Discovery's Joint Venture Partner AB AGRO Secures Deal to Distribute Innovative New Hemp Pet Care Product
17.07.2015 | Accesswire
MARINA DEL REY,CA / ACCESSWIRE / July 16, 2015 / Discovery Minerals Ltd. (PINKSHEETS: DSCR) (Discovery) and AB AGRO Technologies Inc. (AB AGRO) are excited to announce that they have signed an agreement to distribute an innovative new hemp-based pet care product.This exciting new product will be an affordable, environmentally friendly, naturally superior product, entering into a market with currently over 2 billion dollars a year in sales in North America. AB AGRO intends to leverage the existing distribution channel formed though the IB-8 joint venture. Utilizing the distribution partner within South Florida will afford a low-cost entry into this pet care market.
As was indicated in our last release on hemp and sunflower seeds, it is estimated that 180,000 bottles of hemp and sunflower seed snacks can potentially be retailed over the next six months through the same distribution channel. These estimates show the exciting potential gross revenues to be in excess of $600,000. Additionally, the increased number of sales is anticipated to reduce IB-8's cost of goods by a factor of 10% over the next six months.
About Discovery Minerals LTD.:
Discovery Minerals Ltd., (PINKSHEETS: DSCR) is an acquisition and development company that targets natural resource properties through its subsidiaries. These properties fall within two primary channels, precious metals/mining and industrial hemp. Discovery subsidiaries engage in activities that include the cultivation, product development, and distribution of industrial hemp; Gold, silver and precious metals. In addition, the Company is pursuing clean tech and alternative energy investments to be integrated into these business channels.
About I-B8
I-B8 is an established boutique sunflower seed snack company known for their seed quality, craftsmanship and unique flavors.
Customers who join the I-B8 Seed Club are able to recycle I-B8 packaging in exchange for discounts and free samples of new products at www.i-b8.com.
Safe Harbor: This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 27E of the Securities Act of 1934. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approval for anticipated actions.
Contact Person:
Russell Smith
At: info@discoveryholdingscorp.com
1-310-961-4654