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POINTERRA LIMITED — Capital/Financing Update 2008
Oct 27, 2008
64255_rns_2008-10-27_c4f2b689-ff66-43cc-a746-2c83d8513988.pdf
Capital/Financing Update
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SOIL SUB TECHNOLOGIES LIMITED ABN 39 078 388 155
ASX AND MARKET ANNOUNCEMENT 28 October 2008
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NUTRIMIX™ MIDDLE EAST HEADS OF AGREEMENT SIGNED
Soil Sub Technologies Limited (“Soil Sub”) advises that it has signed a Heads of Agreement (“HoA”) with a major organisation which has an extensive network throughout the Middle East region for the promotion and sale of NutriMix™.
Under these Heads of Agreement a joint venture company has been formed and a Shareholders’ Agreement is in the process of being finalised.
Further details of the arrangement will be released once the negotiations have been completed and a contract signed.
For further information, contact Graeme Scott, Executive Chairman
About Soil Sub Technologies Limited:
Soil Sub Technologies Limited has developed intellectual property rights including patents enabling it to manufacture and market, a highly water retentive, nutrient efficient fully organic growing medium product under the brand name “NutriMix[™] ”. NutriMix[™] is manufactured from renewable waste resources produced by the processing of other agricultural products which are available in abundance in many parts of the world.
The efficacy of NutriMix[™] has been shown in independent international trials, while the commercial utility has been demonstrated in the Company’s first licence agreement in June 2007 for the use of the product in a Chinese government sponsored bio-diesel project in the Jiangxi Province.
Soil Sub Technologies Limited Suite 18, 30 Park Road Milton QLD 4064 Telephone +61 (0)7 3368 3557 Fax + 61 (0)7 3368 1138 Email [email protected]