LAS VEGAS, NV / ACCESSWIRE / January 18, 2017 / South American Gold Corp. (OTC PINK: SAGD) announced in August of 2016 that it had signed an agreement to become the exclusive South American distributor of Microbial Mojo GoGo, an agreement that the company estimates could easily lead to over one million dollars in new revenue to the company. The success this product has demonstrated has led to the company turning its focus to include the marketing of this product in North America.
Microbial Mojo GoGo is a unique liquid fulvic and humic acid extracted through a patented process. This unique extraction process amplifies the known effectiveness of liquid humic acids on plant growth by leaving the naturally occurring growth hormones intact. The product can deliver a physiological response in plants that can be seen in as little as 30 minutes after foliar application and growth responses that can be seen with the naked eye in as little as 24 hours.
"This product has been accepted so well and developed so much interest, that we are now going to turn our eyes to certain markets in North America," said SAGD's CEO, Joseph Thompson.
South American Gold Corp anticipates distributing the product into the produce markets in the United States and is specifically targeting farmers who are growing produce for human consumption. Originally the company began marketing the product to the cannabis industry in Uruguay, but the response in other sectors has been equally impressive and has caused the company to expand their marketing efforts.
"The applications for this product reach far beyond just the cannabis industry as Mojo Gogo product tests have proven that it has huge impact on corn, soybeans, rice and other crops," Mr. Thompson stated. "Our sites are much higher, the traditional cannabis operation is very small while a traditional corn or soybean farm is very large and that industry has many more participants. Ultimately our goal is to expand this exclusive agreement to allow us to market this product into the mainstream agricultural space which would exponentially increase our sales, and the revenue and profits would expand accordingly."
About SAGD: South American Gold Corp is focused on becoming the premiere provider of value added products and services for the cultivation and processing of legal cannabis for the South American medical and recreational markets with an initial focus on the Uruguayan market.
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This release contains forward-looking statements that are based on beliefs of South American Gold Corp. management and reflect South American Gold Corp.'s current expectations as contemplated under section 27A of the Securities Act of 1933, as amended, and section 21E of the Securities and Exchange Act of 1934, as amended. When we use in this release the words "estimate," "project," "believe," "anticipate," "intend," "expect," "plan," "predict," "may," "should," "will," "can," the negative of these words, or such other variations thereon, or comparable terminology, are all intended to identify forward looking statements. Such statements reflect the current views of South America Gold Corp. with respect to future events based on currently available information and are subject to numerous assumptions, risks and uncertainties, including but not limited to, risks and uncertainties pertaining to development of mining properties, changes in economic conditions and other risks, uncertainties and factors, which may cause the actual results, performance, or achievement expressed or implied by such forward looking statements to differ materially from the forward looking statements. The information contained in this press release is historical in nature, has not been updated, and is current only to the date shown in this press release. This information may no longer be accurate and therefore you should not rely on the information contained in this press release. To the extent permitted by law, South American Gold Corp. and its employees, agents and consultants exclude all liability for any loss or damage arising from the use of, or reliance on, any such information, whether or not caused by any negligent act or omission. This press release incorporates by reference the Company's filings with the SEC including 10K, 10Q, 8K reports and other filings. Investors are encouraged to review all filings. There is no assurance South American Gold Corp. will identify projects of merit or if it will have sufficient financing to implement its business plan. There is no assurance that the Company's due diligence on the potential acquisition of oil and gas assets will be favorable nor that definitive terms can be negotiated. Information in this release includes representations from the private companies referred to which has not been independently verified by the company. A downturn in oil prices would affect the potential profitability of the proposed acquisition negatively.
SOURCE: South American Gold Corp.