|By Marketwired .||
|December 16, 2013 04:30 PM EST||
DALLAS, TX -- (Marketwired) -- 12/16/13 -- Guar Global Ltd. (OTCQB: GGBL) ("Guar Global" or the "Company"), a company aiming to implement innovative strategies and methods to increase crop yields of guar, an organic gelling agent used extensively in hydraulic fracturing by the oil and gas sector, announced today it has received a detailed operations report from its regional farm management team.
The internal report was prepared by Ms. Jolly Masih B.Sc., M.B.A (Agribusiness), Manager of Strategic Planning for Guar Global Ltd., and which was reviewed and edited by Mr. Ganesh Prajapat B.Sc. (Ag.), M.B.A. (International Business), Manager of Farm Development & Research for Guar Global Ltd.
The report details the entire first crop cycle at the Hanumangarh research farm operated by Guar Global Ltd. To date it is believed that although Guar has been grown locally for centuries, there has never been any major research undertaken on the crop and this report represents several firsts. It is further intended that this report will lead to future studies encompassing wider agricultural practices and processing methodologies.
The report is focused on Guar Global's operations within a primary guar growing region centered around Leelawali Village situated 20 kilometers from Hanumangarh Town. The village is located in the administrative region of the Indira Gandhi Canal. Before the recent rise in Guar prices, the crop was farmed solely through rain-fed irrigation practices, and Guar Global has successfully led the initiative to introduce managed irrigation along with fertilization and pest controls as a means to increase crop yields.
The report includes numerous details and challenges. The results show how even a modicum of modern farm management techniques ultimately led to an initial crop of 46 metric tons of high quality guar seed. The test seed is now slated to serve as the foundation for our Guar Global Farmer/Partner cooperative program which aims to replicate our initiatives across the region and to bring a larger number of farm operations into our growing business model.
Mr. Michael Shores, Guar Global's CEO states, "We have learned immensely in this, our first season in Rajasthan. The report clearly encompasses the challenges we met and overcame, and the resulting data we have amassed is extremely beneficial. As an added and very important bonus, our work on the ground has led to many new relationships with regional farmers and industry leaders who now know that we are there to make a positive difference. This all combines to really kick-start our efforts for 2014 and we look forward to seeing even greater results in the coming months ahead."
Additional details regarding Guar Global, Ltd., its business, agreements and related matters are filed as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission ("SEC"), and are available at the SEC's website at www.sec.gov. For more information, visit our website at www.guarglobal.com.
About Guar Global, Ltd. (OTCQB: GGBL)
Guar Global is a research-driven development stage company aiming to implement new, modern strategies to increase yields of guar crops as a high quality product for the oil and gas sector. In the last two years, guar gum demand has tripled worldwide mainly because of its use in hydraulic fracturing activity, especially in the U.S. With no viable alternative to guar gum on the horizon, and demand remaining high, we consider the present guar industry ripe for significant growth. Guar Global believes it has identified a noteworthy opportunity to introduce new agricultural technologies aimed at increasing local farm productivity as an economic driver for the guar production sector. Find out more at www.guarglobal.com.
Cautionary Language Concerning Forward-Looking Statements:
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, future studies on planting guar crop, business strategy, growth of guar industry and introduction of new agricultural technologies to increase guar crop yield and production. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
On Behalf of the Board,
Michael C. Shores
Guar Global Ltd.