Press release from Marketwire
Gendis Inc. Announces Significant Progress on Its Investment in Input Capital
Friday, July 19, 2013
Gendis Inc. Announces Significant Progress on Its Investment in Input Capital10:18 EDT Friday, July 19, 2013
WINNIPEG, MANITOBA--(Marketwired - July 19, 2013) - Gendis Inc. (TSX:GDS) is pleased to announce today that its investment in Input Capital is showing significant progress. Input has announced that it has completed its going public transaction and expects to begin trading on the TSX Venture Exchange on Monday, July 22, 2013 under the symbol "INP". Gendis invested $1-million for a total of one million shares in November 2012.
Input bills itself as the world's first agricultural commodity streaming company and it has fully committed the $24.5 million it raised last year into entering streaming contracts with Saskatchewan canola farmers.
Gendis CEO, James Cohen, stated, "As the global population increases to 7.2 billion people and diets continue to improve, Gendis is focusing on the agribusiness sector as an area for new investment opportunities. Canola continues to be in high demand worldwide and Input Capital has positioned itself to take advantage of its unique position. We look forward to seeing our initial investment increase in value as the company moves ahead on its business plan."
In other news, MBAC Fertilizer Corp., another of Gendis' agribusiness investments, has announced the start-up of its processing facility at Itafos, Brazil. MBAC is positioning itself to be a major producer of fertilizer in the fast growing Brazilian agriculture sector.
Gendis Inc. continues to be on the lookout for new investment opportunities in the energy, agribusiness and real estate sectors.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. James E. Cohen
President and Chief Executive Officer