PHOENIX, AZ / ACCESSWIRE / June 9, 2016 / BioNovelus, Inc. (ONOV) is pleased to announce the creation of BioNovelus-CostaRica, a legal entity that will register BioNovelus products for each country in Central America. The registration for Costa Rica should be achieved by the end of the third quarter of 2016.
BioNovelus President/CEO Jean Ekobo has presented biodegradable fungicide CR-10 to the Costa Rican Coffee Trade Association (ICafé). ICafé was chosen to continue testing on three major problems affecting the coffee industry: two fungi, coffee rust ("roya") and "ojo de gallo," and a pest, broca. No other product in the industry has been able to be effective against all three.
BioNovelus CFO, Mark Johnson, and Jean Ekobo met with a prominent distributor of agrochemicals, fertilizers, fungicides, seeds and spraying equipment that reaffirmed their commitment to becoming a distributor of CR-10 in Costa Rica, once the product is registered.
In addition to meeting with CoopeAgri, a cooperative of 14,000 coffee farmers, Jean Ekobo and Enrique Calderon, the local representative of BioNovelus, have met with several potential customers that serve Nestle (Nespresso) and Starbucks.
The success of the Costa Rica trip has prompted BioNovelus to schedule visits to Colombia, Mexico, Guatemala, and Honduras this summer. Colombia has 980,000 hectares of coffee plantations, (ten times more than Costa Rica), Mexico has 680,000 hectares, Honduras 282,000 ha, and Guatemala 276,500 ha. All these countries are affected by these coffee fungi and pests.
BioNovelus is among the four new startups in Arizona to have been selected for its potential growth, job creation, and business model, by the Center for Entrepreneurial Innovation (CEI), a Phoenix-based business incubator, to enter its program.
BioNovelus will receive in-house business development assistance from counselors, mentors and an entrepreneur-in-residence, as well as access to dedicated wet lab and office space, a robust network of investment and entrepreneurial partners, and onsite 3D printing and engineering services. Through August 2015, CEI member companies have created an estimated 145 jobs and earned over $29 million in revenues as well as $11 million in capital investment.
BioNovelus' new address is:
275 North Gateway Drive
Phoenix, AZ 85034
About BioNovelus Inc.
BioNovelus, Inc. (ONOV) is a biotech company that honors the environment with an innovative, cost effective, and disruptive technology-based solution to the problems of safety and cleanliness regarding food production and water supply.
For additional information: http://bionovelus.com
Please contact: Nathalie Ekobo,
Marketing & Communications Director
This news release includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2015 and beyond could differ materially from the Company's current expectations. Forward-looking statements are identified by words such as "anticipates," "projects," "expects," "plans," "intends," "believes," "estimates," "targets," and other similar expressions that indicate trends and future events.
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SOURCE: BioNovelus Inc.