LAS VEGAS, May 26, 2016 (GLOBE NEWSWIRE) -- Transnational Group, Inc. “Transnational” (OTC:TAMG) today announced that the Company has executed a License Agreement with Zym-Tec USA LLC to form a Joint Venture (“JV”) named Zyta Green Technologies that will market, sell and implement Zym-Tec™, a technology platform that turns soil and waste products into primary raw materials used in multiple construction applications.
Zym-Tec™ uses an eco-friendly enzyme technology that transforms local soil to base material, primarily to build all weather roads on multiple surfaces including dirt, asphalt and cement. Additionally, the product can be added to cement products to improve strength and enable significant reduction in the amount of cement content necessary to build concrete cinderblocks.
The Zym-Tec™ solution also enables recycling of waste materials such as fly ash, quarry waste products, mine and building waste by combining them into these various construction materials. Key benefits of Zym-Tec™ realized by the construction industry include lower costs, shorter project completion times, and a stronger degree of stability for roadways and construction materials.
Zym-Tec USA LLC is a US licensee and wholly-owned subsidiary of I-Tec-W, an Israeli company that has patented applications of the Zym-Tec™ solution in several nations including the United States, European Union, Israel, Africa, India and the Russian Federation. Zym-Tec™ has already been used in several construction projects around the world.
According to the License Agreement, Transnational Group will hold a 50% stake in the Joint Venture Zyta Green Technologies and Zym-Tec USA LLC will hold the remaining 50% ownership. Transnational will provide all sales and marketing efforts worldwide for Zym-Tec™ for road building and maintenance as well as accounting and financial management services for this branch of the JV’s business.
“Transnational Group is very excited to enter into two new global markets with a patented and proven superior product with tremendous profit potential,” commented Dr. Phillip Dutoit, the Company’s CEO.
“We strongly believe that our new joint venture has the ability to generate significant revenues in the construction markets due to the ability of Zym-Tec™ to increase durability while decreasing costs and production time for the production of roadways and concrete cinderblock all over the world,” added Israel Gamliel, Transnational Group’s COO.
“It is management’s expectation that this joint venture will contribute to a long term increase in Transnational’s shareholder value by providing a steady income stream that can be used to advance all areas of our business. We look forward to updating our shareholders on our sales and marketing efforts as developments unfold moving forward,” concluded Mr. Gamliel.
About Zym-Tec USA LLC
Zym-Tec USA LLC is a wholly-owned subsidiary of Israeli company, I-Tec-W, which has developed and patented a green soil stabilization technology platform called Zym-Tec™ used in the construction of ecological road infrastructures and manufacturing of ecological building materials. The company holds patents for its Zym-Tec product, which is 100% ecologically and environmentally friendly, in 96 countries for soil stabilization. Since it was founded in 2006, I-Tec-W and its patented technology has been recognized worldwide obtaining the European Union, U.S, Israeli and Asian safety and green certifications for its application in road infrastructure projects. For more information, please visit www.zymtec.net.
About Transnational Group Inc.
Transnational Group is a mineral and natural resource exploration company focused on acquiring and mining mineral-rich assets in the Southwestern United States. The Company’s mission is to acquire properties rich in high-grade gypsum and other minerals that have the potential for long-term production and sustainable revenue generation. Transnational is continuously exploring strategic acquisition, partnership and joint venture opportunities that can increase its capital, equipment and natural resource assets.
Investors: The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this press release, such as "reserves," "resources," "geologic resources," "proven," "probable," "measured," "indicated," or "inferred," which may not be consistent with the reserve definitions established by the SEC. U.S. investors are urged to consider closely the disclosures in our reports filed with the OTC Markets Group, Inc.
Forward-Looking Statements:
This press release includes forward-looking statements concerning the future performance of our business, its operations and its financial performance and condition, and also includes selected operating results presented without the context of accompanying financial results We caution that all forward-looking information is inherently uncertain and actual results may differ materially from the assumptions, estimates or expectations reflected or contained in the forward-looking information, and that actual future performance will be affected by a number of factors, including economic conditions, technological change, regulatory change and competitive factors, many of which are beyond our control.