Business
Greenbelt CEO Issues Letter to Shareholders and Investors
Greenbelt CEO Issues Letter to Shareholders and Investors.
About this update from Greenbelt Resource Corporation
[{"type":"text","content":"\n\n\n\nGreenbelt CEO Issues Letter to Shareholders and Investors\n\n\n\n\n\nGreenbelt CEO Issues Letter to Shareholders and Investors\nPR Newswire\nPASO ROBLES, Calif., January 25, 2018\n\n\n\nPASO ROBLES, Calif., January 25, 2018 /PRNewswire/ --\n\nGreenbelt Resources Corporation (OTC: GRCO) (Greenbelt) today released the following letter to shareholders and investors from its CEO Darren Eng.\n\nDear Investors and GRCO Shareholders,  \n\nThe progress and value of the achievements in 2017 cannot be over stated. Greenbelt secured the approval of our bioethanol as an extraction solvent and has expanded its relationship with the Andrew J. Young Foundation. These solid foundations should result in significant revenue in 2018. I am very excited about the future of our technology and the opportunities that lie ahead in the New Year. \n\n2017: New Directions for Core Technology  \n\nGreenbelt's underlying core technology and the recently enhanced business model for its deployment in new markets have resulted in the evolution of our byproducts into multiple high value bioproducts: most notably high value protein concentrates and extraction grade bioethanol for the cannabis extraction industry.  \n\nIn 2017 we focused on: 1) enhancing market awareness of the company through new investor relations and press initiatives; 2) capital raises to pursue sales initiatives and validate expanded uses of our technology; and, 3) negotiations with future customers via MOUs, LOIs and Offtake agreements. As a result, we released announcements ranging from Southeast Asia to the Southeast U.S. and signed MOUs with conglomerates, LOI's in the cannabis industry and Offtake agreements for dairy waste, duckweed and more.    \n\nBelow is an abbreviated summary of our two most significant achievements and what they mean for investors. To read the complete \"Letter to Investors and Shareholders Update,\" please click here. \n\nDevelopment of New Bioproducts Increases Revenue Potential \n\nIn addition to expanding the breadth and depth of understanding of potential feedstocks, the experiences and new relationships developed over the past year have driven an evolution of Greenbelt's model that substantially increases the revenue able to be generated by each system deployment. In particular, we have focused on our systems produc...