Clean Seed Capital Signs Distribution Agreement with Cervus for North Central Saskatchewan
Vancouver, British Columbia (April, 2015)
– Clean Seed Capital Group Ltd. (the “Company” or “CSC”) (TSXV: CSX), announces that it has entered into a Distribution Partnership Agreement with Cervus Equipment Corp. (“Cervus”) (TSX: CVL) Cervus has interests in 75 dealerships in Canada, New Zealand, and Australia. Over a three year renewable period starting in 2016, Cervus will manage exclusive sales areas with agreed-upon sales commitments for the Company’s CX-6 SMART Seeder.
Both Companies foresee that by working together Clean Seed’s CX-6 SMART Seeder can be sold into the North Central Saskatchewan seeding equipment market as a leading, high technology, value added precision seeding unit. Cervus will provide commercial end use retail distribution of the CX-6 SMART Seeder to customers in North Central Saskatchewan.
CSC and Cervus will work collaboratively to determine the sales volume commitments and the launch plan of the CX-6 SMART Seeder over the coming months for key Cervus retail locations.
Graeme Lempriere –CEO of the Company stated: “We are delighted that Cervus has joined our team. Cervus is an essential partner for Clean Seed that provides the valued network and expertise for our sales efforts in North Central Saskatchewan. We look forward to working closely with all our distribution partners in the coming years to roll out our SMART Seeder across Canada.”
About Cervus Equipment Corporation
Cervus acquires and operates authorized agricultural, commercial, industrial and transportation equipment dealerships. The Company has interests in 75 dealerships in Canada, New Zealand, and Australia, employing more than 1,700 people. The primary equipment brands represented by Cervus include John Deere agricultural equipment; Bobcat and JCB construction equipment; Clark, Sellick and Doosan material handling equipment; and Peterbilt transportation equipment. The common shares of Cervus are listed on the Toronto Stock Exchange and trade under the symbol "CVL".
About Clean Seed Capital Group Ltd
Clean Seed Capital Group Ltd is at the forefront of an agricultural shift to unparalleled high definition seeding technologies.Clean Seed has developed an advanced precision no-till seeding system comprising several individually patented technologies, including in-ground openers, proprietary seed and fertilizer metering, and electronic control systems. Our most recent ground breaking achievement is also our most advanced and innovative to date: The award winning CX-6 SMART Seeder is an industry first!The ground-breaking CX-6 SMART Seeder creates a new niche within the large-scale farm markets. The common shares of Clean Seed are listed on the Toronto Venture Stock Exchange and trade under the symbol "CSX".
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