ProGreen Accelerates HQ Move to San Diego
(firmenpresse) - BLOOMFIELD HILLS, MI -- (Marketwired) -- 05/10/17 -- ProGreen US, Inc. (ProGreen), (OTCQB: PGUS),, (at)ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon),.
It was previously disclosed, that ProGreen was planning to move its headquarters to San Diego by the end of summer 2017. As a result of the strong progress and milestones achieved with the agriculture as well as the real estate projects, the company is now planning the move for the month of June. Moving our operations to San Diego will considerably improve our ability to manage the Company''s quickly expanding activities in Baja. Due to increased efforts to sell our property portfolio in Michigan, the sale of the company''s largest property was closed on April 28, and two more are now under contract.
ProGreen is also pleased to announce that the company has established an office location in Ensenada, that will serve as headquarters for all of our activities in Baja California. Both Procon and Contel will operate from this location. Once the master plan for the 5000-acre oceanfront resort community is completed and the marketing of Cielo Mar commences, the office will also host a permanent property exhibition for the development.
"We are excited about the fast pace of progress, and with the move to San Diego, I will be able to have a more ''hands on'' approach in the growth of the business," states Jan Telander, President and CEO.
Additional information on ProGreen''s activities in the Baja agriculture industry and Cielo Mar can be found on the websites and social media listed below.
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About ProGreen US, Inc.
PROGREEN US, INC.,, based in Bloomfield, Michigan, is engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) as well as through its majority-owned Mexican subsidiary Procon Baja JV (Procon). Contel is now active in the high margin produce industry, growing crops for exporters to the US market, with an abundance of land available for expansion under our JV partnership. Procon has recently acquired 5,100 acres of land with 4.7 miles of oceanfront on the Bay of El Rosario, for which a master plan is being drawn for the development of a very large, totally green, international vacation and retirement community called "Cielo Mar."
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This press release might contain information, which may constitute ''forward-looking statements'' within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. ''Forward-looking statements'' are based upon expectations, estimates and projections at the time the statements are made that involve a number of risks, uncertainties and other factors that could cause actual results or events to differ materially from those anticipated.
ProGreen US, Inc.
Jan Telander
President and CEO
Phone: 1 (248) 805-3652
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Datum: 10.05.2017 - 06:00 Uhr
Sprache: Deutsch
News-ID 1503582
Anzahl Zeichen: 3701
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BLOOMFIELD HILLS, MI
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Natural Resource Management
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