ZA Group, Inc. (ZAAG), Announces Vertical Farm Module Production Facility To Receive Numerous Orders Destined For Australia and New Zealand

Rhea-AI Summary

ZA Group, Inc. (OTC: ZAAG) announced a significant move with a 60% acquisition of E-Roots Manufacturing and an exclusive license agreement for vertical farming modules in Australia and New Zealand. The partnership with a leading investment group aims to enhance local food security by introducing advanced vertical farming technology. E-Roots Manufacturing expects new opportunities in the region, and ZAAG's CEO emphasized the global potential of this innovative business model.

Positive

• 60% acquisition of E-Roots Manufacturing enhances ZAAG's portfolio in vertical farming.
• Exclusive license agreement for Australia and New Zealand opens new market opportunities.
• Investment group's commitment to finance vertical farming modules underlines strong market interest.
• E-Roots Manufacturing anticipates new partnerships, boosting potential for further expansion.

Negative

• None.

PENSACOLA, Fla., May 17, 2022 /PRNewswire/ -- ZA Group, Inc. (OTC: ZAAG) ("ZAAG" or "the Company"), a company specializing in emerging industries acquisitions with an emphasis in the direct to consumer apparel and manufacturing self-sustainable farms, today announced significant new developments following the recent announcement of the 60% acquisition of E-Roots Manufacturing Inc by ZA Group.  An exclusive license agreement has been finalized for the countries of Australia and New Zealand and a number of orders are about to be issued to E-Roots Manufacturing for the supply of vertical farming modules to those countries. This follows several months of information exchange and discussions with the investment partnership group headquartered in Australia and whose principal partners have ownership of The Banyan Tree Group—one of the world's leading independent, multi-branded hospitality groups, respected for their purpose-driven approach centred on well-being and sustainability. Michael Lee, professional hotelier and main spokesperson for the group reported that they are attracted to the advanced vertical farming concepts that have been developed  and refined by E-Roots Manufacturing. Following signing of the documents, Mr. Lee commented, "We are excited about bringing the E-Roots vertical farming modules into our countries and our commitment includes the financing to underwrite all the facilities. In-house business plan preparation is well underway and we anticipate issuing purchase orders soon for the manufacture, delivery, and installation of the first of many E-Roots modules."

In responding to this announcement, E-Roots Manufacturing has stated that, "Over the past 12 months, our brand and its success have become recognized all over the world. When we were approached by our new partners in Australia, we knew of their  success with innovative businesses and our ensuing discussions have reinforced our excited optimism. We anticipate many new opportunities with our partners in Australia/New Zealand and our ZAAG shareholders can expect to see similar announcements soon about new partnerships in other countries."

John Morgan, ZAAG CEO responded as follows to this latest announcement—"Local food security has quickly become a world-wide phenomenon. Our recently announced acquisition of E-Roots Manufacturing followed our own due diligence review of the company and its in-house vertical farming technology and our belief that we had a winning team. Today's announcement demonstrates the massive world-wide potential of a timely business model and its technology."

About ZA Group, Inc. (ZAAG) ZA Group, Inc. is a company specializing in emerging industries acquisitions with an emphasis in the direct to consumer apparel and manufacturing self-sustainable farms. Its goal is to take its  brands to the next level whether to own, license, or manage. Currently ZA Group, Inc. owns 60% of E-Roots Manufacturing, Inc., to manufacture self-sustaining vertically integrated farms, and NFID as a wholly owned subsidiary, an online retail outlet offering apparel (visit website).

To learn more, please visit: www.zagroupusa.com 

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SOURCE ZA Group, Inc.

FAQ

What is the significance of ZAAG's acquisition of E-Roots Manufacturing?

ZAAG's 60% acquisition of E-Roots Manufacturing enhances its portfolio in vertical farming, positioning the company for growth in sustainable agriculture.

What new markets is ZAAG entering with the E-Roots agreement?

ZAAG has entered exclusive agreements to supply vertical farming modules to Australia and New Zealand.

What is the expected outcome of the partnership between ZAAG and the investment group in Australia?

The partnership is expected to enhance local food security and introduce innovative vertical farming technology.

How will the recent developments impact ZAAG's shareholders?

ZAAG's shareholders can expect potential growth and new partnership announcements that may increase the company's market presence.