Business
Transnational Group Forms Joint Venture to Market Zym-Tec™, an Eco-Friendly Soil Stabilization Solution Used to Produce Roadways and Construction Material
Transnational Group Forms Joint Venture to Market Zym-Tec™, an Eco-Friendly Soil Stabilization Solution Used to Produce Roadways and Construction Material.
About this update from Logipix International Corp.
[{"type":"text","content":"\n\n 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. \n 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 d...