Inca Worldwide (OTC Pink: QEDN) announces the green light to start with the PNUD in January 2018

December 29, 2017

Turbo, Antioquia, Colombia December 29, 2017

 

 

Inca Worldwide (OTC Pink: QEDN), GMS and Fungestores got the green light to start with the PNUD http://www.co.undp.org/ end of January 2018. The project will be funded by the government of Colombia.

The initial budget that Fungestores has proposed to the PNUD is $1.430.746.100 Colombian Pesos or $476,915 USD to establish two pilots one in Guaviare and one in Putumayo two of the most important states or departamentos in Colombia that required crop substitution.

The project in Guaviare will require GMS and Fungestores to work directly with Farc, “Armando Ríos” del Frente 1. The government of Colombia has allocated $19,000,000 Colombian pesos or $6,333 USD per family to do crop substitution. The project will have required Fungestores and GMS to complete the establishment of the first 200 hectares in Guaviare and 200 hectares in Putumayo in 4 months. After this stage is completed we can expand to Taraza Antioquia that has 4,000 farmers that are already signed up and then to a good portion of the 96,000 hectares of Coca leaves that are concentrated in Putumayo, Guaviare, Nariño and Norte de Santander.

 

Kate Bahnsen CEO of Inca Worldwide states: “This a very big milestone for our project. Working directly with the PNUD and having a project funded directly by the government, show the support of the government and the commitment of the government to do substitution of Coca leaves with Sacha Inchi”.

 

Contact information: info@incaworldwide.com

 

About Inca Worldwide

Our Inca Seeds (Roasted Sacha Inchi) contain a complete protein with all nine essential amino acids, and they are rich in Omega 3, 6, and 9 antioxidants—a real Superfood!

www.incaworldwide.com

 

Caution Concerning Forward-Looking Statements:

Our public communications and SEC filings may contain "forward-looking statements" – that is, statements related to future, not past, events. In this context, forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate," "intend," "plan," "believe," "seek," "see," "will," "would," or "target."

 

Forward-looking statements by their nature address matters that are, to various degrees, uncertain, such as statements about our announced plan to reduce the size of our financial-services businesses, including expected cash and non-cash charges associated with this plan and earnings per share of QED retained businesses (Verticals); expected income; earnings per share; revenues; organic growth; growth and productivity associated with our Digital business; margins; cost structure; restructuring charges; acquisition-related synergies; cash flows; returns on capital and investment; capital expenditures, capital allocation or capital structure; and dividends.

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