Zero Gravity Solutions Establishes Two Operating Subsidiaries as the Company Enters Revenue Generation & BAM-FX™ Commercial...
09 October 2014 - 11:45PM
Business Wire
Zero Gravity Solutions, Inc. (ZGSI or the “Company”) (Pink
Sheets: ZGSI) announced today that it has established two
wholly-owned subsidiaries, BAM Agricultural Solutions, Inc. and
Zero Gravity Life Sciences, Inc. BAM Agricultural Solutions has
commenced manufacturing, sales and revenue generation through the
receipt of commercial-quantity orders for the Company’s first
agricultural product, BAM-FX. Zero Gravity Life Sciences will
continue ongoing research and development work in conjunction with
NASA and other institutions.
The Company has added to its senior management team in order to
effectively manage these companies. Mr. Glenn Stinebaugh, who has
been involved in sustainable economic development and agricultural
projects worldwide for over 25 years, has been named President and
CEO of BAM Agricultural Solutions, Inc. Mr. Stinebaugh has been
actively involved in the Company’s sales and marketing activities
for several months. Mr. Stinebaugh stated, “I have been impressed
with the BAM-FX product, its efficacy, place in the market and
initial customer response. I plan to implement a robust marketing,
distribution and customer support plan and augment the
manufacturing infrastructure.”
Mr. Richard Godwin will shift from his position as President and
CEO of ZGSI, while remaining a director, to become President and
CEO of Zero Gravity Life Sciences, Inc. Mr. Harvey Kaye, currently
serving as Chairman of the Board of ZGSI, will assume the titles of
President and Interim CEO of ZGSI. Mr. Godwin stated, “This
repositioning will allow me to fully focus on our NASA
relationships, our research and development for BAM-FX and future
products for the Company’s expanding agricultural IP.”
”The Company’s senior management team now has its key officers
in the most effective roles to best accomplish the Company’s
objectives of rapid revenue generation, the scale up of
manufacturing to meet anticipated demand and continuing the ongoing
end user customer and NASA sponsored research and development to
build the companies’ pipeline of agricultural products,” stated
Harvey Kaye, Chairman, President and Interim CEO of ZGSI.
About Zero Gravity Solutions, Inc.
Zero Gravity Solutions, Inc. is an agricultural biotechnology
public company commercializing its technology derived from and
designed for Space with significant applications on Earth. These
technologies are focused on providing valuable solutions to
challenges facing world agriculture. ZGSI’s two primary categories
of technologies aimed at sustainable agriculture are: 1) BAM-FX™,
an organic, cost effective, ionic nutrient delivery system for
plants and 2) Directed Selection™, utilized in the development and
production, in the prolonged zero/micro gravity environment of the
International Space Station, large volumes of Non-GMO, novel,
patentable stem cells with unique and beneficial
characteristics. Additional information may be accessed at
www.zerogsi.com.
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This press release may contain certain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including without limitation, acceptance of the
Company’s products, increased levels of competition for the
Company, new products and technological changes, the Company’s
dependence on third-party suppliers, and other risks detailed from
time to time in the Company’s periodic reports filed with the
Securities and Exchange Commission.
Zero Gravity Solutions, Inc.Harvey Kaye, +1
561-416-0400Chairman, President and Interim
CEOinfo@zerogsi.comorBAM Agricultural Solutions, Inc.Glenn
Stinebaugh, +1 561-416-0400President and
CEOgstinebaugh@zerogsi.comorZero Gravity Life Sciences, Inc.Richard
Godwin, +1 561-416-0400President and CEOrgodwin@zerogsi.com
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