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:10/12/2017)... ... October 12, 2017 , ... ... Lithuania, announced today that they have entered into a multiyear collaboration to identify ... CRISPR researchers with additional tools for gene editing across all applications. , Under ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... with the addition of its newest module, US Hemostats & Sealants. , SmartTRAK’s ... hemostats, absorbable hemostats, fibrin sealants, synthetic sealants and biologic sealants used in surgical ...
(Date:10/12/2017)... ... October 12, 2017 , ... ... genomics analysis platform specifically designed for life science researchers to analyze and ... researcher Rosalind Franklin, who made a major contribution to the discovery of ...
(Date:10/11/2017)... ... October 11, 2017 , ... The ... endogenous context, enabling overexpression experiments and avoiding the use of exogenous expression plasmids. ... is transformative for performing systematic gain-of-function studies. , This complement to loss-of-function ...
Breaking Biology Technology:
(Date:4/3/2017)...  Data captured by IsoCode, IsoPlexis Corporation,s ... statistically significant association between the potency of ... objective response of cancer patients post-treatment. The ... cancer patients will respond to CAR-T cell ... to improve both pre-infusion potency testing and cell ...
(Date:3/29/2017)... -- higi, the health IT company that operates the largest ... , today announced a Series B investment from BlueCross ... new investment and acquisition accelerates higi,s strategy to create ... health activities through the collection and workflow integration of ... and secures data today on behalf of over 36 ...
(Date:3/24/2017)... 2017 Research and Markets has announced the ... & Trends - Industry Forecast to 2025" report to their ... The Global ... CAGR of around 15.1% over the next decade to reach approximately ... the market estimates and forecasts for all the given segments on ...
Breaking Biology News(10 mins):