Scottsdale 9/25/2013 3:00:00 AM
Tauriga Sciences Inc. (TAUG) Receives First 100% Tree Free Product Samples from Green Hygienics Inc. (“GHI”)
QualityStocks would like to highlight Tauriga Sciences, Inc. (OTCQB: TAUG), a diversified company focused on generating profitable revenues through license agreements and evaluating potentially lucrative acquisition targets in an industry agnostic manner. The mission of the company is to acquire and build a diversified portfolio of cutting edge technology assets that is capital efficient and of significant value to the shareholders. The company's business model includes the acquisition of licenses, equity stakes, rights on both an exclusive and non-exclusive basis, and entire businesses.
In the company’s news,
Tauriga Sciences announced that they received the first product samples of 100% Tree Free Bamboo-Based photo copy and printing paper from Green Hygienics Inc. (“GHI”). Tauriga is the exclusive licensor for the U.S. marketplace.
Constructed exclusively of bamboo pulp rather than wood pulp, these biodegradable products compare in quality to all competitive tree based products already in the marketplace. Additionally GHI has already provided the company with pricing and delivery schedules for the bamboo-based printing and copy paper. The products come packaged in bundles of either 250 or 500 sheets. Prospective customers will be given product samples over the next few days to test the quality, as well as to determine whether the pricing structure is satisfactory for their own business structures.
Potential customers include various physician practices, leading hospitals, law practices, academic institutions, and nursing homes. Under terms of the license agreement between Tauriga and GHI, Tauriga will realize 100% of the revenue from purchase orders pertaining to the license agreement, with net profits being split 50%/50% between the licensor and the licensee. With an incredible amount of interest from various potential customers, management is focused on generating profitable revenues. All potential purchase orders represent recurring revenue opportunities, once solidifying product performance and logistics management.
Additionally on September 19, 2013, the company signed a non-binding Letter of Interest with a Cincinnati, Ohio-based synthetic biology firm. The firm is currently developing innovative technology aimed at the NanoRobotics space. This emerging technology field includes nanotechnology engineering in which nanorobots are being developed with devices ranging in size from 0.1-10 micrometers and are impressively constructed of nanoscale or molecular components. Within the next 20 business days, the company has stated plans to issue a detailed press release on the specifics of this relationship.
“The Company is very pleased to have received samples and a pricing schedule for the first bamboo-based product (printing paper) of the extensive line being offered by its exclusive licensor Green Hygienics Inc. The Company is very encouraged by the level of interest demonstrated by a number of potential customers and is confident in its ability to generate meaningful and profitable revenues from this license agreement. In addition the Company is excited about entering into an LOI with an intriguing technology company that is a pioneer in the synthetic biology space. The two parties are currently progressing through the due diligence phase and are actively negotiating potential structures and financial terms of a formal business relationship. The Company plans to issue an in depth press release on this corporate development within the next 20 business days, as there emerges additional progress and structural clarity,” commented Tauriga’s CEO Seth M. Shaw.
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Forward-Looking Statement:
This release may contain 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. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.
