BOSTON, July 10, 2014 (GLOBE NEWSWIRE) -- Verde Media Group Inc. (OTC:VMGI), through its Verde Media Biotechnology Division ("VMBD") is preparing for the next phase of construction for its Pilot and semi-commercial Omega-3 oil production facility in Asia. The company broke ground on the project in May of this year and is currently poised to begin building the most crucial and cost-effective part of the facility.
The Geo Well Fermentation facility (GWF) is an underground earth-vessel based technology that will produce microbial products with a number of advantages. Primarily, the capital investment involved is reduced to half compared to steel based vessels and, secondly, the requirement to maintain a specific pre-defined temperature is substantially reduced because of geo-thermal insulation. Collectively, the technology leads to substantial savings on operating and capital investment that leads to better margins.
Omega-3 oils are mainly derived from marine sources. However more recently the oils can be produced using microbes. VMBD's exclusive technology utilizes a robust and sophisticated GWF process to grow specialized omega-3-producing microbes in large volumes at substantially reduced costs. The company expects to have its first GWF vessel completed within the next 3-4 months, allowing them to begin trials at pilot and semi-commercial scale. It is anticipated the facility will reach a 10,000-liter scale once fully operational.
Dr. Abidi, CEO of Verde Biotech Division said, "We are excited to kick-start our novel technology to produce omega-3 oils in an economical manner not possible until now, using atypical feedstocks. Our transition from pilot to semi-commercial scale is important to rapidly deploy our exclusive GWF process to achieve commercial scale and begin importing the product for sale in the US."
About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the stock symbol: VMGI. Verde Media Group Inc. The company consists of three divisions:
Agency Division - The innovative Agency division services- public relations, marketing, and transaction functions for corporate clientele.
BioTech Division - The Biotech Division manages a portfolio of biotech companies and the VMBD division undertakes the business of developing and producing high value bio-products from renewable biomass. The focus and criterion is to develop proprietary microbial technologies with low risk scale-up methods employing low cost feedstock.
Entertainment Division - The company operates a managed media company with production, distribution, development, and acquisition functions for film and television.
For more information, visit www.verdemediagroup.com , or connect with the company on Facebook . Twitter- @Verdemediagroup
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The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions.
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