Make your own mind!
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I spoke with a very ebullient Paul Metzinger this afternoon. He indicated that he had just gotten off the phone with our JV partner and confirmed that the lease has just been signed for the YBG production facility. It is in a brand new (just completed) building in an industrial park area of Hinesville, Georgia (near Savannah). You can see pictures at the JV's website (to which RW has already posted a link: www.bioagra.net ).
Paul stated that the supposed end-of-February deadline is not a concern with our partner. (I interpret this to mean that NPCT did not make an additional payment for an extension, but that both sides are proceeding together on good faith). Paul is fully confident that the funding is in place for NPCT's financial commitment to the deal, and expects the money to be in hand within two to three weeks. Assuming that happens as expected, I asked how long it would be before they were able to start pushing product out the door. Paul's answer: 90 to 120 days.
Although YBG is beneficial as a dietary additive for many other kinds of critters, the intial focus will be on poultry. Paul emphasized that there are firm commitments to purchase more than 100 percent of the output capacity of the first production line.
Poultry is very big business in Georgia and very important to the state's economy. It is the #1 state in the U.S. for poultry production and processing. State and county officials have been highly supportive of this project. They are very enthused about it and will soon be helping to publicize it. The University of Georgia is widely viewed as having the top experts in poultry science and they are also involved.
On the international front, the JV is receiving lots of inquiries from poultry producers in other countries. Competing products (artificial antibiotic and hormone supplements) have many undesirable effects, and will be banned by the EU beginning January first, 2006. American poultry producers will be shut out of the European market unless they are able to replace the old artificial additives with YBG or something comparable, so they are very keenly interested. Poultry producers in other countries (Paul mentioned Brazil -- the second largest processor in the world -- and South Africa in particular) and their governments are also very eager so that they will be able to export their processed chickens to the EU.
Other possibilities may include production facilities to be located in other countries, and/or licensing deals.
The NPCT/X-Act/Bio-Agra process is very efficient in producing high quality YBG for animal food additives at a comparatively low cost.
Paul is extremely confident that this will prove to be a very fruitful venture for NPCT. Yes, I know, people may say ''When has Paul ever NOT been confident that NPCT would make tons of money?'' And that's true, I agree, but those who've known Paul through the years can distinguish many shades of enthusiasm, and I would say right now he's as stoked as I've ever heard him.
Best regards,
Geoff
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Cu
Röckefäller
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I spoke with a very ebullient Paul Metzinger this afternoon. He indicated that he had just gotten off the phone with our JV partner and confirmed that the lease has just been signed for the YBG production facility. It is in a brand new (just completed) building in an industrial park area of Hinesville, Georgia (near Savannah). You can see pictures at the JV's website (to which RW has already posted a link: www.bioagra.net ).
Paul stated that the supposed end-of-February deadline is not a concern with our partner. (I interpret this to mean that NPCT did not make an additional payment for an extension, but that both sides are proceeding together on good faith). Paul is fully confident that the funding is in place for NPCT's financial commitment to the deal, and expects the money to be in hand within two to three weeks. Assuming that happens as expected, I asked how long it would be before they were able to start pushing product out the door. Paul's answer: 90 to 120 days.
Although YBG is beneficial as a dietary additive for many other kinds of critters, the intial focus will be on poultry. Paul emphasized that there are firm commitments to purchase more than 100 percent of the output capacity of the first production line.
Poultry is very big business in Georgia and very important to the state's economy. It is the #1 state in the U.S. for poultry production and processing. State and county officials have been highly supportive of this project. They are very enthused about it and will soon be helping to publicize it. The University of Georgia is widely viewed as having the top experts in poultry science and they are also involved.
On the international front, the JV is receiving lots of inquiries from poultry producers in other countries. Competing products (artificial antibiotic and hormone supplements) have many undesirable effects, and will be banned by the EU beginning January first, 2006. American poultry producers will be shut out of the European market unless they are able to replace the old artificial additives with YBG or something comparable, so they are very keenly interested. Poultry producers in other countries (Paul mentioned Brazil -- the second largest processor in the world -- and South Africa in particular) and their governments are also very eager so that they will be able to export their processed chickens to the EU.
Other possibilities may include production facilities to be located in other countries, and/or licensing deals.
The NPCT/X-Act/Bio-Agra process is very efficient in producing high quality YBG for animal food additives at a comparatively low cost.
Paul is extremely confident that this will prove to be a very fruitful venture for NPCT. Yes, I know, people may say ''When has Paul ever NOT been confident that NPCT would make tons of money?'' And that's true, I agree, but those who've known Paul through the years can distinguish many shades of enthusiasm, and I would say right now he's as stoked as I've ever heard him.
Best regards,
Geoff
#############################
Cu
Röckefäller