
HOLBROOK, N.Y., March 31 /PRNewswire-FirstCall/ -- Med Gen Inc. (Pink Sheets: MDIN) announced today that its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc., has signed a Multi-Million dollar listing agreement to intermediate the sale of several agricultural properties located in Colombia plus Central American countries. The properties consist of over thirty coffee producing plantations, several fruit bearing farms and even a small island.
The agreement outlines NorthStar's rights to list the properties on behalf of the seller and represents as much as a ten percent commission upon sale to the company which translates into well over ten million dollars. This is NorthStar's first international listing and the Company has plans to expand very quickly to grab global market share.
"NorthStar has a tremendous opportunity here to be the top provider of business intermediary services," said Med Gen CEO and founder of NorthStar, Raymond Barton. "This represents the very tip of the business brokerage iceberg, and NorthStar has the technology, infrastructure, and talented personnel to lead the industry."
The client was procured by one of NorthStar's senior brokers, Joseph Knoll, who is currently in talks with almost a dozen similar clients, several of them representing multi-million dollar deals. These properties are not yet listed on the NorthStar website, as the company is working on customized presentations for the client.
Due to the influx of interest, the company urges anyone interested in the Properties to call 1-877-570-1581 and a senior broker will return requests for information. Investors are encouraged to visit www.medgeninc.com for future news and information regarding the Company.
About Med Gen Inc. and NorthStar Business and Property Brokers.
Med Gen Inc. went public in 1997 and distributed health related products. Business wound down in 2008 but was recently revived earlier this year through its wholly owned subsidiary, NorthStar Business and Property Brokers, Inc., a private company engaged primarily in business brokering.
Contact: |
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Lorin R. Streim, Esq. |
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Med Gen Inc. Holbrook, NY 11741 |
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1-877-570-1581 (ph & fax) |
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SOURCE Med Gen Inc.
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