RE: updateIBR WILL PUT OUT A NEWS RELEASE ONLY WHEN THEY RECEIVE THE FIRST INSTALLMENT PAYMENT FOR THE NJ PLANT. BY THE WAY, IT'S $264,000 IN MONTHLY INSTALLMENTS NOT MONTHLY. HERE'S A LITTLE MORE.
"During the construction and start-up period, we plan to negotiate and execute a plant management agreement prior to commencement of facility operations. We will continue to develop relationships and negotiate purchase agreements for our end products in the agribusiness, turf management, and retail markets.
We have discussed our products with manufacturer’s representatives that sell products to ‘‘big box’’ retailers as well as other appropriate retail outlets. We are developing a comprehensive retail-marketing plan that will likely also include electronic marketing and Internet sales sites as distribution channels.
Alternatively, we may elect to join a proposed marketing cooperative called Genica, established to support IBRC plant licensees who, like us, intend to produce all-natural soil amendment products using the IBRC process. IBRC plans to form Genica to serve as the marketing, sales, distribution, research and development organization for products produced globally using IBRC’s technology."
'GENICA'IS IBR'S CENTRAL FERTILIZER MARKETING ORGANIZATION FOR ALL FUTURE PLANTS. INTERESTING.