DALLAS, TX (PRWEB) June 3, 2004
Humitech International Group Inc, http://humitechgroup.com announced today the completion of a $3,000,000 financing with a private equity group in New York City - terms were not disclosed.
The Company will use $2,000,000 to acquire a 1600 Acre 'mine' that provides the exclusive world wide source of the Humitech Humidity Control Mineral, located in the Mojave Desert (near Area 51) balance of the funds will be used for inventory. The unique mixture of minerals (referred to as Sorbite) is the heart of HumitechÂs Humidity Control System. HumitechÂs new manufacturing facility opens June 1, 2004 in Las Vegas, NV to process all production from the mine. All manufacturing, assembly along with domestic and international distribution (previously outsourced) will be conducted at the new Humitech facility. The mine, discovered approximately 30 years ago, has been determined as having the only source of the unique mineral - on the planet.
Humitech Chairman/CEO, C.J. Comu stated, "This is a significant step forward for the Company to acquire the source of our core product and a tremendous plus to our operations with respect to reduction in costs and increase in profitability." Comu added, "With our ability to manage the manufacturing efforts and streamline our distribution, we should be able to dramatically increase our production and support a growing sales volume of business as we ship products to our expanding international franchise network, and corporate customers around the world."
Humitech products naturally drop temperature in a walk-in-cooler or refrigerator, increase the shelf life of perishables by up to 50%, reduce the potential spread of bacteria & cross contamination, prevent food shrinkage, and decrease energy use. HumitechÂs natural mineral products have no moving parts, do not use fuel or power, and can regulate humidity in any refrigerated environment by absorbing and desorbing the ideal level of humidity.
Humitech has a simple approach to marketing their humidity control services to corporate customers in refrigeration. The offer is "try it Â itÂs free". For a small monthly rental fee, a Humitech authorized service tech installs fresh panels, which in turn provides business's like Hotels, Restaurants, and Florists, reduction in energy costs, and increases in shelf life of perishables - to name a few. Business owners around the world praise the product for its savings in energy and food costs. The products are available through the Company's growing international franchise network http://humitechfranchise.com. The Company also markets a Home Panel, called "FoodSoFresh" http://foodsofresh.com for individual consumers, through a direct consumer program, and the Internet for $29.95.
Humitech, founded in 2001, first achieved market recognition by offering humidity control systems to restaurants, hotels and florists. Some of its customers include: Mandalay Bay Group Casino & Hotel, RuthÂs Chris Steak House, Smith & Wollensky, P.F. ChangÂs, InterContinental Hotels, Hotel Crescent Court, Gleneagles Country Club, TETCO Convenience Stores, and many more. Humitech International Group Inc., http://humitechgroup.com), is a privately held company, with a wholly owned franchise division, Humitech Franchise Corporation http://humitechfranchise.com, and their consumer retail division, FoodSoFresh http://foodsofresh.com.
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