Navigation Links
Genufood Energy Enzymes Corp. Announces $20 Million Equity Purchase Agreement
Date:10/23/2013

HOUSTON, Oct. 23, 2013 /PRNewswire/ -- Genufood Energy Enzymes Corp. (GFOO), an exporter and distributor of nutraceutical enzyme products, announced that the President, Yi Lung Lin, the Principal Accounting Officer, Pei Wei Jiang and Attorney, Faiyaz Dean had on October 3, 2013 attended a meeting with Southridge LLC and entered into an Equity Purchase Agreement (EPA) Term Sheet with them whereby Southridge is committed to purchase up to US $20 million worth of common shares of GEEC within a period of two years.

"With Southridge providing the funding we are confident that we can execute our business plan to expand the market for our enzyme supplements," said Mr. Lin. "The plan calls for a new ProCellax® packaging and bottling plant in Singapore as well as a ProAnilax® re-packing plant in Sri Lanka. These new plants will enable the Company to enjoy a lower cost of sales, stronger market share and higher profitability in the years ahead."

"We will sign the Equity Purchase Agreement and Registration Rights Agreement and a new S-1 registration form will be filed with the Securities and Exchange Commission soon," added Mr. Lin.

About Genufood Energy Enzymes Corp.

Genufood Energy Enzymes Corp. is a leading true enzyme distributor and exporter. For more information, visit www.geecenzymes.com.


'/>"/>
SOURCE Genufood Energy Enzymes Corp.
Copyright©2012 PR Newswire.
All rights reserved

Page: 1

Related biology technology :

1. Genera Energy Featured on Public Television’s “This American Land”
2. Virginia Tech researchers publish study on jellyfish energy consumption that will improve bio-inspired robotic designs for Navy
3. Genera Energy Names Sam Jackson VP of Business Development
4. Elsevier Announces the Launch of a New Journal: Energy Research & Social Science
5. Elsevier and Energy Institute Organize First Energy Systems Conference To Be Held in June 2014, London, UK
6. Penn scientists demonstrate new method for harvesting energy from light
7. Researchers produce nanostructures with potential to advance energy devices
8. VG Energy Chief Scientist Awarded $200,000 AgriLife Grant to Study Lipid Secretion
9. Soft approach leads to revolutionary energy storage
10. Lawrence Livermore engineering team makes breakthrough in solar energy research
11. Kitware to Develop an Open-Source HPC Design-Analysis Environment for Nuclear Energy Research
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/15/2017)... ... 15, 2017 , ... Nanomedical Diagnostics , a cutting-edge ... the launch of the new NHS Agile biosensor chip . The new ... a wide range of molecules, including small and large molecules, peptides, proteins, and ...
(Date:8/15/2017)... ... August 15, 2017 , ... Coffea arabica ... biotic and abiotic factors. During this educational webinar, participants will learn about the ... as gain a better understanding of how genomics is important for coffee breeding ...
(Date:8/11/2017)... ROCKVILLE, Md. , Aug. 11, 2017 ... in a New York Times article regarding ... 9.2 billion, according to Kalorama Information.  The ... an App for That"  used information ... Remote Patient Monitoring & Telemedicine Market  (Sleep, ...
(Date:8/10/2017)... Philadelphia, PA (PRWEB) , ... August 09, 2017 ... ... back to the classroom next week-- as students. From August 14th through the ... Institute. The institute, which debuted in the summer of 2016, provides Philadelphia-based middle ...
Breaking Biology Technology:
(Date:3/29/2017)... the health IT company that operates the largest health ... today announced a Series B investment from BlueCross BlueShield ... investment and acquisition accelerates higi,s strategy to create the ... activities through the collection and workflow integration of ambient ... secures data today on behalf of over 36 million ...
(Date:3/27/2017)... CENTRE, N.Y. , March 27, 2017 /PRNewswire-USNewswire/ ... Healthcare Information and Management Systems Society (HIMSS) Analytics ... Outpatient EMR Adoption Model sm . In addition, ... 12% of U.S. hospitals using an electronic medical ... CHS for its high level of EMR usage ...
(Date:3/24/2017)... , Mar 24, 2017 Research and ... Access System Market Analysis & Trends - Industry Forecast to 2025" ... ... to grow at a CAGR of around 15.1% over the next ... This industry report analyzes the market estimates and forecasts for all ...
Breaking Biology News(10 mins):