MykoGreen Biotechnology AG
MykoGreen Biotechnology AG experiences strong growth in Germany; Sales should shortly increase to more than 100 tons in Germany alone
MykoGreen Biotechnology AG / Key word(s): Development of Sales 21.09.2010 08:30 --------------------------------------------------------------------------- Zug/Hamburg - The products of MykoGreen Biotechnology AG (Frankfurt: 4AW) are currently in big demand in Germany. 'Over the coming months, we are planning to sell more than 100 tons of our products in Germany', explains Armin Grabowski, Executive of MykoGreen Biotechnology AG. The contract value of the German orders currently totals approx. 3 million Euros. Despite nutrient-rich soils, repeatedly poor harvests are being gathered in Germany, forcing farmers to re-think their previous seeding and fertilizing strategies. The MykoGreen products help plants to deal with 'stress situations' more effectively. 'We never expected that we would be faced with such huge demand here in Germany. For this reason we have strengthened our sales team', explains Grabowski. From the 1 October onwards, two additional retail representatives will be focusing on the German market with MykoGreen products. An acclaimed German manufacturer of seeds, with a world-wide customer base, has recently ordered MykoGreen products and is currently testing their industrial application in the scope of a large scale test. In addition to this, an acclaimed agricultural firm in northern Germany is currently soaking its winter rye for the upcoming sowing, cultivating a total of 15 hectares with products made by MykoGreen. A few months ago, subsequent to a period of intensive research and development work, the sale of MykoGreen products started. Since the summer, the acclaimed Ludwig Maximilian University in Munich has been testing the soil auxiliary materials from MykoGreen; the results of the study are set to be published at the end of October. An acclaimed company in the south of Germany is also testing the MykoGreen products and providing detailed evaluations of them. In the spring, MykoGreen Biotechnology AG signed a Memorandum of Understanding (MOU) with the Al-Fajer-Group in Dubai. The goal of this MOU is a joint venture, the content of which is the development of a production centre for MykoGreen products in Dubai. MykoGreen Biotechnology AG: MykoGreen Biotechnology develops and sells biological plant additives, free of genetic engineering, which can be used across a wide spectrum, from plant cultivation to recultivation of crops. The functional effects of our high quality products are achieved through mycorrhizal-fungi, soil bacteria and beneficial fungi. Their professional application increases the stress tolerance of the plants against biotic and abiotic factors. By adding specific components, the efficiency of the products is further enhanced and modulated to match the requirement and application profile. This produces plants that develop strong roots, absorb nutrients more efficiently, need less water and resists pests better and are better equipped to endure stress during transplantation (seedlings, trees). MykoGreen Biotechnology AG is a listed company trading on the German Stock Exchange under the code 4AW. For further information please visit www.mykogreen.ch Contact: Milestone Media AG (Investor Relations Europe) Telephone: + 41 415 000 727 Fax: + 41 415 000 728 21.09.2010 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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