Rancho Bernardo, California
November 8, 1999Eco Soil Systems Inc. announced today that it has signed
a letter of intent with Cebeco Seeds
Group to jointly evaluate the use of Eco Soil's products in the European market.
This letter of intent will cover different plant categories, including turf, horticultural
and ornamental
uses and also provide testing of the biological programs.
William B. Adams, Chairman and CEO of Eco Soil Systems, said: ``We have been exchanging
information under confidentiality agreements for months with Cebeco and believe that
today's
announcement marks the beginning of a very exciting time for Eco Soil. We believe there is
no better partner to advance our technology into Europe and the greenhouse market than
Cebeco.''
Eco Soil develops, markets and sells proprietary biological and traditional chemical
products that
provide solutions for a wide variety of turf and crop maintenance problems in the golf and
agricultural industries. Their proprietary products evolve from the BioJect®. These
products, along
with standard turf maintenance products, are sold to nearly 40% of America's golf courses
through Eco Soil's Turf Partners subsidiary, and are sold to the agricultural market,
along with irrigation products, through its Agricultural Supply subsidiary.
Cebeco Seeds Group is part of the Cebeco Group UA, based in the Netherlands, a $4 billion
corporation involved in the use and distribution of agronomical products. When combined
with its
member cooperatives, the Cebeco Groups revenues exceed $7 billion, utilizing a 40,000
greenhouse grower network engaged in the development of seed, seedlings, bulbs, food and
animal feed.
Company news release
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