checkAd

     109  0 Kommentare CGS International, Inc. Inks Agreement with Second Philippine Based Cooperative for the Distribution of GENESIS 89(TM)

    QUEZON CITY, PHILIPPINES / ACCESSWIRE / January 5, 2022 / CGS International, Inc. (OTC PINK:CGSI) (the "Company" or "CGSI"), a publicly traded, fully reporting emerging growth company focused on the development and sale of its organic plant …

    QUEZON CITY, PHILIPPINES / ACCESSWIRE / January 5, 2022 / CGS International, Inc. (OTC PINK:CGSI) (the "Company" or "CGSI"), a publicly traded, fully reporting emerging growth company focused on the development and sale of its organic plant enhancers known as GENESIS 89 and GENESIS 89 GOLD, is pleased to announce that its wholly owned subsidiary, World Agri Minerals Inc., has entered into a Distribution Agreement with Care Filipinos Multipurpose Cooperative ("Care Cooperative").

    Care Cooperative is registered as a multipurpose cooperative with the Cooperative Development Authority (CDA) of the Philippines and has been operating since 2008 in Luzon, Visayas and Mindanao. Care Cooperative is a duly accredited distribution cooperative member of the Philippines' largest cooperative federations, namely COOP NATTCO, which has over 10,000 members, and the Federation of People's Sustainable Development Cooperatives (FPSDC).

    "We believe the execution of this agreement signals the continued growth of the Company in the Philippines and is a sign of things to come as we move into 2022. Care Cooperative, with its accreditation as a distribution cooperative member, is positioned perfectly to assist the Company with the sale of our GENESIS 89 product-line," stated Ramon Mabanta, CEO of CGSI.

    As a member of these two federations, Care Cooperative's distribution network exceeds 10,000 CDA registered cooperatives, each with an average of 40 members per cooperative. In turn, each individual member of these coops has a farm with an average of 2.5 hectares. Care Cooperative also has their own Agri farm of 1,000 hectares and it is anticipated it will make the initial purchase and also serve as the primary testing farm for its entire distribution network.

    "With more than 1,000,000 hectares in the Care Cooperative distribution network, the potential sales figures are difficult to accurately estimate, but we are confident that we can reach a sizable portion of the total membership. The initial purchase order from Care Cooperative itself is expected in the coming weeks, and we believe that the relationship will prove to be invaluable as we press forward with the Company's plan of operation and growth strategy," added Mabanta.

    Per the terms of the Distribution Agreement, the Company will supply Care Cooperative with its GENESIS 89 plant enhancer, and Care Cooperative will serve both as a purchaser and user of the product as well as operating as a non-exclusive distributor of GENESIS 89 to purchasing members.

    Seite 1 von 2



    Accesswire
    0 Follower
    Autor folgen
    Mehr anzeigen
    We’re a newswire service standout and fast becoming an industry disruptor. We provide regional, national and global news to thousands of clients around the world. We’re also leading the way in social engagement, targeting and analytics.
    Mehr anzeigen

    Verfasst von Accesswire
    CGS International, Inc. Inks Agreement with Second Philippine Based Cooperative for the Distribution of GENESIS 89(TM) QUEZON CITY, PHILIPPINES / ACCESSWIRE / January 5, 2022 / CGS International, Inc. (OTC PINK:CGSI) (the "Company" or "CGSI"), a publicly traded, fully reporting emerging growth company focused on the development and sale of its organic plant …