Mississauga, Ontario and Sacramento, California–(Newsfile Corp. – March 15, 2021) – Bee Vectoring Technologies International Inc. (CSE: BEE) (OTCQB: BEVVF) (CVE: BEE) (the “Company” or “BVT”) is pleased to announce rapid acceleration of revenues in fiscal year 2021. The Company has invoiced USD$258,000 since January 1, 2021, which already represents 18% more invoicing than the Company’s entire fiscal year 2020. At current exchange rates, this translates to booked revenue of CAD$330,000.(1)
BVT sales momentum in the US Southeast is strong, including a 100% increase in revenue from blueberry growers in Georgia, the Company’s largest current commercial market, where there was a 100% retention of prior year’s customers, in addition to securing 11 new growers. BVT’s marketing campaigns are producing leads and referrals, and growers are seeking out BVT on their own initiative.
Ethan Lineberger, owner of Maple Spring’s Farm in North Carolina, a new BVT customer, said: “We have been hearing exciting things about the potential the BVT system could unlock for our business. The ability of bees to deliver a biological disease control product when fields are too wet to cross gives BVT a clear advantage compared to traditional products that are sprayed with a tractor. BVT, being a biological product, gives added marketing value to us by reducing reliance on chemical pesticides. Additionally it does not have a restricted entry interval like a synthetic fungicide which will help us during the harvest season. We are excited to try BVT across all our berry crops this season and if performance lives up to the hype we plan to double our acreage using BVT next year.”
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