ZA Group, Inc. (ZAAG), Announces Vertical Farm Module Sales to Australia and New Zealand

Rhea-AI Summary

ZA Group, Inc. (OTC: ZAAG) announced a purchase order worth US$400,000 for two vertical farming modules from its subsidiary, E-Roots Manufacturing Inc. These modules will be delivered to Eden Growers Pty Ltd in Australia and New Zealand. The initiative aims to promote E-Roots technology in these regions, with strategic placements near agricultural distribution centers. E-Roots Manufacturing's management team, led by Chris Gongaware, is optimistic about the growth potential in these markets, while CEO John Morgan highlighted the company's commitment to becoming a leader in vertical farming equipment production.

Positive

• Secured a purchase order of US$400,000, indicating strong market demand.
• Expansion into Australia and New Zealand presents significant growth opportunities.
• Strategic positioning of farming modules near key distribution centers enhances market access.
• Experienced management team in E-Roots Manufacturing boosts operational credibility.

Negative

• None.

PENSACOLA, Fla., Aug. 15, 2022 /PRNewswire/ -- ZA Group, Inc. (OTC: ZAAG) ("ZAAG" or "the Company"), a company specializing in emerging industries acquisitions today announced that its subsidiary—E-Roots Manufacturing Inc—received a purchase order in the amount of US$400,000 for the supply of the first two vertical farming modules to the company's Australia and New Zealand partnership group—Eden Growers Pty Ltd. That company recently reported that they have generated considerable excitement within the country for their plans to bring the E-Roots vertical farming technology to their part of the world.  Michael Lee, their main spokesperson, commented, "These first two modules are going to be strategically located in a community with close proximity to agricultural produce distribution centers, and potentially the new Sydney international airport. We also have additional immediate plans to develop E-Roots Growtainer vertical farms in Rockhampton, a region in Queensland which is an established national and international food hub. Our strategy is to develop quickly in select locations within the country to foster rapid acceptance and geographic expansion of the E-Roots technology throughout our region of the world." Besides being a managing partner of Eden Growers, Mr. Lee is a professional hotelier and a former CIO 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. 

Chris Gongaware, Operations Manager of E-Roots Manufacturing Inc expressed that—"I am excited with the potential we have in Australia and New Zealand. Mr. Lee has assembled a very knowledgeable and enthusiastic business group that really understands the potential for vertical farming and is eager now to learn all the details. That's where we come in." It's an assignment that Mr. Gongaware is more than qualified to step into. He is an experienced horticultural specialist with a college degree in this sector and has gained significant growing and managerial experience in the hydroponic vertical farming sector. He has also been a managing partner in Grow Zone, a successful company with a 15 year history of supplying horticultural products as well as grower training and troubleshooting.

John Morgan, ZAAG CEO responded as follows to this latest announcement—"The team of professionals at  E-Roots Manufacturing is expanding their operations in order to establish the company as the leading manufacturer and supplier of all vertical farming equipment and supplies covering everything from seeds to final product packaging and sales. This latest announcement is evidence of plans being fulfilled. Furthermore, the company has a demonstrated team of professionals capable of achieving those results."

About ZAGroup, 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  

Forward-Looking Statements

Forward-looking statements and risks and uncertainties discussed in this press release may contain forward-looking statements. The words "anticipate," "believe," "estimate," "may," "intend," "expect," and similar expressions identify such forward-looking statements. Expected, actual results, performance, or achievements could differ materially from those contemplated, expressed, or implied by the forward-looking statements contained herein. Forward-looking statements are subject to a number of risks and uncertainties, including but not limited to, risks and uncertainties associated with, among other things, the impact of economic, competitive, and other factors affecting our operations, markets, products, and performance. The matters discussed herein should not be construed in any way, shape, or manner of our future financial condition or stock price.

 

View original content:https://www.prnewswire.com/news-releases/za-group-inc-zaag-announces-vertical-farm-module-sales-to-australia-and-new-zealand-301605492.html

SOURCE ZA Group, Inc.

FAQ

What is the recent purchase order announced by ZA Group, Inc. (ZAAG)?

ZA Group announced a purchase order of US$400,000 for two vertical farming modules to be supplied to Eden Growers Pty Ltd in Australia and New Zealand.

How will the purchase order impact ZAAG's business operations?

The purchase order is expected to enhance ZAAG's market presence in Australia and New Zealand, potentially driving further sales and expansion.

Who is E-Roots Manufacturing, Inc. in relation to ZA Group, Inc. (ZAAG)?

E-Roots Manufacturing Inc. is a subsidiary of ZA Group, focused on the manufacturing of vertical farming solutions.

When was the purchase order for vertical farming modules announced by ZAAG?

The purchase order was announced on August 15, 2022.

What is the significance of the vertical farming modules for ZAAG?

The vertical farming modules represent a strategic entry into the emerging market for sustainable agriculture in Australia and New Zealand.