November 6, 2018 / TheNewswire / Vancouver, British Columbia - Clean Seed Capital Group Ltd. (TSX-V: CSX) ("Clean Seed" or the "Company") is pleased to announce Jim Walker, former CASE IH Vice President and former AGCO Corporation Vice President of Sales and Marketing, has joined the Company's Board of Directors.
Jim Walker is a distinguished leader in the agricultural equipment business, with extensive experience in prominent senior leadership positions. Most recently, Jim was Vice President of North American Agricultural Business for CASE IH, a $26 billion global manufacturer and distributor of agricultural equipment, employing approximately 63,000 employees. Jim directed all CASE IH agricultural activities in the United States and Canada, achieving a significant increase in trading profit from 2006 to 2013 from a duel approach of delivering market share gains in the core product lines while managing costs.
Prior to joining CASE IH in July 2006, Jim served as the Vice President of Sales and Marketing, North America, of AGCO Corporation, a $7.4 billion global manufacturer and distributor of agricultural equipment employing approximately 19,000 employees. Jim directed 50% growth in revenues from 2004 to 2006 while reducing the distribution network by 50% and consolidating 23 AGCO brands into a handful. Previous to AGCO, he held a similar position with Claas Corporation, where he successfully developed Claas' combine and hay tool business for North America. Jim also spent 10 years with Deere and Company, where he helped build, support and train its professional dealer network.
Jim Walker states "After being directly involved in the leadership of various North American agriculture equipment manufacturers over the last 40 years, the opportunity to join the Clean Seed Board of Directors is a natural evolution for my career. The fact that Clean Seed has global aspirations and is involved in specialty products that are technology driven is exciting to me. I have great confidence in the management team and am aligned with their vision for the company. I look forward to playing an active and meaningful role with the team and particularly, in the commercialization of the business."
Graeme Lempriere, Chairman and Chief Executive Officer states "As we drive towards closing the acquisition of Harvest International Inc. it is my distinct pleasure to welcome Jim Walker to our board of directors. Jim's depth of knowledge, network and proven track record is of immense value to our organization. His insight to the industry and hands on commitment to our team dovetails perfectly with our current business plan".
Steve Larocque will be stepping down from the board of directors to make room for Jim Walker's appointment. The Clean Seed Board of Directors and executive team would like to take this opportunity to thank Steve for his unwavering support and years of service to the board. Steve played an important role during the development of our technologies. We are privileged to have his continual contributions through his role as an advisor.
ON BEHALF OF THE BOARD
Chairman and CEO
About Clean Seed Capital Group Ltd.
The common shares of Clean Seed Capital Group Ltd. are listed on the TSX Venture Exchange and trade under the symbol "CSX".
We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at an incredibly high level. We pride ourselves as progress facilitators that quickly turn viable concepts and ideas into commercially viable products that can fulfill demand.
The CX-6 SMART Seeder(TM) is a revolutionary seeding tool that utilizes the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row six-meter variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today's farmer.
For further information please contact Clean Seed at 604-566-9895 and visit our website at http://www.cleanseedcapital.com.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States. The common shares of Clean Seed Capital Group Ltd. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This news release includes certain "forward-looking statements" as defined under applicable Canadian securities legislation. Forward-looking statements herein include, but are not limited to, statements with respect to completing future events or actions. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.