Farmica Africa Signs Joint Venture And Acquisition
SAN DIEGO, Dec. 11, 2013 /PRNewswire/ -- TK Agra, Inc., (Pink Sheets: JZZI) announced today that the company's subsidiary Farmica Africa Limited has signed a joint venture agreement and asset acquisition with Songo Lemon Grass Group in Sierra Leone, West Africa. The joint venture was formed to further cultivate the production of lemon grass, its byproducts and to take advantage of the expertise and know how of Songo's Chairman Mr. Mohamed Barry and to further utilize the expansive network and expertise of TK Agra to market the finished products.
Tony Khodadad, President of TK Agra stated, "This joint venture is a vital step in the development of Farmica Africa and its product lines. Mr. Barry has 40 plus years of experience in the production and development of healthy and organic products and will continue to bring his expertise and relationships to assist with the growing of additional crops such as green tea, papaya and coffee as well as develop additional product lines. The new relationship also has the benefit of the acquisition of Songo's lemon grass seedlings that gives Farmica Africa a tremendous asset and the ability to plant in excess of over 10,000 acres of lemon grass.
About TK Agra
TK Agra, Inc. is a producer, importer and exporter of agricultural products. Through it's subsidiary, Farmica Africa Limited it is a producer of lemon grass based products including tea, soap, an energy drink line, insect repellent and essential oil. The company intends on expanding its farming production to include turmeric, ginger, papaya, green tea, moringa and other products that are compatible with the climate of the West African Country of Sierra Leone. TK Agra, Inc., is a Leone Asset Management Company (SLOU). For additional information, please visit www.tkagra.com.
Forward-Looking Statements Disclosure:
This press release may contain "forward-looking statements" within the meaning of the federal securities laws. In this context, forward looking statements may address the Company's expected future business and financial performance, and often contain words such as "anticipates," "believes," "estimates," "expects," "intends," "plans," "seeks," "will" and other terms with similar meaning. These forward-looking statements by their nature address matters that are, to different degrees, uncertain. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can provide no assurances that these assumptions will prove to be correct. All forward-looking statements in this press release are expressly qualified by such cautionary statements, risk, and uncertainties, and by reference to the underlying assumptions.
SOURCE TK Agra, Inc.