Inca Worldwide (OTC Pink: QEDN) announces signing of agreement with 366 farmers in Cauca, Colombia
TURBO, ANTIOQUIA, COLOMBIA – December 4, 2017 – (GLOBE NEWSWIRE – HISPANICIZE WIRE) – Inca Worldwide (OTC Pink:QEDN), through GMS (Green Mine Solutions), signed an agreement with Aprovisa, involving 366 farmers who are growing Sacha Inchi in Santander de Quilichao, Cauca. As part of the agreement, GMS will receive a franchise fee of 3% of the loan proceeds to plant the Sacha Inchi. The 3% franchise fee will be reflected in Inca Worlwide revenues for the last quarter of 2017. Banco Agrario and Bancolombia are processing this transaction under the FINAGRO line of credit for substitution crop farmers who receive 100% financing.
Kate Bahnsen, Inca Worldwide CEO, comments: “Aprovisa is an experienced association that has worked with these farmers for two years growing Sacha Inchi. Our goal is to have over 4,000 hectares of Sacha Inchi planted in 2018 to meet the demand of our contract with Daymon and to expand to other markets, such as the Halal (Muslim permitted) market.”
Sacha Inchi is a perfect food for Muslims because it is a vegan protein, free of pork, other meat, and fish. The global Halal industry is estimated to be worth around 2.3 trillion USD growing at an estimated 20% per year. There are approximately 1.8 billion Muslims in the world today. http://gifr.net/gifr2013/ch_13.PDF.
GMS has already received Halal verification in Colombia by www.halalcol.com/.
About Inca Worldwide
Our Inca Seeds (Roasted Sacha Inchi) contain a complete protein with all nine essential amino acids, and they are rich in Omega 3, 6, and 9 antioxidants—a real Superfood!
Caution Concerning Forward-Looking Statements:
Our public communications and SEC filings may contain “forward-looking statements” – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.”
Forward-looking statements by their nature address matters that are, to various degrees, uncertain, such as statements about our announced plan to reduce the size of our financial-services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.