BeesFree signs agreement to supply U.S. with BeesVita Plus
BeesFree, Inc. continues to position itself as the world leader in creating, manufacturing and marketing an effective treatment for the treatment of Colony Collapse Disorder (CCD) by announcing a manufacturing agreement with Form-A-Feed Inc. to supply the entire United States market with BeesVita Plus.
With an operating history of over 40 years, Minnesota-based Form-A-Feed (http://www.formafeed.com) employs over 100 people through 9 divisions with a focus on introducing new ideas, concepts and products to the livestock industry.
BeesVita Plus is an innovative composite food supplement for honeybees that strengthens the bee's immune system and prevents the effects of Colony Collapse Disorder (CCD). The agreement with Form-A-Feed covers the process development and manufacturing of BeesVita Plus for the United States market. Production is expected to begin in the third quarter.
"Adding an additional manufacturer for another one of our major marketplaces will help to prevent any bottlenecks in the supply in the years ahead," commented Dr. Andrea Festuccia Ph.D., Chairman of BeesFree. "Additionally, establishing a commercial manufacturing agreement with such a respected company will ensure quality control within our manufacturing process as we embark on a rapid rollout of BeesVita Plus over the next 12 months."
Joseph Fasciglione, interim chief executive officer and interim chief financial officer of BeesFree stated, "Having now achieved one of our key objectives, we are now prepared to move into the commercialization phase of our operation. As sales ramp up over the coming months, we anticipate generating revenues upward of $3 million over the next twelve months."