Business
Inca Worldwide (OTC Pink:QEDN) Announces a New Franchise Model to Generate Revenue for Fourth Quarter 2017
Inca Worldwide (OTC Pink:QEDN) Announces a New Franchise Model to Generate Revenue for Fourth Quarter 2017.
About this update from Qed Connect, Inc.
[{"type":"text","content":"\n\n TURBO ANTIOQUIA, Colombia, Oct. 27, 2017 (GLOBE NEWSWIRE) -- Inca Worldwide (OTC Pink:QEDN) and Green Mine Solutions SAS have developed a complete and sustainable franchise business model centered on the promotion of Sacha Inchi in Colombia, South America. Inca Worldwide’s new process focuses on the growth and use of 100% of the seeds and leaves of Sacha Inchi plants. The company (through Green Mine Solutions) will teach this processing method to the farmers in order to generate revenue for Colombian farming communities.\n\n \n \n \n \n \n \n \n \n \n \n \n Earnings as of October 26, 2017\n \n \n \n \n \n \n \n \n\n A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/842bb90e-c0e3-4a69-8585-de96604a1e8d The company has established relationships with el Banco Agrario, Banco de Bogota (https://www.bancodebogota.com/wps/portal/banco-de-bogota/bogota/empresas/) and Bancolombia (https://www.grupobancolombia.com/wps/portal/personas) whereby community companies involved with Sachi Inchi production may receive loans to fund their businesses. For each loan process set up by community businesses for Sachi Inchi production, Inca Worldwide will receive from 3 to 10% of the loan amount. Additionally, Inca Worldwide will receive from 3 to 10% of all revenue earned by any company established for the communities regarding Sachi Inchi farming, production and reselling the products. These companies may include, for example, those producing organic fertilizer from the Sacha Inchi star (i.e., the leftover seed pod after the seeds have been removed), organic tea from the leaves of Sacha Inchi, and Sacha Inchi planting frames from recycle plastic and other subproducts. Already, the company has generated an income of 3% of the total loan for the contract signed in October 2017 with three communities in Choco. Additional contracts with other communities are scheduled for implementation in the November and December time frames. This franchise fees are separate from our regular model of buying seeds from the farmers, processing them and selling them to wholesale customers and retail customers, and other entities. Contact information: [email protected] About Inca WorldwideOur Inca Seeds (Roasted Sacha Inchi) contain a complete protein with all nine-essential amino acids, and they are ri...