/ News
2 January 2019
VEGALAB, INC. TO PROVIDE PRATUM CO-OP MORE OPTIONS FOR THEIR NORTHWEST FARMER MEMBERS
PALM BEACH, FL and SALEM, OR, Jan. 02, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Vegalab, Inc. ("the Company"), (OTCQB: VEGL), an industry leader in the soft chemistry, natural agrochemical segment, today announced the Company will begin selling its products through all three locations of Pratum Co-op, a prominent and rapidly growing agricultural retailer based in the diverse growing region of the Willamette Valley in Oregon.
Founded in 1946, more than half a century ago in the community of Pratum, just east of Salem, Oregon, Pratum Co-op began handling the prime seed produced in the fertile soils of the Willamette Valley. Today, Pratum Co-op, a supplier of fertilizer, crop protection and petroleum products, has three state of the art locations to serve its members who are prominent growers of grass seeds, blueberries, hazelnuts, grapes, hay, carrot seed and more. Two locations in the Willamette Valley service four counties and one location in Central Oregon services a two county region. Over the past several months, Pratum Co-op has been trialing Vegalab products and plans to initially focus selling the Vegalab soft chemistry pesticide lines and water treatment chemistries that include Nematode Control, Mildew Control, Spider Mite Control, Spore Control and WaterCure to their diverse cooperative members.
Bill Hubbell, Procurement Manager at Pratum Co-op, stated, “The team at Pratum Co-op is consistently seeking ways to enhance the agricultural businesses of our clients. Better pesticides and water treatments will only improve the harvests of the Willamette Valley, and we are pleased to work with the Vegalab team and expand their presence in our market.”
David Selakovic, CEO of Vegalab stated, “We are happy to work with such an established agricultural group as Pratum Co-op. Pratum Co-op will bring our products into the Willamette Valley, a massively productive agricultural area. Agricultural products of the valley include many varieties of berries and vegetables which will benefit from Vegalab’s non-toxic and beneficial lines of specialty products. The Valley also produces most of the grass seed, Christmas trees, and hazelnuts sold in North America and its greenhouse and nursery stock is unrivaled. We look forward to working with the agricultural community in Oregon and we look forward to a long-term relationship with Pratum Co-op.”
Vegalab, Inc. is the exclusive distributor in North and South America of a line of all-natural, biologically derived pesticides, fertilizers, and specialty agricultural products. Vegalab’s pesticides are highly effective against targeted organisms, non-toxic to beneficial organisms, and safe for the environment. Vegalab’s products support a healthy soil biome and are cost competitive with synthetic chemicals that do just the opposite. The Company operates in two segments of the food industry. The Agronomy Business involves the manufacture and distribution of all-natural crop protection, crop health, and soil enhancement products; the Packing Business involves the operation of citrus packing facilities.
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Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements by words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “should,” “would” or similar words. You should consider these statements carefully because they discuss our plans, targets, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. These statements are subject to certain risks, uncertainties, and assumptions, including, but not limited to, risks and uncertainties relating to the Company’s ability to develop, market and sell products and services, based on its technology; the expected benefits and efficacy of the Company’s products, services and technology; the availability of additional funding for the Company to continue its operations and to conduct research and development, and future product commercialization; and, the Company’s business, research, product development, regulatory approval, marketing and distribution plans and strategies; the ability of the Company to execute on a business plan that permits the technologies and innovations businesses to provide sufficient growth, revenue, liquidity and cash flows for sustaining the Company’s go-forward business, and the risks identified and discussed under the caption “Risk Factors” in the Vegalab Annual Report filed with the Securities and Exchange Commission (the “SEC”) and the other documents Vegalab files with the SEC from time to time. There will be events in the future, however, that Vegalab is not able to predict accurately or control. Vegalab’s actual results may differ materially from the expectations that Vegalab describes in its forward-looking statements. Factors or events that could cause Vegalab’s actual results to materially differ may emerge from time to time, and it is not possible for Vegalab to accurately predict all of them. Any forward-looking statement made by Vegalab in this press release speaks only as of the date on which Vegalab makes it. Vegalab undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.