BARRANQUILLA, COLOMBIA--(Marketwired - Jul 27, 2016) - New Colombia Resources, Inc. (OTC PINK: NEWC), a Colombian company listed in the U.S., is pleased to announce that Sannabis SAS, their Medical Marijuana joint venture, will work with CORPROPAZ to develop hemp fields in 5 different areas of Colombia for a pilot program to create new hemp industries in post conflict zones. CORPROPAZ (Promoters of Peace Corporation) is a nonprofit organization whose objective is support of sustainable peace through investment in productive projects focused on vulnerable populations that result from the conflict in Colombia.
CORPROPAZ posted on their website their interest in promoting industrial hemp cultivation and their collaboration with New Colombia Resources Inc. and Sannabis SAS with an agreement expected to be signed this week. http://www.corpropaz.org/public_html/Noticias.html
The pilot program is to be planted in the coming weeks in 5 areas of Colombia with different thermal floors with the purpose of analyzing costs of production, productivity, harvest times, and in general the specific conditions for each condition of environment and soil. CORPROPAZ and Sannabis plan to work with titans of industry in Colombia including cement companies, paper manufactures, and clothing and apparel companies that have shown an interest in this project. New Colombia Resources believes this is a huge step in creating a sustainable hemp industry in Colombia that generates jobs in much needed areas while supplying the world with quality hemp and its byproducts. The company is in contact with major corporations in the U.S interested in learning more about importing hemp products from Colombia. This pilot program will establish price points from which to work from and provide a reliable supply chain.
Alfredo Navas, Director of CORPROPAZ, has demonstrated a clear vision of working with Sannabis and New Colombia Resources on developing hemp industries in rural areas so that ex-combatants and soldiers do not rush to the big cities after the armed conflict has ended. Without sustainable jobs in rural areas an increase in crime in the major cities becomes a reality. With a base of 3200 hectares, CORPROPAZ is setting up a pilot project in Puerto Gaitan, Meta assembling a plant to produce bio ethanol from sweet sorghum. This culture can produce bio ethanol, electricity from burning bagasse left after the removal of alcohol, and fodder for livestock from leaf and panicle.
New Colombia Resources, Inc.
New Colombia Resources, Inc. is focused on the acquisition and development of high-quality metallurgical coal properties and other available resources in the Republic of Colombia. They expect to have several revenue producing businesses including; metallurgical coal mining and rock quarry aggregates for domestic Colombian highway and railroad building projects. The Company owns 100% of La Tabaquera metallurgical coal mine in Colombia with an estimated 15- 17 million tonnes of reserves. They have another pending acquisition for 390 ha and a solicitation contract for 184 ha metallurgical coal concession. New Colombia Resources also holds a significant position in Sannabis SAS which legally produces medical marijuana products in the Republic of Colombia, visit www.sannabis.co. For more information on the Company visit www.newcolombiaresources.com.
Forward Looking Statements
Forward Looking Statements; This Press Release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. A statement containing works such as "anticipate," "seek," intend," "believe," "plan," "estimate," "expect," "project," "plan," or similar phrases may be deemed "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Some or all of the events or results anticipated by these forward-looking statements might not occur. Factors that could cause or contribute to such differences include financing, the future U.S. and global economies, the impact of competition, and the Company's reliance on existing regulations. New Colombia Resources, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements.