BUCHAREST, Romania, Feb. 28, 2017 /PRNewswire/ -- AgriEuro Corp. (OTCQB: EURI) today announced that it has purchased new equipment for its reed harvesting activities.
The company acquired a Seiga machine at a cost of 70,000 Euros in November.
The Seiga's expected delivery date is within the next 30 days. This machine will allow AgriEuro to double the amount of reed that's harvested in 2017.
Seiga machines are special because they are the only kind that can access swampy fields and harvest the reed without destroying the plant roots. They use 6 floating wheels and exercise weight pressure of less than 100 grams per square cm which protects the crops from damage and sets up the plant for a healthy growth the following season.
"The Seiga acquisition will allow us to significantly increase reed production. Best of all, the machine is approved for use on our UNESCO World Heritage property as it does not cause any damage while it's operating." cited Mr. Radu Cosmin Monda, CEO of AgriEuro Corp.
"We are planning to place an order for 3 more machines before the end of the year and are expecting to eventually bring production up to 1.5 million raw bundles of reed."
About AgriEuro Corp
AgriEuro Corp operates in the agricultural, aquaculture and tourism industry in Europe. The company's flagship property is located at the junction of the Danube delta and the Black Sea and encompasses a variety of currently revenue-producing and soon-to-be producing businesses. It spans over 4,200 acres on a Unesco World Heritage site. Investors can visit the company's website at www.AgriEuroCorp.com
This release contains forward-looking statements. Actual results may differ from those projected due to a number of risks and uncertainties, including, but not limited to the possibility that some or all of the matters and transactions considered by AgriEuro Corp may not proceed as contemplated, and by all other matters and assumptions specified in AgriEuro's filings with the Securities and Exchange Commission, especially those risks and other matters described under "Risk Factors" within AgriEuro's Form 10-Q filed with the Commission. These statements are made based upon current expectations that are subject to risk and uncertainty. AgriEuro does not undertake to update forward-looking statements in this news release to reflect actual results, changes in assumptions or changes in other factors affecting such forward-looking information.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/agrieuro-acquires-new-reed-harvesting-equipment-300414702.html
SOURCE AgriEuro Corp