ByoPlanet Announces Completion of Share Exchange Agreement with Plandai Biotechnology
Tuesday, June 6th, 2023
Plandai Biotechnology, Inc., a Nevada corporation, GOOD SALT, LLC, a Florida limited liability company doing business as ByoPlanet, and the beneficial interest owners of ByoPlanet announce today the completion of a share exchange agreement whereby PLPL shall acquire one hundred percent (100%) of the issued and outstanding ByoPlanet Interests and ByoPlanet's fixed tangible and intangible assets in exchange for all authorized, issued, and outstanding PLPL Preferred Common Shares and Common Stock.
The Parties agree that, at closing, through the transactions contemplated by this Agreement, ByoPlanet-which owns all intellectual property and trademarks of Good Salt and BP International-will become a wholly-owned subsidiary of PLPL and conduct operations under the PLPL corporate entity.
ByoPlanet's CEO, Rick O'Shea, will step into the role as CEO of Plandai moving forward.
O'Shea began his career as a professional golfer spending ten years on the PGA, Mexican, Canadian and Asian tours. After leaving the tour in 1999, he founded Elite Golf Cruises, the only comprehensive onboard golf academy in the world. It was during this time that Rick began witnessing demand and ultimately researching the complexities of the sanitization industry and identifying the gap in solution providers servicing the roughly $30 Billion dollar a year industry.
In 2010, O'Shea began working with Steve Cooper, the founder of Electrostatic Spraying Systems Inc. ("ESSI") which was based on a technology he co-developed as part of a master's degree project at the University of Georgia. ESSI developed the first commercially successful electrostatic sprayers for agricultural and ornamental crops which are still used today in over 20 countries around the world. Together, Rick and Steve adapted the ESSI technology for the infection control industry and ByoPlanet was born.
