Parabel receives $15 million investment

MELBOURNE, Florida, USA – Investment coming from an Abu Dhabi partner will speed up Parable Inc.’s (OTCQB: PABL) goals to expand markets. A global provider of micro-crop technology for the commercial production of feed and food, Parabel disclosed that its partner in the Middle East will be investing $15,000,000 in the form of a convertible note.

 “This transaction will be important, not only in helping to finance the company’s aggressive commercialisation plans, but also in terms of strategically positioning Parabel in critical markets in Africa, Asia and the Middle East,” said Anthony Tiarks, chairman and CEO of Parabel. “I am delighted to confirm this substantial injection of funds into Parabel, and I am excited about the opportunity to work closely with our partner in Abu Dhabi to enable the company to achieve its significant commercial potential.”

The company’s solution is designed to deliver strong economic returns to customer licensees as a consequence of continuous, year-round production operations. Parabel also intends to provide social and environmental benefits, through job creation, community investment, food security promotion, and sustainable production that absorbs atmospheric carbon dioxide without polluting soil or water.