New Colombia Resources Inc. Enters Into a Collaboration Agreement With Farmatech S.A. for Research and Development of Topical Cannabis Based Medicines in Colombia The Company is in discussions with Cannabis Science, Inc. (CBIS) to oversee research in Colombia.
MIAMI BEACH, Fla., May 15, 2014 /PRNewswire/ -- New Colombia Resources, Inc. (OTCQB: NEWC) ("New Colombia" or "the Company"), a U.S. company with coal and other resource assets in Colombia, is pleased to announce an agreement of collaboration with Farmatech S.A., of Medellin, Colombia, for the research and development of topical cannabis based medicines to treat skin cancer and other ailments in Colombia.
Farmatech S.A. is a pharmaceutical laboratory that collaborates with private companies, universities, institutions and NGOs. Their mission is to manufacture medicines as well as cosmetic and veterinary products, both proprietary and by contract. New Colombia Resources is in discussions with Cannabis Science, Inc. (OTCQB: CBIS) to oversee research in Colombia once the protocols are established by Farmatech S.A.
Farmatech S.A. is GMP certified by INVIMA (National Institute of Food & Drug Vigilance) for the production of the following dosage formulations:
Solids: Tablets with or without cover, hard gelatin capsules, lozenges, effervescent powders and granules.
Semisolid: creams, gels and ointments; bulk manufacture of suppositories.
Liquid solutions, emulsions, and suspensions.
Non lactic antibiotics: Solid powder.
Farmatech S.A. has a manufacturing certificate from INVIMA for cosmetic liquids, creams and gels.
In association with Dr. Robert Melamede PhD, President of Cannabis Science Inc., New Colombia will work with Farmatech S.A. to develop products using formulations and processes specific to the ailment being treated. For more information on Farmatech S.A., visit www.farmatech.com.co.
"Dr. Bob Melamede and I first approached the owners of Farmatech S.A. to research cannabis based formulations in 2010, we all feel now is the right time to develop and market these products. We look forward to collaborating with Cannabis Science Inc, the Phoenix Tears Foundation, and Farmatech S.A. to bring new products to market," stated John Campo, President of New Colombia Resources, Inc.
About New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including: metallurgical coal mining, African palm distribution, and traditional and organic coffees. They own 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15-17 MM tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. In May 2014 they are planting 3,000 African palm trees to use as a showcase for a seedling and fertilizer distribution business. Once the necessary financing is obtained, the Company plans to have additional revenue producing business units in Colombia: coal mining, coking oven facilities, docks, river, and rail transportation to export terminals in Colombia. For more information on the Company visit www.newcolombiaresources.com.
Transportation, Logistics and Other Information
New Colombia Resources intends to sell their coal at the mine's gate unless they enter into off-take agreements. Upon proper financing, the Company plans to build or acquire river or rail loading facilities on the Magdalena River close to their mines. The coal will be trucked to these distribution centers, and then barged via the Magdalena River or by rail to terminals in Barranquilla, Santa Marta, or Cartagena for export. Initially they will use existing logistics providers while their transportation projects are being developed. After the rail projects and the "Road to the Sun" project are completed, New Colombia Resources will have one of a few metallurgical coal mines in the world with river, rail, and road access to coal export terminals on both the Atlantic and Pacific Oceans.
Forward-Looking Statements: This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing words such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.
New Colombia Resources, Inc.
New Colombia Resources, Inc., mining subsidiary
Cia. Minera San Jose Ltda.
Kra. 3 # 2-52
SOURCE New Colombia Resources, Inc.