Vancouver, British Columbia – January 28th 2015 – Clean Seed Capital Group Ltd. (the “Company” or “CSC”) (TSXV: CSX), announces that it has entered into a Distribution Partnership Agreement with Rocky Mountain Dealerships Inc. (“Rocky” or “RME”). Rocky is one of Canada’s largest agriculture and construction equipment dealership networks with branches located throughout Alberta, Saskatchewan, and Manitoba. Over a three year renewable period starting in 2016, Rocky will manage exclusive sales areas with agreed-upon sales commitments for the Company’s CX-6 SMART Seeder.
Rocky’s initial CX-6 order commitments for 2016 delivery are for key locations in Alberta, Saskatchewan, and Manitoba, in preparation for initial sales of 2016 product, as well as spring 2016 demonstrations by RME, with a commitment for all 33 RME agricultural retail locations in Western Canada to sell and demonstrate the CX-6 SMART Seeder starting in 2017 and beyond.
CSC and Rocky will work collaboratively to determine the sales volume commitments and the launch plan of the CX-6 SMART Seeder over the coming months for Rocky’s agricultural retail locations across Western Canada.
Through its dealership network, Rocky sells, rents, and leases new and used agriculture equipment and offers product support and finance to its customers. CSC believes that by partnering with Rocky, the Company’s CX-6 SMART Seeder can be sold into the Western Canadian agricultural seeding equipment market as a leading, high technology, value-added precision seeding unit.
Graeme Lempriere –CEO of the Company stated: “We are delighted that Rocky has agreed to partner with us. We view the CX-6 SMART Seeder as the next generation of seeding technology. The CX-6 SMART Seeder and its unique high definition technology creates an entirely new classification within the large-scale agricultural equipment markets. Rocky is the ideal partner for Clean Seed by providing the respected network and expertise to propel our sales efforts. We look forward to working closely with Rocky in the coming years to roll out our technology across Canada.”
ON BEHALF OF THE BOARD Graeme Lempriere President, CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
This press release contains forward looking statements and information. CSC makes no guarantee that any or all forward looking statements will materialize in the manner outlined above, or at all. Specifically, no representation is made that a definitive agreement will be finalized with RME or that any sales targets will be met.