BAM Agricultural Solutions signs an exclusive distribution agreement for the Republic of the Philippines

Date:04-13-2017

Zero Gravity Solutions, Inc. (“ZGSI” or the “Company”), an agricultural biotechnology public company commercializing its technology derived from and designed for Space with significant applications for agriculture on Earth, announced that its wholly-owned subsidiary, BAM Agricultural Solutions, (“BAM”), has signed an exclusive distribution agreement (the “Agreement”) with Saraventures Trading Corp. (“SaraVentures”), a subsidiary of the Lina Group of Companies.

Under the terms of the Agreement, SaraVentures will be responsible for importing BAM’s product, BAM-FX®, and will supervise the sales, marketing, legal and administrative tasks necessary to introduce and sell BAM-FX in the Philippines. The Agreement will be effective the date immediately preceding the completion of registration and related studies, which is estimated to take four months. Upon approval, SaraVentures has committed to purchase 50,000 gallons of BAM-FX during the first contract year of the Agreement.

“We are pleased that BAM-FX is being introduced to the multi-billion dollar agricultural market in the Philippines by a subsidiary of the Lina Group of Companies (LGC), one of the country’s largest, most well-respected companies. LGC is known for its adoption of advanced technologies in multiple industries and recognizes the value of the potential increase in the yield and nutrient value of crops produced within the country”, stated Dr. Raveendran Pottathil, ZGSI’s Chief Technology Officer and Director of Asian Business Development for BAM Agricultural Solutions.

“We recognize the importance of contributing to the continued development of our nation’s agricultural industry and the significance of providing quality crops to our country’s population”, stated Samuel Bautista, President of Saraventures Trading Corp.