OGNG .029 RM NEWS!!!!! Now we know why all the big volume the other day.
Organa Signs Letter of Intent With Integrated Green Technologies, LLC
NEW YORK, Aug 4, 2011 (GlobeNewswire via COMTEX) -- Organa Gardens International Inc.(OTCBB:OGNG) reports that the Company has signed a Letter of Intent with Integrated Green Technologies LLC (IGT), of Fort Lauderdale, Florida to merge the two companies. A definitive agreement of the merger will be an exchange of restricted shares of the Company's stock to IGT shareholders effecting a change of business which will still follow the Company's green mandate. The agreement is to be signed no later than September 1, 2011.
IGT is an industrial tools, machinery & equipment manufacturer including consumable supplies & materials. IGT is a distributor of heavy-duty blasting equipment and "green" environmentally safe mobile powder coating systems featuring the pending patent, Triplex Electrostatic/Electrostatic Thermal Spray/Non Electrostatic Thermal Spray and Powder Coating Spray and Conversion Device.
Jaclyn Cruz, President of Organa Gardens International Inc., states, "This innovative powder coating system is so technically sound yet environmentally friendly that the Company felt that the opportunity to merge with IGT was just ideal for all concerned. This project will bring significant value for our shareholders."
IGT's management team has over 35 years of experience within the powder coating and metal finishing business. Their expertise include design, engineering, building and installation of multimillion dollar powder coating systems for such industry giants as General Dynamics, GE, and many others.
Furthermore, IGT recently introduced its patent pending, unique powder coating system which allows for the first time, powder coating of parts and structures without the use of an oven both in the factory and in the field. The Electro Thermal Spray Tool makes it possible to apply powder coating with its well recognized features of superb long term corrosion protection, durability, and environmentally safe characteristics. It can be used on structures and infrastructure such as, in place lamp posts, fire hydrants, bridges, large commercial and pleasure vessels / boats, swimming pools, oil supply vessels, oil rigs and pipeline and much more. Restoration can now be in the field on site. For more information view www.igtllc.com.
Beyond the unique application tool, IGT has created a line of unusual and extremely functional powders to be used both in its Electro Thermal Spray Tool and with more traditional oven bake systems. These include highly corrosive resistant coatings, architectural field repairable coatings, FDA certified coatings, boat hull and running gear coatings, swimming pool coatings, bacteria resistant coatings, and reflective coatings. Using its tool and powders, it is now possible to coat such diverse substrates as metal, fiber glass, plastics, wood, concrete, glass, and ceramics. This has never been done before.
Visit our site: www.organagardens.com
/s/ Jaclyn Cruz Jaclyn Cruz, President
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical fact are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays in testing and evaluation of products and other risks detailed from time to time in Organa Gardens filings with the Securities & Exchange Commission.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: Organa Gardens International, Inc.
By Staff
CONTACT: CONTACT: For further information contact:
1-888-488-6882
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Farm Equipment
SUBJECT CODE: INDUSTRIAL
ENVIRONMENT
MERGERS
Mergers and Acquisitions
News 
Market Data 
Discover 
