Montague International, signs Letter of Intent with Rang Dong Group Vietnam

PHILADELPHIA - April 16, 2014 - PRLog -- Rang Dong Group signs  Letter of Intent to develop major agricultural venture with Montague International Holding, Ltd  April 14,2014)

Montague ,based in Philadelphia, Pennsylvania is pleased to announce that it has formed a strategic partnership via a signed Letter of Intent agreement with Rang Dong Joint Stock Company of Vietnam. Rang Dong, a natural resource project management company with a keen focus on agriculture and mining will partner with   Montague in developing a modern domestic cotton industry to be located in Bihn Thahn Province. . Vietnam has a thriving textile industry and the addition of   domestic cotton production will increase both  profitability and productivity.

Per the Agreement,  Mr.Roger Haldenby  Vice president of Montague’s Vietnam division  states that “We will advise Rang Dong on project design and market strategies, specifically in areas of large scale cotton cultivation, harvesting and  “ginning” or processing the raw cotton and establishing  channels of distribution for both domestic usage and export. In addition to marketing strategies ,Montague will also provide support and direction with press releases and general business guidance for Rang Dong as the company navigates the commercial cotton industry.”

"Rang Dong is an innovative leader in this exciting  period of Vietnam’s economic revival... it will be amongst  the first  Vietnamese companies to be involved in the mechanized fiber industry” said, Robert Ringold  Vice President of Business Development . “We plan to begin with 3705 acres (1500 hectares) and estimate that 18,.525 acres (7500 hectares) will be under cultivation by 2018. The deal is valued at $ 72 million dollars based on current cotton prices and initial project size.’

In Vietnam, cotton has been traditionally  grown in small family holdings using hand operated equipment and processing methods .  The new approach will increase productivity and sustain a growing textile manufacturing sector. By partnering with Montague, Rang Dong will increase its presence in agriculture and help to create  much needed manufacturing jobs

About Rang Dong

Rang Dong Group was first established in 1991 and operates in many facets of the construction industry. Areas of involvement include: Mineral exploitation; Production of construction materials; Furniture; Mechanical Engineering; Forestry; Rubber plantations; Residential area development; Leisure and Tourism industry development, including resorts, hotels, and golf courses.

Currently, Rang Dong Group is a private group with its headquarters located in the city of Phan Thiet, Binh Thuan Province, Vietnam.

With over 20 years of experience, the Rang Dong Group is proud to have created many jobs, and has substantially contributed to the sustainable development and prosperity of the Phan Thiet community and to the country of Vietnam.

Rang Dong has more than 3,000 staff who bring relentless dedication, strength, wisdom and talent to each of the group's many investment projects.

Spirits (USA, Israel, Moldova, Germany ) , pharmaceuticals ( Colorado)  and Aerospace ( US, Israel ) .Our non profit affiliate , Help Is On The Way, a 501(c)3 corporation, provides medical assistance to those in need.

Montague's Management Team shares an entrepreneurial spirit and a passion   to conduct business in way that benefits all ; shareholders, clients ,and, employees .
About Montague

Montague International Holding. Ltd and its affiliates are committed to developing and conducting business that is financially responsible now and in the future, consistent with the goals of the communities and countries that we partner with. Central to Montague's  Corporate Philosophy,we recognize that our goals and those of our host communities can be mutually beneficial and long lasting .

Montague is involved in  traditional industries such as manufacturing, mining ( USA, Peru, Vietnam ) , agriculture ( Colorado, Vietnam ), but also specialize in niche sectors such as large scale urban development ( Riga, Latvia) ,alternative energy ( Wind / Solar / Modular Refineries ) ,Wines &
FORWARD-LOOKING DISCLAIMER
This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the Safe Harbor created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Montague International Holding, Ltd  to be materially different from the statements made herein.

CONTACT:
Investor Relations:
Montague International Holding LTD
1800 Kennedy Boulevard, Suite 300
Philadelphia, PA  19103
Phone: 1-267-352-3485, ext. 504

rringold@montagueholding.com

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