MykoGreen Biotechnology AG
MykoGreen Biotechnology AG is granted product certification for the entire Golf region
MykoGreen Biotechnology AG / Regulatory Approval/Product Launch 22.07.2010 08:30 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- The Switzerland based MykoGreen Biotechnology AG (ticker symbol on the Frankfurt Stock Exchange: 4AW) has received authorisation for importing and marketing its products in the entire Golf region. The certification has now been granted by the Ministry of Environment and Water. In June 2010 MykoGreen Biotechnology AG signed a Memorandum of Understanding (MOU) in Dubai with Al Fajer Investment and Development LLC from the United Arab Emirates. The Al Fajer Group was represented by His Highness Sheikh Hasher Maktoum Bin Juma Al Maktoum. The MOU is the foundation of a joint venture aiming to market MykoGreen Biotechnology AG's products via the Al-Fajer Group which belongs to the Al Maktoum family. There are also plans to construct an on-site production facility. 'This certification for the entire Golf region removed any remaining obstacles for marketing our products here and in the neighbouring Golf States and we are looking forward to receiving the first orders from Dubai', commented Armin Grabowski, a member of the board of directors at MykoGreen Biotechnology AG. Initial orders for a large amount of several of MykoGreen's products will be processed in the coming days for delivery to customers in places such as Sudan and the United Arab Emirates. The Al Fajer Establishment, a general trading unit of Al Fajer Group, will be MykoGreen's partner on the ground. The company also belongs to the Al Maktoum family and will be responsible for distribution. MykoGreen products will also be promoted at the Garden+Landscaping Middle East Exhibition in Dubai International Convention and Exhibition Centre. The region's most prominent trade fair will be held at the end of October this year. 'The fact that our joint venture partners in Dubai have reserved a stall at the trade fair for presenting our products that is nearly 100 square meters attests to the Al Fajer Group's level of commitment to the region and to MykoGreen's products', added Armin Grabowski. 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. Al Fajer Investment and Development: Al Fajer Investment and Development is a company in the Al Fajer Group. It is a 100 percent subsidiary of His Highness Sheikh Hasher Maktoum Bin Juma Al Maktoum's holding group. It was established in 2004 and seeks to invest in promising business ideas and companies in this sector. The company aims to establish a major portfolio of profitable companies in the Region using very strict due diligence principles. For further information please visit www.alfajer.com. Contact: Milestone Media AG (Investor Relations Europe) Telephone: + 41 415 000 727 Fax: + 41 415 000 728 22.07.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
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