WEST PALM BEACH, Fla., May 7, 2012 (GLOBE NEWSWIRE) -- BeesFree, Inc. (BEES), a company that has developed an innovative solution (BeesVita Plus™) and a unique delivery system (the Beespenser™) to help honeybees avoid the effects of Colony Collapse Disorder (CCD), received a significant order for delivery in the Republic of South Africa.
This new order, which is subject to product registration and authorization from local authorities, calls for the company to deliver 500 Beespensers™ and 4,000 liters of BeesFreeVita Plus™ to Alpi Carniche Investment Ltd, an agricultural and services company active in South Africa and other nearby emerging African countries. The initial order is valued at over $270,000 with additional orders expected.
BeesFree CEO, Mario Sforza, stated, "I am very pleased to announce this new sales order. This order adds further commercial validation to our proprietary and innovative technology to combat CCD and will secure the company a competitive advantage in the emerging African beekeeping market. The African continent is home to approximately 20% of the world's honeybee colonies representing a potential market of over $500 million annually."
Alpi Carniche Investment Ltd's Managing Director, Mr. Salvatore Pes, stated, "Our company has numerous established and emerging interests in the South Africa agricultural sector, including farming and beekeeping markets. We like BeesFree's vision and integrated approach to improving honeybees' health and optimizing beekeeping's best practices. We are confident BeesFree's unique solution is an effective answer to the devastating CCD problem and it can save the market from the enormous loss of bee colonies. We will continue working with BeesFree to support our expansion strategy in South Africa and other African countries."
About BeesFree, Inc. (BEES)
BeesFree, Inc., a company focused on developing innovative solutions for the global beekeeping community, owns a patent pending technology that helps honeybees combat and avoid the effects of Colony Collapse Disorder (CCD). For more information please visit www.beesfree.biz or contact the company at the numbers listed below.
Statements about the future expectations of BeesFree, Inc. and all other statements in this press release other than historical facts, are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as that term is defined in the Private Securities Litigation Reform Act of 1995. BeesFree, Inc. intends that such forward-looking statements shall be subject to the safe harbors created thereby. Since these statements involve certain risks and uncertainties and are subject to change at any time, Bees Free actual results could differ materially from expected results.
CONTACT: BeesFree, Inc.
2101 Vista Parkway, Suite 122
West Palm Beach, FL
CEO - Mario Sforza
CFO - David Todhunter