LAS VEGAS, NV--(Marketwired - Mar 10, 2016) - Efftec International Inc., (OTC PINK: EFFI) is pleased to announce that it has formed a wholly owned subsidiary domiciled in Florida, with the ability to do business in any state. "Red Light Gardening Solutions, LLC (RLGS)" will focus on Agricultural Technology and Engineering by providing leased facilities, plant growth consulting services, defined process controls/measurements as well as nutrients and equipment from our core product line.
While our strategic plan is to provide such services and products to many agriculture services companies over a wide variety of industries, we are happy to announce that we have signed a three year exclusive agreement with an individual forming a not-for-profit LA based co-operative. Their stated focus is to grow high quality produce as well as support medical needs utilizing their approval to grow medical marijuana under California health and safety code section 11362.5. Under the agreement, RLGS will lease space in LA county California and provide a turnkey grow facility solution including processes, methods, nutrients, lighting and other needed equipment. RLGS expects to replicate this model, using a cookie-cutter approach, to create additional facilities as opportunities present themselves. The Company expects to receive recurring revenue from several sources, including lease payments, on-going outsourced consulting services as well as the sale of its core nutrient and lighting products. We expect this one project will return a minimum of $600K in revenue and, will net a profit of $300K+ over the life of the project.
Dr. John Morris Jr., CEO of Efftec International stated, "Utilizing our contacts in the indoor gardening sector we were able to identify a developing co-operative which needed funding to begin operations. We are pleased to help with this plant growth facility and look forward to helping others as they seek to grow local fruits, vegetables and flowers for healthy organic consumption."
Efftec International, Inc. (OTC PINK: EFFI) is a holding company whose mission is to continue its steady growth and become a market leader through strategic acquisitions and organic growth. The company's core business focus is on sales of hardware and nutrients into the hydroponics and indoor growth markets.
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