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South American Gold Corp Signs Exclusive Distribution Agreement for South America
South American Gold Corp Signs Exclusive Distribution Agreement for South America.
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[{"type":"text","content":"\n\n\n\nSouth American Gold Corp Signs Exclusive Distribution Agreement for South America\n\n\n\n\n\nSouth American Gold Corp Signs Exclusive Distribution Agreement for South America\nPR Newswire\nRICHMOND, Indiana, August 23, 2016\n\n\n\nRICHMOND, Indiana, August 23, 2016 /PRNewswire/ --\n\nSouth American Gold Corp (OTCBB: SAGD) signed an agreement to become the exclusive South American distributor of Microbial Mojo GoGo, an agreement that the company estimates could easily lead to over one million dollars in new revenue to the company.\n\nMicrobial Mojo GoGo is a unique liquid fulvic and humic acid extracted through a patented process. This unique extraction process amplifies the known effectiveness of liquid humic acids on plant growth by leaving the naturally occurring growth hormones intact.  The product can deliver a physiological response in plants that can be seen in as little as 30 minutes after foliar application and growth responses that can be seen with the naked eye in as little as 24 hours.\n\n\"This agreement is an important step in implementing our strategic plan to become the exclusive distributor of high-value products which have shown the ability to develop high returns on investment to cannabis cultivators throughout South America's growing rapidly expanding market, \" said SAGD's CEO, Cynthia Berain.\n\nUruguay is a member of South America's largest trading block, Mercosur, and geographically sits directly between the trade group's two largest trading partners; Argentina and Brazil.\n\n\"While we will launch our distribution efforts in Uruguay, we believe that other countries in the region will continue making moves to further liberalize their cannabis laws,\" continued Ms. Berain. \"By signing this exclusive distribution agreement for all of South America we've positioned ourselves strategically to benefit from this anticipated growth into more populous markets in the region.\"\n\nSouth American Gold Corp anticipates distribution of Microbial Mojo GoGo will have a positive impact on Net Income beginning in the first quarter of 2017.  \"Because of the tremendous opportunity that exists within the legal cannabis space in Uruguay,\" explained Ms. Berain, \"we believe that if we capture just five percent of the legal cannabis market it could lead to annual revenues of well over one million dollars.\"\...