Saskatoon, Saskatchewan and
Winnipeg, Manitoba
August 11, 2006
AGROTAIN International LLC and
Philom Bios Inc. wish to
advise their joint customers of their intention to conclude the
exclusive marketing agreement for sale of AGROTAIN products in
Canada. Under the term of this
agreement, Philom Bios will continue to hold exclusive marketing
and sales rights up to December 31, 2006 with provision for a
further ten months past that date of nonexclusive sales rights.
Calvin Sonntag, Philom Bios Inc.
President/CEO, comments,”We have enjoyed serving our existing
and new customers in the Stabilized Nitrogen market and our
relationship with AGROTAIN International. This change doesn’t
impact our future operations or business strategies. We remain
committed to serving the needs of our customers with our leading
proprietary fertility efficiency tools today and look forward
with excitement to further product developments that promise to
serve their evolving needs.”
Norm Davy, Canadian Market Manager
AGROTAIN International LLC, states, “The team at Philom Bios Inc
has done a good job in the last three years of growing our
business in Canada. As we assume a direct marketing role in this
market in 2007 and recognizing the growing acceptance of
Stabilized Nitrogen technologies in all global markets, AGROTAIN
International LLC is committed to scaling up resources in people
and capital to best serve our customers’ needs”.
Mike Stegmann, President AGROTAIN
International LLC., comments, “Our Agricultural business
continues to grow and to maximize its efficiencies we needed to
remove the differing border channel strategies within our North
American Ag Group. This change will bring significant
efficiencies within our organization and help us deliver a much
more seamless high value offer to our North American customers.”
AGROTAIN International, L.L.C.
manufactures and markets nitrogen fertilizers containing
AGROTAIN, a patented nitrogen stabilizer that reduces urea and
urea ammonium nitrate losses in Agricultural and Turf &
Ornamental market segments. AGROTAIN International is the
world’s largest producer of StabilizedNitrogen fertilizers.
Marketed under the brands AGROTAIN, AGROTAIN PLUS, SuperU, UMAXX
and UFLEXX, StabilizedNitrogen fertilizers contain proprietary
nitrogen stabilizer technology. This award winning technology
has a proven track record, backed by worldwide research studies.
AGROTAIN International’s StabilizedNitrogen fertilizers reduce
nitrogen losses, and extend plant-available nitrogen for
healthier plants and higher yields. AGROTAIN International’s
products are currently licensed or sold through Agricultural,
Turf & Ornamental or Industrial partners in over 55 countries.
AGROTAIN International is headquartered in St. Louis, Missouri,
USA.
Philom Bios is a world leading
Inoculant Company with over 70 employees across North America in
a wide range of research, manufacturing, marketing, and
management positions. Headquartered in Saskatoon, SK, Philom
Bios is a Canadian public company serving the needs of farmers
with high value inoculants. Philom Bios has a 20+ year
commitment to farmers through a dynamic partnership with
distributors and leading retailers. |