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RANG DONG SIGNS LETTER OF INTENT TO DEVELOP MAJOR AGRICULTURAL VENTURE WITH MONTAGUE INTERNATIONAL HOLDING LTD (OTC -PINK:MIHL
Business
Apr 14 2014
4 min read

RANG DONG SIGNS LETTER OF INTENT TO DEVELOP MAJOR AGRICULTURAL VENTURE WITH MONTAGUE INTERNATIONAL HOLDING LTD (OTC -PINK:MIHL

Montague (OTC-PINK:MIHL), is pleased to announce that it has entered into a strategic partnership with Rang Dong Joint Stock Company of the Peoples Republic of Vietnam, a natural resource project management company with a keen focus on agriculture and mining. Montague will take the lead in developing a modern domestic cotton industry to be located in Bihn Thahn Province.  Vietnam has a thriving textile industry and the agricultural aspect will increase profitability and productivity

 

Per the Letter of Intent, Montague will advise Rang Dong on project design and market strategies, specifically in areas of large scale cotton cultivation, harvesting and ?ginning? or processing the raw cotton as well as develop channels of distribution for both domestic usage and export. In addition to marketing strategies, Montague will also provide support and direction with press releases and general business guidance for Rang Dong, as the company navigates the commercial cotton industry.

 

"Rang Dong is an innovative leader in this exciting period of Vietnam?s economic revival ... it will be amongst the first companies of Vietnamese origin to be involved in the mechanized fiber industry? said, Robert Ringold Chairman of the Board and Vice President of Business Development (OTC-PINK:MIHL). ?We plan to begin with 3700 acres and estimated that 18,500 acres will be under cultivation by 2018, this project is valued at approximately 72 million US Dollars based on the initial acreage under cultivation.? 

 

In Vietnam, cotton has been typically grown in small family holdings using hand operated equipment.  The new approach will increase productivity and sustain a growing textile manufacturing sector. By partnering with Montague, Rang Dong will increase its presence in agriculture and help to create much needed manufacturing jobs

 

ABOUT RANG DONG

 

Rang Dong Group was first established in 1991 and operates in many facets of the construction industry. Areas of involvement include: Mineral exploitation; Production of construction materials; Furniture; Mechanical Engineering; Afforestation; Rubber plantations; Residential area development; Leisure and Tourism industry development, including resorts, hotels, and golf courses.

 

Currently, Rang Dong Group is a private group with its headquarters located in the city of Phan Thiet, Binh Thuan Province, Vietnam.


With over 20 years of experience, the Rang Dong Group is proud to have created many jobs, and has substantially contributed to the sustainable development and prosperity of the Phan Thiet community and to the country of Vietnam. 

 

Rang Dong has more than 3,000 staff who bring relentless dedication, strength, wisdom and talent to each of the group's many investment projects.

 

ABOUT MONTAGUE

 

Montague International Holding. Ltd and its affiliates are committed to developing and conducting business in environmentally sustainable and financially responsible manner now and in the future. 

 

We welcome opportunities in traditional industries such as manufacturing, mining ( US, Peru, Vietnam ), agriculture ( Colorado, Vietnam ), but also specialize in niche sectors such as large scale urban development(Riga, Latvia), alternative energy (Wind/Solar/ Modular Refineries), Wines & Spirits ( Ukraine, Spain, Belarus, Israel, Moldova, Germany), pharmaceuticals (Colorado) and Aerospace ( US, Israel ). Our non-profit affiliate, Help Is On The Way, a 501(c)3 corporation, provides medical assistance to those in need and is working closely with the City of Philadelphia to better serve its immigrant community.  Montague's Management Team shares an entrepreneurial spirit and a passion to conduct business in way that benefits all; shareholders, clients, and employees.

 

 

CONTACT:
Investor Relations:
[email protected]

Montague International Holding LTD
1800 Kennedy Boulevard, Suite 300
Philadelphia, PA  19103
Phone: 1-267-352-3485, ext. 504