WEST PALM BEACH, Fla., July 24, 2013 /PRNewswire/ -- BeesFree, Inc. (OTC QB: BEES), the worldwide distributor and creator of BeesVita Plus™, an innovative composite food supplement for honeybees that strengthens the bee's immune system and prevents the effects of Colony Collapse Disorder (CCD), announced a new manufacturing agreement with Ledyi Laboratories of Argentina.
With annual production of about 75,000 tonnes a year, Argentina is the world's third largest honey exporter. Similar to the United States, the honey bees are dying due to Colony Collapse Disorder and CCD is a major threat to the Argentinean economy and to food costs worldwide as bee colonies continue to disappear
For the past 35 years, Ledyi Laboratories has been an active producer and exporter of animal food and animal supplements. Ledyi Labs has a sterling reputation for quality control and good manufacturing practices. The company also has an expertise regarding the shipping, approval and regulation of animal food and supplement products throughout South America. The production agreement will include quality control protocols utilizing Ledyi's patent-protected and proprietary manufacturing techniques.
Andrea Festuccia Ph.D., Chairman of BeesFree commented, "One of our largest business opportunities for BeesVita Plus is in South America and that is why this manufacturing agreement with Ledvi Labs is an exciting step for our company at this time. Ledvi Labs maintains the highest ethical standards in quality control while having a unique expertise in the regulation and shipping of a product like ours in South America."
Dr. Festuccia concluded, "The total market opportunity for our product in Argentina is estimated to be in excess of $150,000,000."
About BeesFree, Inc.?
BeesFree, Inc. (OTC QB: BEES), a company focused on developing innovative solutions for the global beekeeping community owns a patent pending composite food solution that helps honeybees avoid the effects of Colony Collapse Disorder (CCD). Visit www.beesfree.biz to learn more about why the bees are disappearing, and how beekeepers can combat the honey bee decline.
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.
Name: Joseph N. Fasciglione Interim Chief Executive Officer
Number: (561) 939-4860
SOURCE BeesFree, Inc.