SHERIDAN, WY, April 23, 2023 - TORtec Group Corporation (OTC:TRTK), a holding company (TORtec), announced today that it has closed on the acquisition of Mid-Cal Ag Aviation Inc., a California corporation, via a Share Exchange Agreement entered into on March 20, 2023. The acquisition was successfully completed Monday, April 10, 2023.
Mid-Cal Ag Aviation, Inc. is an aerial application business that aims to reduce or replace the use of prevalent commercial fertilizers with a proprietary all-natural replacement, Mineral-Gro® (liquidtnt.com), which will eliminate the ground and water pollution due to chemical fertilizers. Mineral-Gro® also significantly improves yields and dramatically reduces the amount and expense of total fertilizer required. The acquisition builds upon TORtec's commitment to sustainable agriculture.
"Demand for all natural fertilizers is growing rapidly due to increased awareness about the environmental impact of conventional fertilizers, and North America is the largest market for aerial application services. Our proprietary all-natural replacement provides an effective, eco-friendly alternative to conventional fertilizers that can improve soil health and crop yields. We plan to capture 25 percent of the $35 billion aerial application industry globally," said TORtec President and CEO Stephen H. Smoot.
In addition, TORtec will retain Mid-Cal shareholder Kevin Morton as president and head of its aerial spraying global expansion efforts.
Forward‐Looking Statements
This press release contains 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. In some cases, you can identify forward-looking statements by the following words: " anticipate, " "believe," " continue, " "could," "estimate," "expect," " intend, " "may," "ongoing," "plan," "potential," "predict," "project," "should," " will, " "would," or the negative of these terms or other comparable terminology, although not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results, and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved. Forward-looking statements are based on information available at the time the statements are made and involve known and unknown risks, uncertainties and other factors that may cause our results, levels of activity, performance or achievements to be materially different from the information expressed or implied by the forward-looking statements in this press release. This press release should be considered in light of all filings of the Company that are contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.
For details, contact: info@tortecgroupcorp.com
Contact Information
Ace Sorensen
TORtec Group Corporation
Sheridan, WY
United States
Voice: 307-248-9177
