CAIRO, Sept. 28, 2011 /PRNewswire/ -- Golden Avatar / The company has entered into an agreement to license certain of its proprietary technologies for sales and development in Canada to a public company, Greenfab Build Systems Inc. ("Greenfab"). The purpose of the agreement is to expedite financing and marketing of the Company's technologies using the advantages of raising capital through a publicly traded company. The company has also entered into a contract with DAG Consulting Corp., a corporate finance boutique owned by a principal of Greenfab, to recommend and implement a plan to become a publicly listed company in Canada. DAG Consulting Corp. has managed the listing of dozens of companies on Canadian Stock exchanges the past 10 years and more recently has been responsible for numerous listings on the Canadian National Stock Exchange.(www.cnsx.ca.)
Dr. Parvin Saadati, Chairman of Golden Avatar, "Our core sectors are concentrated in environmental technologies for the application of Zeolite for use in organic agriculture in Africa and the Middle East, which may double harvest yield. Farming practices, lack of water management, deforestation and climate change are turning vast stretches of the Earth into barren deserts, source; United Nations. Land degradation in dry places have affected g.6 billion hectares – a quarter of the world's land area - and a billion people. Continued land degradation, is a threat to food security, leading to starvation among the most acutely affected ... and robbing the world of productive land. Zeolite, is a natural mineral that could make a giant impact in transforming the deserts of Africa and the Middle East into a green garden paradise."
Erich Hauser, President & CEO, Golden Avatar / "We have developed Ground- Breaking Green Ocean Technology (GOT) Oil Spill Technology that turns crude oil into protein through photo magnetic resonance, disintegrating the molecular bonds of the oil. It is designed to clean-up oil spills, while protecting the environment in a safe and cost effective manner. It is estimated that there are in excess of 70 aging oil rigs similar to (BP) Deepwater Horizon in the Gulf, and that a similar fate awaits the Northern Hemisphere's oceans and the rest of the world in the future."
With the introduction of the above environmental technologies, humankind moves another step closer in realizing its vision of greening the deserts and healing the oceans for the benefit of humans, animals, mammals and the environment alike.
This news release shall not constitute an offer to or the solicitation of an offer to buy, nor shall there be any sale of these securities in any province in which such an offer, solicitation or sale would be unlawful prior to registration.
SOURCE Golden Avatar