ORO VALLEY, Ariz., July 10, 2017 /PRNewswire/ -- Novagen Ingenium Inc. (OTC-Markets: NOVZ) today announces the closing of the Sale and Purchase Agreement to acquire Syndicated Transport and Trucking Pty Ltd (Syndicated Transport) on 6 July 2017.
Syndicated Transport is an Australian transport operator that supplies transport and warehousing services to the building industry utilizing 12 vehicles, 4 warehouses and a staff of 18.
Syndicated Transport's primary brand, K Bees Transport is aggressively expanding operations and services and has recently opened a new warehouse in Lismore, NSW.
One of K Bees' most popular services is a "first to building site" early morning pallet delivery service. Products are loaded after orders are received overnight and in the early morning hours, then building products are delivered as trade workers arrive at building sites ready for work. The service continues all day as builder's product needs change.
"This a milestone achievement for Novagen as the company builds out the transport and trucking division," said Micheal Nugent, CEO. "While our core focus is the development of the AmerYcan™ Engine in the precision engineering division, our transport and trucking division is poised to be a strong profit center. Further, we currently have 4 pending contracts for the acquisition of targeted trucking operations to join the Syndicated Transport portfolio. It is our intention to set the base transport and trucking operations and then revisit the Letter of Intent signed with Wadleys Interstate Transport Pty Ltd in May of 2015.
About Novagen Ingenium Inc.
Novagen Ingenium, Inc. (OTC-Markets: NOVZ) is an industrial company which is engaged in the development and commercialization of new design geometric configuration engines, precision engineering services and industrial supply services including vehicle and labor supply to the transport industry.
Safe Harbor Statement
Statements made in this press release are forward-looking and are made pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995. Risk factors that could cause actual results to differ materially from those projected in forward-looking statements include, but are not limited to, general business conditions, managing growth, and political and other business risks. All forward-looking statements are expressly qualified in their entirety by this paragraph and the risks and other factors detailed in Novagen's reports filed with the Securities and Exchange Commission. Novagen undertakes no duty to update these forward-looking statements.
Contact: Micheal Nugent
Tel: +61 438158688
Cell: 310 994 7988
SOURCE Novagen Ingenium Inc.