NORCROSS, GA--(Marketwired - Dec 2, 2014) - VEGA BIOFUELS, INC. (OTC PINK: VGPR) announced today that it has entered into a Reseller Agreement with Texas based Solanbridge Group, Inc. (OTC PINK: SLNX) that allows Solanbridge Group to market Vega's Biochar product to its clients worldwide.
Vega currently markets its Biochar product through an Agreement with Biochar industry leader, Biochar Now, LLC. The unique Reseller Agreement gives Vega the rights to market the Biochar product to all industries worldwide with a "favored nation" status on pricing. The Agreement between Vega and Solanbridge now gives Solanbridge the rights to market Vega's Biochar to all markets worldwide.
Vega's Biochar product is a highly absorbent specially designed charcoal-type product that among other things can be used as a soil enhancement for the agricultural industry to significantly increase crop yields. The Company's Biochar offers a powerfully simple solution to some of today's most urgent environmental concerns. The production of Biochar for carbon sequestration in the soil is a carbon-negative process.
Michael K. Molen, Chairman/CEO of Vega Biofuels, Inc., stated, "We are happy to announce the Agreement with Solanbridge. This deal will significantly increase our marketing efforts for Biochar. With the acquisitions Solanbridge has made recently and their plans for future expansion, we feel they can have a significant impact on our bottom line by reaching markets that we are not currently marketing to."
Charles R. Shirley, CEO of Solanbridge Group, stated, "We are excited to be working with Vega and selling their Biochar product in Canada, Jamaica, and South Central Asia. We believe the product will be a perfect fit for the markets we are currently pursuing and will complement the cultivation processes that they already have in place. We also find the BioChar product to be a perfect complement to Solanbridge's current business plan."
Certain statements in this release constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast," "project," "intend," "expect" "should," "would," and similar expressions and all statements, which are not historical facts, are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance (finance or operating) or achievements to differ from future results, performance (financing and operating) or achievements expressed or implied by such forward-looking statements.
CONTACT:
Vega Biofuels, Inc.
800-481-0186
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vegabiofuels.com
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