SILVERDALE, WA / ACCESSWIRE / September 29, 2014 / CGrowth Capital, Inc. (OTC Pink: CGRA) (the "Company") is pleased to announce that it has completed the processing of its first bulk sale dolomite order of the season. The 800 ton minimum order is the second consecutive year order with the agricultural supply broker at $54 per ton FOB for an initial contract value of $43,200. The purchase order validates the effectiveness of the product and has opened up discussions with the broker to provide a super sack product to replace their existing limestone contracts which are in excess of 10,000 tons annually. The total domestic limestone market is in excess of $1 billion annually.
The Company's dolomite supply, estimated in excess of 250 million tons, is a magnesium dolomite which is generally regarded as a higher grade material. The quality of agricultural limestone is determined by the chemical makeup of the limestone and how finely the stone is ground. To aid the farmer in determining the relative value of competing agricultural liming materials, the agricultural extension services of several universities use two rating systems. Calcium Carbonate Equivalent (CCE) and the Effective Calcium Carbonate Equivalent (ECCE) give a numeric value to the effectiveness of different liming materials. The CCE compares the chemistry of a particular quarry's stone with the neutralizing power of pure calcium carbonate. Because each molecule of magnesium carbonate is lighter than calcium carbonate, limestones containing magnesium carbonate (dolomite) can have a CCE greater than 100 percent (Wikipedia). Among the many other applications, dolomitic lime may be used as a soil input to provide similar effects as agricultural lime, while supplying magnesium in addition to calcium.
"This is a big ship that is just beginning to leave the harbor," stated Bill Wright, CEO of CGrowth Capital, Inc. "Mobilizing assets that are this extensive and establishing contracts with new customers takes time but generally results in long term commitments. As we pick up momentum and start to tap into these markets it will be really exciting to watch sales and revenues begin to multiply exponentially. Capturing a percentage of the billion dollar dolomite industry is a priority for the Company and we are headed in the right direction."
The Company is also pleased to announce that one of its returning customers has fulfilled the purchase of the first half of its annual commitment of gravel under a 5 year agreement. The agreement is for a total of 66,000 yards with a contract value of $100,000. The Company is not required to perform any work in the fulfillment of the contract.
For more information about CGrowth Capital, visit their website: http://www.CGrowthCapital.com
About CGrowth Capital, Inc.:
CGrowth Capital, Inc. serves as a holding company for businesses and assets focused on all aspects of mining, minerals, and exploration. The processing of metal ore mining, mineral and specialty rock extraction, as well as oil and gas production, are multi-billion dollar market opportunities which is capitalized on through processing, sales, contracting and licensing of assets. CGrowth Capital's services and solutions are designed to assist land owners with monetizing undervalued assets by bringing commodities such as gold, silver, oil and gas, dolominte, and terrazzo to market. CGrowth Capital will focus on acquiring or "claiming" land assets, while also providing partners and affiliates with management services, capital, contract management and logistical services necessary for the successful execution of mining operations.
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Statements about the Company's future expectations and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbors created thereby. The above information contains information relating to the Company that is based on the beliefs of the Company and/or its management as well as assumptions made by and information currently available to the Company or its management. When used in this document, the words "anticipate," "estimate," "expect," "intend," "plans," "projects," and similar expressions, as they relate to the Company or its management, are intended to identify forward-looking statements. Such statements reflect the current view of the Company regarding future events and are subject to certain risks, uncertainties and assumptions, including the risks and uncertainties noted. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove to be incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended or projected. In each instance, forward-looking information should be considered in light of the accompanying meaningful cautionary statements herein. Factors that could cause results to differ include, but are not limited to, successful performance of internal plans, the impact of competitive services and pricing and general economic risks and uncertainties. The Company disclaims any obligation to update or revise any forward-looking statements.
SOURCE: CGrowth Capital, Inc.