ProGreen is now in the process of setting up a Joint Venture subsidiary in Mexico, where ProGreen will own 51% and Contel 49%. This will enable us to bring assets on to the balance sheet for the land reflected in the latest press release.
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ProGreenUS
ProGreen US, Inc. (ProGreen), (OTCQB: PGUS), www.ProGreenUS.com, @ProGreenUS, is a US company engaged primarily with investments in agricultural and real estate projects in Baja California, Mexico, both through its joint venture partnership with Inmobiliaria Contel S.R.L.C.V. (Contel) and through its majority-owned Mexican subsidiary Procon Baja JV (Procon).
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