Monday, 17 Feb 2020

Novagen Ingenium Enters Equipment Acquisition to Increase Transport Operations and Rebrands Current Operations

ORO VALLEY, Ariz., Sept. 6, 2017 : Novagen Ingenium Inc. (OTC-Markets: NOVZ) today announces entering into an Operating Agreement for The Acquisition of Transport Assets (Operating Agreement) with Datspares-Toyaparts Pty Ltd (Datspares).

Currently, Novagen's wholly owned subsidiary, Syndicated Transport and Trucking Pty Ltd operates transport and warehousing services to the building industry utilizing 12 vehicles, 4 warehouses and a staff of 18 trading as K Bees transport. The Operating Agreement which is scheduled to be completed on or before October 31, 2017 will see the current operations increase to 28 vehicles, 7 warehouses and a staff of 40. The Operating Agreement has also triggered ROADBEES Transport Pty Ltd to take the mantle of trading local and feeder services to the new Line-Haul operations.

The Operating Agreement which has a provision for commercial transition during completion has allowed Novagen's transport manager, Sonny Nugent to work from Datspares facilities with current staff.

Novagen plans to capitalize on ROADBEES "first to building site" early morning pallet delivery service by tailoring the service into Line-Haul supply chain services that will see the transport operations settle into a stronger market share for the delivery of building products.

"This is another milestone achievement for Novagen's transport and trucking division" said Micheal Nugent, CEO. "While our core focus is the development of the AmerYcan Engine in the precision engineering division, our transport and trucking division is poised to be a strong profit center".

(PRN | 2 years ago)