DALLAS, TX — (Marketwired) — 09/17/13 — Guar Global Ltd. (OTCQB: GGBL) (“Guar Global” or the “Company”), a company aiming to implement innovative technologies and methods to increase crop yields of guar, an organic gelling agent used extensively in hydraulic fracturing by the oil and gas sector, is pleased to provide the following update of farm activities in Rajasthan, India.
In early 2013, the Company employed satellite technology in order to select an ideal locale to lease an initial 50 hectares (approximately 125 acres) of land for an initial working research plantation. Overhead imagery provided Guar Global with data that identified and confirmed the Ganganagar and Hanumangarh areas in Rajasthan state as one of the major guar growing areas in the world.
The soil conditions allows for the aeration necessary for proper root development — a key factor for sustainability. The area is also home to a canal irrigation facility that is available year-round, which results in significantly less dependency on climatic conditions. Knowledgeable workers, processing facilities and a reliable road connection to the transportation network for shipping the product are readily available locally, and all these factors contributed to the land selection.
Currently, the entire farm is under guar cultivation. Sowing of the crop was started from the first of July, and was completed in August. The crop is healthy across the entire planting. A limited amount of disease and pest activity was visible during the rainy period in late August, but was immediately brought under control, and subsequent applications of micro nutrients have dramatically improved crop production.
Reliable, highly experienced local farmers have been appointed as on-site care-takers and the Company–s farm manager visits the properties daily and transmits updated field reports to our regional offices each day.
Activities to-date provides Guar Global with important cultivation planning and prioritization data, as well as real-time assessment of various land use practices. The activities and technologies employed will greatly increase the company–s efficiencies, aimed at saving time and money through the elimination of guesswork as the company moves ahead with its plans for expansion.
Mr. Ganesh Prajapat, Guar Global–s General Manager, Farm Development and Research (India) comments, “We are pleased to report that our planting has been very successful as we have sown a number of promising seed variants including X-6, HG-2-20, HG – 365, Bharti, and RGC – 936, all with excellent early results. At this point we are ahead of schedule for our 2013 plans, and with the knowledge gained from these test plots, we believe Guar Global is well underway in developing a superior farm management program for this increasingly valuable commodity.”
Additional details regarding Guar Global, Ltd., its business, agreements and related matters are filed as part of the Company–s continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission (“SEC”), and are available at the SEC–s website at . For more information, visit our website at .
(OTCQB: GGBL)
Guar Global is a research-driven development stage company aiming to implement new, modern strategies to increase yields of guar crops as a high quality product for the oil and gas sector. In the last two years, guar gum demand has tripled worldwide mainly because of its use in hydraulic fracturing activity, especially in the U.S. With no viable alternative to guar gum on the horizon, and demand remaining high, we consider the present guar industry ripe for significant growth. Guar Global believes it has identified a noteworthy opportunity to introduce new agricultural technologies aimed at increasing local farm productivity as an economic driver for the guar production sector. Find out more at .
Information set forth in this press release contains forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in Guar Global–s filings with the Securities and Exchange Commission available at . Guar Global, Ltd. disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise.
On Behalf of the Board,
Michael C. Shores
Guar Global Ltd.
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