By GlobeNewswire, November 01, 2013, 10:36:00 AM EDT
NEW YORK, Nov. 1, 2013 (GLOBE NEWSWIRE) -- Tauriga Sciences Inc. (OTCQB:TAUG) or ("Tauriga" or "the Company"), a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nanorobotics space, has today announced the receipt of SPEC sheets covering the full suite of 100% Tree-Free Bamboo products pursuant to the exclusive license agreement ("the Agreement") signed between the Company and Green Hygienics, Inc. ("Green Hygienics") on June 1, 2013. The product SPEC sheets include: bathroom tissue, copy paper, facial tissue, kitchen towel, facial tissue cube, and luncheon napkins. The SPEC sheets for the bamboo disinfectant wipes are expected in the near term. The Company has already been in detailed discussions with potential customers and believes that there is strong demand for these products. The receipt of the product specification sheets ("SPEC sheets"), which include a detailed overview of the dimensions, content, and shipping information, enables the Company to expedite the process of securing purchase orders from potential and probable customers.
Tauriga's CEO Seth M. Shaw expressed, "The company is working diligently to generate revenues derived from the license agreement with Green Hygienics. Now that the SPEC sheets have been received, the Company can provide potential customers with the requisite paperwork to complete purchase orders. The ability to generate profitable revenues is a crucial component of the Company's business plan moving forward and strengthens all aspects of the business.
Tauriga has been focusing its marketing efforts relating to the License Agreement on medical practices, hospitals, adult care facilities, school districts, small businesses, and large corporations. Under terms of the Agreement, the Company shall realize 100% of the revenues generated from the North American sales. The two companies, Tauriga and Green Hygienics, will equally split all potential net profits and jointly assume marketing costs.
About Tauriga Sciences, Inc.:
Tauriga Sciences, Inc. (OTCQB:TAUG) is a diversified company focused on generating profitable revenues through license agreements and the development of a proprietary technology platform in the nano-robotics space. The mission of the Company is to acquire and build a diversified portfolio of cutting edge technology assets that is capital efficient and of significant value to the shareholders. The Company's business model includes the acquisition of licenses, equity stakes, rights on both an exclusive and non-exclusive basis, and entire businesses. Management is firmly committed to building lasting shareholder value in the short, intermediate, and long terms. The Company's new corporate website can be found at (www.tauriga.com).
About Green Innovations Ltd.
Green Innovations Ltd. (OTCQB:GNIN), through its wholly-owned subsidiary Green Hygienics, Inc., is the exclusive licensed North American distributor of American Hygienics Corporation's 100% tree-free bamboo-based product line, including personal care and paper-based goods. The marketplace for tissue paper products, diapers, wet wipes, feminine care products, and adult care products, is in excess of $29 billion annually in the United States. The Company is committed to providing consumers with quality products that are designed and manufactured to the highest standards in FDA-accepted manufacturing facilities without compromising product performance. Green Innovations is a member of the International Green Energy Council (IGEC) and dedicated to ensuring a more healthy and sustainable planet.
Forward-Looking Statements: Except for statements of historical fact, this news release contains certain "forward-looking statements" as defined by the Private Securities Litigation Reform Act of 1995, including, without limitation expectations, beliefs, plans and objectives regarding the development, use and marketability of products. Such forward-looking statements are based on present circumstances and on TAUG's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, and are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to successfully develop and market products, consumer and business consumption habits, the ability to fund operations and other factors over which TAUG has little or no control. Such forward-looking statements are made only as of the date of this release, and TAUG assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. Risks, uncertainties and other factors are discussed in documents filed from time to time by TAUG with the Securities and Exchange Commission. This press release does not and shall not constitute an offer to sell or the solicitation of any offer to buy any of the securities, nor shall there be any sale of the securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The securities have not been registered under the Securities Act of 1933, as amended (the "Securities Act") or any state securities laws, and may not be offered or sold in the United States absent registration, or an applicable exemption from registration, under the Securities Act and applicable state securities laws.
CONTACT: Mr. Seth M. Shaw
Chairman & Chief Executive Officer
Tauriga Sciences, Inc.www.tauriga.comNew York: +1-917-796-9926
Source: Tauriga Sciences Inc