Purebase Targets California's Central Valley, Peru, and Vietnam with Distribution Agreements
Ione, CA, January 19, 2017 (Newswire.com) - Purebase Corporation (OTCQB: PUBC), a public company whose focus is on delivering high quality sustainable organic mineral products for the agricultural sector, announces that it has executed three distribution agreements for product sales on three different continents.
Purebase is looking to gain entry as a global organic agricultural product company in California’s Central Valley, Peru, and Vietnam with its recent signing of distribution Agreements.
Purebase executed its first Distribution Agreement with US Fertilizers Inc., a California corporation with offices in Irvine California. The agreement authorizes distribution of Purebase products in Laos, Cambodia, and Vietnam. This is Purebase’ first Distribution Agreement that serves the Asian continent, where their agents will focus on soil improving amendments, but are licensed to market all of the Purebase offerings.
Vietnam is one of the fastest growing markets for U.S. agricultural products exports, with $2.3 billion dollars spent in 2015. That's a 357 percent increase from 2007; the year Vietnam joined the World Trade Organization. Vietnam now ranks as the United States’ 11th-largest agricultural export market, with top products including cotton, tree nuts, soybeans, and dairy.
Purebase followed with a Distribution Agreement in California’s Central Valley. Clements Nut Company was brought on board with the execution of a Distribution Agreement that covers sales in the San Joaquin County of California.
California’s agricultural products are worth $47 billion dollars annually with walnuts and almonds accounting for over $6 billion by themselves. San Joaquin’s piece of the agricultural market is worth over $2.7 billion to the county’s economy.
Purebase also looks to enter another fast-growing agricultural market, that of Peru in South America. The population of Peru has grown from 10 million inhabitants in 1960 to over 31 million in 2015. With this explosive growth, comes increased pressure on their agricultural sector to respond with increased production, with improved nutritional value.
Purebase responds to the need with a Distribution Agreement that grants AG Trading Corporation SAC, of Lima Peru to take advantage of all of the Purebase’ product offerings.
This agreement comes on the heels of two years of field trials conducted on a number of crops with farmers in a variety of agricultural regions in Peru.
Further information regarding the work done by the researchers at Purebase will be disseminated in future press releases, and subsequently on their website www.purebase.com
About Purebase (OTCBBQB: PUBC)
Purebase is a diversified, natural and industrial mineral resource company providing solutions to the agriculture industry, Purebase acquires, develops, and commercializes industrial and natural mineral deposits to service the agriculture industry, both domestically and internationally. Purebase provides soil amendments that will be used within the agriculture industry.
This press release contains statements, which may constitute “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Purebase Corporation and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company’s Form 10-K filed March 14, 2016 and 10-Q’s filed April 19, 2016, July 15, 2016, and October 21, 2016 as well as other reports filed with Securities and Exchange Commission which are available at http://www.sec.gov/ as well as the Company’s web site at http://www.purebase.com/. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.