GRAND ISLAND, NE — SNSGF, (Marketwired) — 08/01/16 — Sense Technologies, Inc. (OTC PINK: SNSGF) announced today that it is currently in the process of acquiring Scribner Natural Products. Scribner Natural Products is an industrial food and feed products company in Scribner, Nebraska, where it operates a growing soybean crushing mill, along with part of a Trucking, Logistics and Consulting company.
Scribner’s production facility receives volume (bulk) shipments of raw soybeans and processes them into premium soy products. These soy products are used in a wide variety of animal feed products, human food products, fertilizers (soil enhancers) and other agriculture-related products.
By its own design, Scribner’s Products are all natural and are manufactured with no harsh chemicals or solvents used in the production process. Its products are highly digestible and have high levels of vitamins, isoflavonoids, and amino acids. The company is moving to file patents on its proprietary process, including its soil enhancer products for organic gardening.
The Scribner plant capacity has been processing up to 400 tons of refined Soy meal per week and 123,000 pounds of soy oil (approx. 16,000 gallons) per week.
“We’re excited about this acquisition based on our analysis of its profit potential. Our due diligence process thus far has resulted in no adverse issues, and our intent is to complete the process just as soon as practicable,” said Bruce Schreiner, Sense Technologies, Inc.’s President.
The PublicWire: Dave Donlin reporting: https://youtu.be/C-jGHemwjXM
About Sense Technologies, Inc. Sense Technologies develops and markets backing awareness products for safety. For additional information, visit www.sensetech.com.
This press release consists of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Those statements include statements regarding the intent, belief or current expectations of the Company and its management. In particular, there is no assurance that the parties will reach a definitive agreement for the proposed transaction or that the transaction will be completed. Additionally, no assurance can be provided that the terms of any transaction will be similar to those contemplated by the Letter of Intent. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, and actual results could differ materially from those indicated by such forward looking statements. The Company assumes no obligation to update the information contained in this press release, whether as a result of new information, future events, or otherwise.
Sense Technologies Inc.
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Source: Sense Technologies, Inc