BOSTON, May 12, 2014 /PRNewswire/ -- Verde Media
Group Inc. (OTC:VMGI) and its Biotech Division ("VMBD") announces
that Butazyme, LLC, "BTZ" a wholly owned company of VMBD, has
broken ground and commenced construction of the omega-3 project
site in Asia. The joint venture
with Phoenix Energy "PXE" is fully financed and involves scaling
and co-developing the BTZ omega-3 technology to 20,000 liters in
phase-I. BTZ has developed a proprietary microbial technology to
produce high value omega-3 oils rich in long chain DHA and EPA
fatty acids. Butazyme will receive a sum
of $500,000.00 payment for technology transfer and 10%
royalty as licensing fees per annum as part of its contractual
agreement with PXE.
Earlier, the two parties have signed a major agreement to
develop and market microbial made 'DHA-rich' oils using organic
feedstock and geo-fermentation technology. The agreement is a
central Asia exclusive commercial
license to PXE for existing and future co-developed long chain
omega-3 intellectual property. Our technology can produce the same
quality long chain omega-3 oils as those found in fish oil, but at
5X the amount present in fish oil that makes our proprietary
process commercially viable. We are among the very few that
addresses one of the most pressing omega-3 food supply solutions of
the 21st century, through alternative microbial based omega-3 oil
production which is sustainable and provides long-term preservation
of the worlds marine ecosystem.
DHA omega-3 fatty acids have well-documented roles in heart and
brain health, child and infant development, treating inflammation
and other health functions. The awareness of their health benefits
and inclusion in diets – either as supplements or used to fortify
processed foods – has grown exponentially over the last decade. The
primary source of these long chain omega-3s is fish and demand
continues to grow faster than can be sustainably supplied from
available stocks. Human demand will require an additional 70
million tons of aquaculture based fish at the same time wild caught
fish stocks are predicted to be in severe decline by 2050.
Therefore alternative sources to produce omega-3 oils are growing
at a rate of 10-12% per annum and expected to grow to a
$35B industry in 2020.
Dr. Abidi, Ph.D. CEO of VMBD stated, "We are very excited to
rapidly transit from financial closure to construction of the
project site that involves scaling our proprietary technology for
omega-3 production. We are on schedule to later start commercial
scale-up and operations are expected to generate $25 million revenue per annum in phase-II."
About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on
the OTC Markets trading under the stock symbol: VMGI. Verde
Media Group Inc. The Company consists of three divisions:
Agency Division
The innovative Agency division services- public relations,
marketing, sales and transaction functions for corporate
clientele.
BioTech Division
The VMBD division undertakes the business of developing and
producing high value bio-products from renewable biomass. The
focus and criterion is to develop proprietary microbial
technologies with low risk scale-up methods employing low cost
feedstock. VMBD will further develop the derivative and ester
forms of CBD for increase in potency and their use in different
delivery systems, including sublingual, inhaled dosage forms and
blending with food products.
Entertainment Division
The Company operates a managed media company with production,
distribution, development, and acquisition functions for film and
television.
For more information, visit www.verdemediagroup.com, or connect
with the company on Facebook. Twitter- @Verdemediagroup
DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING
STATEMENTS
The results described herein cannot be guaranteed. This release
contains "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E the
Securities Exchange Act of 1934, as amended and such
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
Statements in this news release other than statements of historical
fact are "forward-looking statements" that are based on current
expectations and assumptions.
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SOURCE Verde Media Group Inc.
