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Verde AgriTech Appoints Vice President of Sales

BELO HORIZONTE, Brazil, April 04, 2019 (GLOBE NEWSWIRE) -- Verde AgriTech Plc (NPK.TO) ("Verde” or the “Company”) is pleased to welcome Daniel Sabbag as Vice President of Sales. Mr. Sabbag is a sales professional with 30 years of experience in the agricultural sector, including major companies such as Fertilizantes Heringer SA (“Heringer”), Monsanto Company, Bequisa – Degesh Group and Cargill.  

More recently, Mr. Sabbag devoted 14 years to the fertilizer business while working at Heringer, one of Brazil’s three largest fertilizer companies. Heringer produces, commercializes and distributes fertilizers through multiple branches across the country.  

As a senior executive at Heringer, Mr. Sabbag was head of the sales department overseeing yearly revenues of USD 250 million.  Mr. Sabbag was responsible for trade operations throughout Brazil and led a team of over 30 professionals plus a network of 110 independent sales agents.

Among Mr. Sabbag’s successes was his leadership of the overall expansion of Heringer, when he opened 7 new fertilizer plants. He also oversaw the introduction of new product lines such as premium fertilizers.

Mr. Sabbag holds an MBA from FGV – Fundação Getúlio Vargas and a bachelor’s degree in Agronomic Engineering from ESALQ/ USP, Brazil.

President and CEO, Cristiano Veloso, commented: “We are proud that Mr. Sabbag has chosen to continue his career at Verde, given his many options in the Brazilian fertilizer sector. He will oversee continued sales success in 2019 and, above all, position the company for planned market expansions in 2020 and beyond.”

About Verde AgriTech

Verde promotes sustainable and profitable agriculture through the development of its Cerrado Verde Project. Cerrado Verde, located in the heart of Brazil’s largest agricultural market, is the source of a potassium-rich deposit from which Verde intends to produce solutions for crop nutrition, crop protection, soil improvement and increased sustainability.

For additional information please contact:

Cristiano Veloso, President & Chief Executive Officer

Tel: +55 (31) 3245 0205; Email: cv@verdeagritech.com

www.verdeagritech.com

www.supergreensand.com

Cautionary Language and Forward Looking Statements

Neither the TSX nor its regulation services provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. This press release contains certain "forward looking statements", which include but is not limited to, statements with respect to the future financial or operating performance of the Company, its subsidiaries and its projects, and statements regarding use of proceeds. Forward looking statements can generally be identified by the use of words such as "plans", "expects", or "does not expect" or "is expected", "anticipates" or "does not anticipate", or "believes", "intends", "forecasts", "budget", "scheduled", "estimates" or variations of such words or phrases or state that certain actions, event, or results "may", "could", "would", "might", or "will be taken", "occur" or "be achieved". Forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by said statements. There can be no assurances that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in said statements. Accordingly, readers should not place undue reliance on forward-looking statements.

For additional information with respect to these and other factors and assumptions underlying the forward-looking information made in this news release, see the Company’s most recent Annual Information Form and Management’s Discussion and Analysis, as well as other public disclosure documents that can be accessed under the issuer profile of “Verde AgriTech plc” on SEDAR at www.sedar.com. The forward-looking information set forth herein reflects the Company’s reasonable expectations as at the date of this news release and is subject to change after such date.  The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.  The forward-looking information contained in this news release is expressly qualified by this cautionary statement.