LOS ANGELES, Oct. 16, 2014 (GLOBE NEWSWIRE) -- Verde Media Group Inc. (OTC:VMGI), announces that a new research report validates companies initiatives to develop and produce omega-3 oils high in DHA. Omega-3 oils are mainly derived from marine sources, however through its Verde Media Biotechnology Division ("VMBD") the company is using proprietary technology that utilizes a robust and sophisticated process to produce specialized omega-3 microbes in large volumes at substantially reduced costs.
The Omega-3 market is projected to grow at a compounded annual growth rate of 12.8% from 2014 to 2019. The North American region dominated the market in 2013 with over $11 billion dollars in related omega-3 products sold. According to the complete 2014 report published by MarketsandMarkets, the market for DHA and EPA is increasing due to the specific role they play in the prevention of cardio-vascular health, infant nutrition, and cancer. Fish oils account for 70% of the Omega-3 market. Omega-3 fish oil manufacturers are also using sources such as krill oil and algal oil from microbial process as they are environmentally sustainable.
Global spending of consumers on Omega-3 products is increasing the food & beverage application segment is expected to see significant growth as well. The dietary supplements segment is the largest application in the Omega-3 market. The pharmaceuticals and infant nutrition application segments are also growing at a rapid rate. Considerable growth and opportunities are forecast in the Asia-Pacific region in the next five years.
William Veve, CEO of Verde Media Group Inc. said "The consistent and aggressive growth of the omega-3 market validates our push to capture significant market share and compete with the largest producers as we bring our unique and high quality product to the market place."
About Verde Media Group Inc.
Verde Media Group Inc. is a publicly traded company listed on the OTC Markets trading under the stock symbol: VMGI. Verde Media Group Inc. The company consists of three divisions:
Agency Division- The innovative Agency division services- public relations, marketing, and transaction functions for corporate clientele.
BioTech Division- The Biotech Division manages a portfolio of biotech companies and the VMBD division undertakes the business of developing and producing high value bio-products from renewable biomass. The focus and criterion is to develop proprietary microbial technologies with low risk scale-up methods employing low cost feedstock.
Entertainment Division- The company operates a managed media company with production, distribution, development, and acquisition functions for film and television.
For more information, visit www.verdemediagroup.com, or connect with the company on Facebook. Twitter- @Verdemediagroup
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The results described herein cannot be guaranteed. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are "forward-looking statements" that are based on current expectations and assumptions.