Guar Global Releases Initial Farm Report Detailing Crop Results and Related Activities in Rajasthan, India
December 16 2013 - 3:29PM
Marketwired
Guar Global Releases Initial Farm Report Detailing Crop Results and
Related Activities in Rajasthan, India
DALLAS, TX--(Marketwired - Dec 16, 2013) - Guar Global Ltd.
(OTCQB: GGBL) ("Guar Global" or the "Company"), a company aiming to
implement innovative strategies and methods to increase crop yields
of guar, an organic gelling agent used extensively in hydraulic
fracturing by the oil and gas sector, announced today it has
received a detailed operations report from its regional farm
management team.
The internal report was prepared by Ms. Jolly Masih B.Sc., M.B.A
(Agribusiness), Manager of Strategic Planning for Guar Global Ltd.,
and which was reviewed and edited by Mr. Ganesh Prajapat B.Sc.
(Ag.), M.B.A. (International Business), Manager of Farm Development
& Research for Guar Global Ltd.
The report details the entire first crop cycle at the
Hanumangarh research farm operated by Guar Global Ltd. To date it
is believed that although Guar has been grown locally for
centuries, there has never been any major research undertaken on
the crop and this report represents several firsts. It is further
intended that this report will lead to future studies encompassing
wider agricultural practices and processing methodologies.
The report is focused on Guar Global's operations within a
primary guar growing region centered around Leelawali Village
situated 20 kilometers from Hanumangarh Town. The village is
located in the administrative region of the Indira Gandhi Canal.
Before the recent rise in Guar prices, the crop was farmed solely
through rain-fed irrigation practices, and Guar Global has
successfully led the initiative to introduce managed irrigation
along with fertilization and pest controls as a means to increase
crop yields.
The report includes numerous details and challenges. The results
show how even a modicum of modern farm management techniques
ultimately led to an initial crop of 46 metric tons of high quality
guar seed. The test seed is now slated to serve as the foundation
for our Guar Global Farmer/Partner cooperative program which aims
to replicate our initiatives across the region and to bring a
larger number of farm operations into our growing business
model.
Mr. Michael Shores, Guar Global's CEO states, "We have learned
immensely in this, our first season in Rajasthan. The report
clearly encompasses the challenges we met and overcame, and the
resulting data we have amassed is extremely beneficial. As an added
and very important bonus, our work on the ground has led to many
new relationships with regional farmers and industry leaders who
now know that we are there to make a positive difference. This all
combines to really kick-start our efforts for 2014 and we look
forward to seeing even greater results in the coming months
ahead."
To review a copy of the report, please visit the Company's
website at www.guarglobal.com or click on this direct link:
http://bit.ly/1kPHGRF.
Additional details regarding Guar Global, Ltd., its business,
agreements and related matters are filed as part of the Company's
continuous public disclosure as a reporting issuer under the
Securities Exchange Act of 1934 filed with the Securities and
Exchange Commission ("SEC"), and are available at the SEC's website
at www.sec.gov. For more information, visit our website at
www.guarglobal.com.
About Guar Global, Ltd. (OTCQB: GGBL) Guar Global is a
research-driven development stage company aiming to implement new,
modern strategies to increase yields of guar crops as a high
quality product for the oil and gas sector. In the last two years,
guar gum demand has tripled worldwide mainly because of its use in
hydraulic fracturing activity, especially in the U.S. With no
viable alternative to guar gum on the horizon, and demand remaining
high, we consider the present guar industry ripe for significant
growth. Guar Global believes it has identified a noteworthy
opportunity to introduce new agricultural technologies aimed at
increasing local farm productivity as an economic driver for the
guar production sector. Find out more at www.guarglobal.com.
Cautionary Language Concerning Forward-Looking Statements: This
news release contains "forward-looking statements" as that term is
defined in Section 27A of the United States Securities Act of 1933,
as amended and Section 21E of the Securities Exchange Act of 1934,
as amended. Statements in this press release which are not purely
historical are forward-looking statements and include any
statements regarding beliefs, plans, expectations or intentions
regarding the future. Such forward-looking statements include,
among other things, future studies on planting guar crop, business
strategy, growth of guar industry and introduction of new
agricultural technologies to increase guar crop yield and
production. Actual results could differ from those projected in any
forward-looking statements due to numerous factors. Such factors
include, among others, the inherent uncertainties associated with
new projects and development stage companies. These forward-looking
statements are made as of the date of this news release, and we
assume no obligation to update the forward-looking statements, or
to update the reasons why actual results could differ from those
projected in the forward-looking statements. Although we believe
that any beliefs, plans, expectations and intentions contained in
this press release are reasonable, there can be no assurance that
any such beliefs, plans, expectations or intentions will prove to
be accurate. Investors should consult all of the information set
forth herein and should also refer to the risk factors disclosure
outlined in our annual report on Form 10-K for the most recent
fiscal year, our quarterly reports on Form 10-Q and other periodic
reports filed from time-to-time with the Securities and Exchange
Commission.
On Behalf of the
Board,
Michael C. Shores Guar Global Ltd.
Contact: GGBL Investor Relations Tel: 212-671-1020 x304
investors@guarglobal.com Website: www.guarglobal.com
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