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CGS International (OTC PINK:CGSI) announced a significant corporate action, returning 30,000,000 shares of common stock to authorized but unissued status. This cancellation reduces the total from 46,990,013 to 16,990,013 shares, marking a 63.84% decrease. In exchange, the company issued 3,000,000 shares of Series A Preferred Stock, which carries a voting power of 100 to 1. The CEO expressed optimism about this move, emphasizing its role in achieving the company's long-term goals and enhancing its capital structure as they prepare for future operations.
CGS International, Inc. (OTC PINK: CGSI) is advancing its growth strategy by seeking organic certifications for its flagship products, GENESIS 89 and GENESIS 89 GOLD, aimed at enhancing market acceptance. The company has filed documentation to establish World Agri Minerals as its operating subsidiary in the Philippines. CGSI plans to pursue organic certification in various countries, starting in the Philippines, to promote its products as 'Certified Organic'. The firm also intends to showcase its products at the Fruit Logistica Convention in Berlin, Germany, in February 2022.
CGS International, Inc. (OTC PINK:CGSI) announced updates on its flagship products, GENESIS 89 and GENESIS 89 GOLD, both organic bio-stimulants designed to enhance crop growth. These products improve nutrient uptake, increase photosynthesis, and support soil health. The company is pursuing trademark registrations in the Philippines and the U.S. for these products and recently filed a Form 8-K with the SEC to exit 'shell status'. CEO Ramon Mabanta emphasized their commitment to organic practices and compliance as operations ramp up.
CGS International, Inc. (OTCMarkets:CGSI) announced the appointment of Mr. Bernardo Raymundo as its new Chief Operating Officer. With over 20 years of experience, Raymundo aims to enhance CGSI's leadership amidst its strategic vision to develop ocean-based mineral plant foods. Previously, he managed operations at CropBioLife and led Wynergy Asia Pacific Corporation. CEO Ramon Mabanta expressed confidence in Raymundo's expertise to propel the company forward. CGSI focuses on organic plant enhancers, notably the GENESIS 89™ product line, known for its high concentration of seawater-harvested minerals.
CGS International (OTC PINK: CGSI) has successfully acquired the rights to organic plant enhancers from World Agri Minerals (WAM). The Asset Purchase Agreement concluded on October 11, 2021, signifies CGSI's strategic expansion into organic agriculture. The GENESIS 89 product line, rich in 89+ minerals, enhances plant immunity while reducing reliance on fertilizers and pesticides. Future operations will be conducted under the name World Agri Minerals. More details are available in the Form 8-K filed with the SEC on October 12, 2021.
