PureSpectrum Signed First Allocation for Beet Sugar
VERO BEACH, FL (Marketwired Nov 3, 2014) PureSpectrum, Inc. (OTC Pink: PSRU), Chairman of the Board and Chief Executive Officer, Gregory F. Gustin, currently in Kiev, Ukraine to initiate new banking protocols, has announced that its Joint Venture Partner, Central Sun Ukraine LLC ("CSU") has executed its first Allocation Contract for Beet Sugar with one of Ukraine's largest refinery.
"We are on track to secure a minimum of 100,000 Metric Tons per month of refined sugar from our affiliates in Ukraine," said Mr. Gustin, CEO and President of PureSpectrum, Inc. "Although this first allocation is for 50,000 Metric Tons per month, our negotiations are moving forward, such that we are confident we can exceed our stated goals. We are in the final stages to secure transportation contracts with local trucking and rail companies to deliver products direct to the Port of Odessa."
Mr. Gustin adds, "Dr. Alonso, the Chairman and CEO of CSU just finished travel to Western Europe to secure contracts with two of the largest food manufacturing companies that are competing to purchase our entire allocation. Having annual contracts with firms of this stature gives us the financial foundation to permit us to continue to grow the company and to add additional commodities to our Product Lines."
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