APC products will be highly competitive in a wide variety of major, high growth global markets. The product categories in which APC products will be able to directly complete include fertilizers, soils, composts, organic products, soil inoculum, soil amendments, products with limited availability such as organic kelp and bone meal, tea products for foliar feeding, irrigation system fertilizers and some pesticides.
Due to unanticipated administrative delays the acquisition of Bruden Steaming and Vac Services Ltd. has been rescheduled to conclude at the end of April 2002.
DEPI President, Perry Smith, states, "We are highly energized by the massive opportunities inherent in this new venture with APC. Our real investment is minimal compared to the enormous gains we anticipate from this virtually self supporting initiative."
On behalf of the Board of Directors of : DURO ENZYME PRODUCTS INC. "Perry Smith" Perry Smith, President
SOURCE Duro Enzyme Products Inc.
CONTACT: Perry Smith, 604-888-6797 (DEPI)
.......According to the Great Pumpkin, ".....You're in .....iHub....., Charlie Brown....."!!!
